Kenneth Booth of CREDIT ACCEPTANCE (CACC) receives 358-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CREDIT ACCEPTANCE CORP director Kenneth Booth reported a share grant under the company’s equity compensation program. On June 10, 2026, he received 358 shares of common stock at a stated price of $0.00 per share, characterized as a grant or award rather than an open-market purchase. After this award, his direct common stock holdings increased to 23,189.9 shares. The filing also lists outstanding employee stock options giving rights to acquire 110,000 shares of common stock at an exercise price of $390.39 per share expiring on January 31, 2028, and options for 14,000 shares at $333.94 per share expiring on December 30, 2026, showing a substantial remaining derivative position.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Booth Kenneth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 358 | $0.00 | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,189.9 shares (Direct, null);
Employee Stock Option (right to buy) — 14,000 shares (Direct, null)
Footnotes (1)
Key Figures
Share grant: 358 shares
Post-grant holdings: 23,189.9 shares
Option strike price: $390.39/share
+3 more
6 metrics
Share grant
358 shares
Common stock grant on June 10, 2026
Post-grant holdings
23,189.9 shares
Common stock directly held after grant
Option strike price
$390.39/share
Employee stock option expiring January 31, 2028
Underlying shares (option 1)
110,000 shares
Underlying common stock for $390.39 options
Option strike price
$333.94/share
Employee stock option expiring December 30, 2026
Underlying shares (option 2)
14,000 shares
Underlying common stock for $333.94 options
Key Terms
Employee Stock Option (right to buy), Grant, award, or other acquisition, Common Stock, exercise price, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
exercise price financial
"conversion_or_exercise_price: "390.3900" and "333.9400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2028-01-31" and "2026-12-30""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did CREDIT ACCEPTANCE (CACC) report for Kenneth Booth?
CREDIT ACCEPTANCE director Kenneth Booth reported receiving 358 shares of common stock on June 10, 2026. The shares were granted at a stated price of $0.00, indicating a compensation-related award rather than an open-market purchase.
What stock options for CREDIT ACCEPTANCE (CACC) does Kenneth Booth have outstanding?
The filing lists employee stock options covering 110,000 underlying shares at an exercise price of $390.39 expiring January 31, 2028, and options for 14,000 underlying shares at $333.94 expiring December 30, 2026, all on CREDIT ACCEPTANCE common stock.
Was the June 10, 2026 CREDIT ACCEPTANCE (CACC) transaction an open-market buy or a grant?
The June 10, 2026 transaction is classified as a grant, award, or other acquisition under code A. The 358 shares were acquired at a stated price of $0.00, indicating compensation, not an open-market purchase.