[Form 4] CREDIT ACCEPTANCE CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credit Acceptance Corp Chief Marketing and Product Officer Andrew K. Rostami reported a routine tax-related share disposition. On the reported date, 473.5 shares of common stock were withheld at $527.56 per share to satisfy tax obligations tied to vesting and settlement of restricted stock units, not an open‑market sale.
After this withholding, Rostami directly held 23,090.9 shares of common stock. He also held an employee stock option over 16,000 underlying common shares with an exercise price of $585.93 per share, expiring in 2028, showing a substantial remaining equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rostami Andrew K
Role
Chief Mktg and Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 473.5 | $527.56 | $250K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,090.9 shares (Direct, null);
Employee Stock Option (right to buy) — 16,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for tax: 473.5 shares
Withholding price: $527.56 per share
Shares held after: 23,090.9 shares
+3 more
6 metrics
Shares withheld for tax
473.5 shares
Tax withholding on RSU vesting
Withholding price
$527.56 per share
Price for 473.5 withheld shares
Shares held after
23,090.9 shares
Common stock directly held post-transaction
Option underlying shares
16,000 shares
Underlying common stock for employee option
Option exercise price
$585.93 per share
Exercise price of employee stock option
Option expiration
2028-04-18
Expiration date of employee stock option
Key Terms
restricted stock units, tax withholding obligations, Employee Stock Option (right to buy), tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"in conjunction with the vesting and settlement of restricted stock units to shares of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Shares withheld to satisfy tax withholding obligations in conjunction with the vesting"
Employee Stock Option (right to buy) financial
"security_title": "Employee Stock Option (right to buy)"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did CACC executive Andrew K. Rostami report in this Form 4?
Andrew K. Rostami reported a tax-related share disposition. 473.5 common shares were withheld to cover tax obligations from vesting restricted stock units, leaving him with 23,090.9 directly held shares and significant outstanding stock options.
What stock options does the CACC officer report in this Form 4?
Rostami reports an employee stock option linked to 16,000 underlying common shares. The option has an exercise price of $585.93 per share and an expiration date in 2028, representing a sizeable remaining derivative position.