[Form 4] Credit Acceptance Corp Insider Trading Activity
Credit Acceptance Corporation (CACC) director and Chief Alignment Officer Nicholas J. Elliott reported selling 350 shares of CACC common stock at $521.73 per share and disclosing 315 shares held indirectly in the company 401(k) stock fund. The filing also shows Mr. Elliott directly holds 19,034.86 shares following the sale, which include 18,373 unvested restricted stock units granted under the company’s incentive plan. In addition, he holds 13,950 exercisable employee stock options with a $333.94 exercise price expiring in 2026. The transaction is reported as a sale and the ownership mix includes direct shares, RSUs and a 401(k) holding.
Nicholas J. Elliott, direttore e Chief Alignment Officer di Credit Acceptance Corporation (CACC), ha dichiarato la vendita di 350 azioni ordinarie CACC a 521,73 USD ciascuna e la detenzione indiretta di 315 azioni nel fondo azionario 401(k) dell'azienda. La comunicazione indica inoltre che, dopo la vendita, il sig. Elliott possiede direttamente 19.034,86 azioni, tra cui 18.373 unità azionarie vincolate non ancora maturate concesse nell'ambito del piano incentivante dell'azienda. Detiene inoltre 13.950 opzioni azionarie esercitabili con prezzo di esercizio pari a 333,94 USD in scadenza nel 2026. L'operazione è classificata come vendita e la composizione della proprietà comprende azioni dirette, RSU e una posizione nel 401(k).
Nicholas J. Elliott, director y Chief Alignment Officer de Credit Acceptance Corporation (CACC), informó la venta de 350 acciones ordinarias de CACC a 521,73 USD por acción y la posesión indirecta de 315 acciones en el fondo de acciones 401(k) de la compañía. La presentación también muestra que, tras la venta, el Sr. Elliott mantiene 19.034,86 acciones en propiedad directa, que incluyen 18.373 unidades restringidas de acciones no adquiridas otorgadas bajo el plan de incentivos de la empresa. Además, posee 13.950 opciones sobre acciones ejercitables con precio de ejercicio de 333,94 USD que vencen en 2026. La transacción se reporta como una venta y la participación se compone de acciones directas, RSU y una tenencia en el 401(k).
Credit Acceptance Corporation(CACC) 이사 겸 Chief Alignment Officer인 Nicholas J. Elliott는 CACC 보통주 350주를 주당 521.73달러에 매도하고, 회사의 401(k) 주식펀드에 간접 보유 중인 315주를 공시했습니다. 신고서에는 또한 매도 후 Elliott 씨가 직접 보유한 주식이 19,034.86주이며, 여기에는 회사 인센티브 계획에 따라 부여된 18,373개의 미수여 제한주(RSU)가 포함되어 있다고 나와 있습니다. 아울러 그는 행사가 333.94달러이고 2026년에 만료되는 13,950개의 행사 가능한 종업원 스톡옵션을 보유하고 있습니다. 이 거래는 매도로 보고되며 소유 구성에는 직접 보유 주식, RSU 및 401(k) 보유가 포함됩니다.
Nicholas J. Elliott, administrateur et Chief Alignment Officer de Credit Acceptance Corporation (CACC), a déclaré la vente de 350 actions ordinaires CACC au prix de 521,73 USD par action et la détention indirecte de 315 actions dans le fonds d'actions 401(k) de la société. Le dépôt indique également qu'après la vente, M. Elliott détient directement 19 034,86 actions, comprenant 18 373 unités d'actions restreintes non acquises attribuées dans le cadre du plan d'incitation de la société. Il détient en outre 13 950 options d'achat d'actions exerçables avec un prix d'exercice de 333,94 USD arrivant à expiration en 2026. La transaction est signalée comme une vente et la composition de la détention inclut des actions directes, des RSU et un avoir dans le 401(k).
Nicholas J. Elliott, Direktor und Chief Alignment Officer von Credit Acceptance Corporation (CACC), meldete den Verkauf von 350 CACC-Stammaktien zu je 521,73 USD sowie den indirekten Besitz von 315 Aktien im 401(k)-Aktienfonds des Unternehmens. Die Einreichung zeigt außerdem, dass Herr Elliott nach dem Verkauf direkt 19.034,86 Aktien hält, darunter 18.373 nicht unverfallbare Restricted Stock Units (RSU), die im Rahmen des Anreizplans des Unternehmens gewährt wurden. Zudem besitzt er 13.950 ausübungsfähige Mitarbeiteraktienoptionen mit einem Ausübungspreis von 333,94 USD, die 2026 verfallen. Die Transaktion wird als Verkauf angegeben und die Besitzstruktur umfasst direkte Aktien, RSU und eine 401(k)-Beteiligung.
- Full disclosure of direct, indirect and derivative holdings provides transparency about the insider's economic exposure
- Substantial alignment remains via 18,373 unvested RSUs and 13,950 exercisable options, indicating continued vested interest in company performance
- Insider sale of 350 shares reduces direct holdings, which could be viewed negatively if interpreted as liquidity-taking
- Concentration in equity compensation (large RSU and option balances) may limit near-term diversification for the insider
Insights
TL;DR Insider sold a small number of shares while retaining substantial equity via RSUs and exercisable options, a largely routine disclosure.
The 350-share sale at $521.73 reduces direct holdings modestly to 19,034.86 shares; the position remains materially supported by 18,373 unvested RSUs and 13,950 exercisable options with a $333.94 strike. The 315 shares held in the company 401(k) are reported as indirect holdings. This combination—direct shares, significant RSUs and in-the-money options—indicates continued alignment with shareholder value while allowing limited liquidity. The sale size relative to total reported economic exposure appears minor and consistent with routine insider transactions or plan-driven sales.
TL;DR Disclosure is complete and shows compensation mix; transaction does not signal a major change in insider alignment.
The Form 4 discloses both the sale and the composition of the reporting person's holdings, including sizable unvested restricted stock units from the incentive plan and exercisable employee options expiring in 2026. Proper disclosure of the 401(k) holdings as indirect ownership is included. From a governance perspective, the mix of deferred equity (RSUs) and options suggests retention incentives remain in place. The single small open-market sale is not, by itself, a material governance concern based on the reported figures.
Nicholas J. Elliott, direttore e Chief Alignment Officer di Credit Acceptance Corporation (CACC), ha dichiarato la vendita di 350 azioni ordinarie CACC a 521,73 USD ciascuna e la detenzione indiretta di 315 azioni nel fondo azionario 401(k) dell'azienda. La comunicazione indica inoltre che, dopo la vendita, il sig. Elliott possiede direttamente 19.034,86 azioni, tra cui 18.373 unità azionarie vincolate non ancora maturate concesse nell'ambito del piano incentivante dell'azienda. Detiene inoltre 13.950 opzioni azionarie esercitabili con prezzo di esercizio pari a 333,94 USD in scadenza nel 2026. L'operazione è classificata come vendita e la composizione della proprietà comprende azioni dirette, RSU e una posizione nel 401(k).
Nicholas J. Elliott, director y Chief Alignment Officer de Credit Acceptance Corporation (CACC), informó la venta de 350 acciones ordinarias de CACC a 521,73 USD por acción y la posesión indirecta de 315 acciones en el fondo de acciones 401(k) de la compañía. La presentación también muestra que, tras la venta, el Sr. Elliott mantiene 19.034,86 acciones en propiedad directa, que incluyen 18.373 unidades restringidas de acciones no adquiridas otorgadas bajo el plan de incentivos de la empresa. Además, posee 13.950 opciones sobre acciones ejercitables con precio de ejercicio de 333,94 USD que vencen en 2026. La transacción se reporta como una venta y la participación se compone de acciones directas, RSU y una tenencia en el 401(k).
Credit Acceptance Corporation(CACC) 이사 겸 Chief Alignment Officer인 Nicholas J. Elliott는 CACC 보통주 350주를 주당 521.73달러에 매도하고, 회사의 401(k) 주식펀드에 간접 보유 중인 315주를 공시했습니다. 신고서에는 또한 매도 후 Elliott 씨가 직접 보유한 주식이 19,034.86주이며, 여기에는 회사 인센티브 계획에 따라 부여된 18,373개의 미수여 제한주(RSU)가 포함되어 있다고 나와 있습니다. 아울러 그는 행사가 333.94달러이고 2026년에 만료되는 13,950개의 행사 가능한 종업원 스톡옵션을 보유하고 있습니다. 이 거래는 매도로 보고되며 소유 구성에는 직접 보유 주식, RSU 및 401(k) 보유가 포함됩니다.
Nicholas J. Elliott, administrateur et Chief Alignment Officer de Credit Acceptance Corporation (CACC), a déclaré la vente de 350 actions ordinaires CACC au prix de 521,73 USD par action et la détention indirecte de 315 actions dans le fonds d'actions 401(k) de la société. Le dépôt indique également qu'après la vente, M. Elliott détient directement 19 034,86 actions, comprenant 18 373 unités d'actions restreintes non acquises attribuées dans le cadre du plan d'incitation de la société. Il détient en outre 13 950 options d'achat d'actions exerçables avec un prix d'exercice de 333,94 USD arrivant à expiration en 2026. La transaction est signalée comme une vente et la composition de la détention inclut des actions directes, des RSU et un avoir dans le 401(k).
Nicholas J. Elliott, Direktor und Chief Alignment Officer von Credit Acceptance Corporation (CACC), meldete den Verkauf von 350 CACC-Stammaktien zu je 521,73 USD sowie den indirekten Besitz von 315 Aktien im 401(k)-Aktienfonds des Unternehmens. Die Einreichung zeigt außerdem, dass Herr Elliott nach dem Verkauf direkt 19.034,86 Aktien hält, darunter 18.373 nicht unverfallbare Restricted Stock Units (RSU), die im Rahmen des Anreizplans des Unternehmens gewährt wurden. Zudem besitzt er 13.950 ausübungsfähige Mitarbeiteraktienoptionen mit einem Ausübungspreis von 333,94 USD, die 2026 verfallen. Die Transaktion wird als Verkauf angegeben und die Besitzstruktur umfasst direkte Aktien, RSU und eine 401(k)-Beteiligung.
FAQ
What did CACC insider Nicholas J. Elliott sell and at what price?
How many CACC shares does Nicholas J. Elliott own after the reported transaction?
Does Nicholas J. Elliott hold restricted stock units or options in CACC?
Are there any indirect holdings reported for Nicholas J. Elliott in CACC?
Does this Form 4 indicate any material change in insider alignment with CACC shareholders?
