Credit Acceptance Executive Plans Stock Sale Following Vesting Period
Rhea-AI Filing Summary
Credit Acceptance Corp (NASDAQ: CACC) has filed a Form 144 notice for a proposed sale of securities by an insider. The filing details plans to sell 375 shares of common stock with an aggregate market value of $189,483.75, representing a small portion of the total 11,603,475 shares outstanding.
The shares to be sold were acquired through two restricted stock vesting events:
- 90 shares vested on October 31, 2023
- 285 shares vested on April 18, 2024
The planned sale is scheduled for June 20, 2025 through Fidelity Brokerage Services. The securities were originally acquired as compensation through restricted stock vesting. The filing indicates no other sales by the insider in the past 3 months, suggesting this is an isolated transaction rather than part of a larger selling pattern.
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