0000885550-23-000116.txt : 20231102
0000885550-23-000116.hdr.sgml : 20231102
20231102160827
ACCESSION NUMBER: 0000885550-23-000116
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231031
FILED AS OF DATE: 20231102
DATE AS OF CHANGE: 20231102
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rostami Andrew K
CENTRAL INDEX KEY: 0001924960
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-20202
FILM NUMBER: 231372315
MAIL ADDRESS:
STREET 1: 25505 WEST TWELVE MILE ROAD
CITY: SOUTHFIELD
STATE: MI
ZIP: 48034
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CREDIT ACCEPTANCE CORP
CENTRAL INDEX KEY: 0000885550
STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141]
IRS NUMBER: 381999511
STATE OF INCORPORATION: MI
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 25505 WEST TWELVE MILE ROAD
CITY: SOUTHFIELD
STATE: MI
ZIP: 48034-8334
BUSINESS PHONE: 2483532700
MAIL ADDRESS:
STREET 1: 25505 WEST TWELVE MILE ROAD
CITY: SOUTHFIELD
STATE: MI
ZIP: 48034-8334
FORMER COMPANY:
FORMER CONFORMED NAME: CREDIT ACCEPTANCE CORPORATION
DATE OF NAME CHANGE: 19930328
4
1
wk-form4_1698955667.xml
FORM 4
X0508
4
2023-10-31
0
0000885550
CREDIT ACCEPTANCE CORP
CACC
0001924960
Rostami Andrew K
25505 WEST TWELVE MILE ROAD
SOUTHFIELD
MI
48034
0
1
0
0
Chief Mktg and Product Officer
0
Common Stock
2023-10-31
4
F
0
483.5
402.43
D
6631.5
D
Employee Stock Option (right to buy)
585.93
2028-04-18
Common Stock
16000
16000
D
Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and conversion of restricted stock units to shares of common stock.
Includes 6,000 unvested restricted stock units that were granted under the Company's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation. The original 4,000 restricted stock units granted to Mr. Rostami vest and are being distributed in four equal annual installments beginning on April 18, 2023, which was the first anniversary of the date on which the restricted stock units were granted. The remaining 4,000 restricted stock units vest and are being distributed in four equal annual installments beginning on October 31, 2023, which was the first anniversary of the date on which the restricted stock units were granted.
The option, representing a right to purchase 16,000 shares, is exercisable in four equal annual installments beginning on April 18, 2023, which was the first anniversary of the date on which the option was granted.
/s/ Andrew K. Rostami
2023-11-02