Form 4: Credit Acceptance Corp CFO Jay D. Martin Reports Stock Transaction

Chief Financial Officer Jay D. Martin of Credit Acceptance Corp reports disposition of shares to cover tax obligations and discloses holdings of common stock and stock options.

Summary

• On January 23, 2025, Jay D. Martin, the CFO of Credit Acceptance Corp, reported a transaction involving the disposition of 159.45 shares of common stock to satisfy tax withholding obligations.
• The shares were sold at a price of $524.14.
• Following the transaction, Martin directly owns 27,998.55 shares of Credit Acceptance Corp, which includes 22,583 unvested restricted stock units.
• Martin also holds options to purchase 19,500 shares at an exercise price of $333.94, which vest in equal annual installments starting December 30, 2021.
• Additionally, Martin holds options to purchase 2,250 shares at an exercise price of $390.39, which vest in equal annual installments starting April 28, 2022.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedules and exercise prices of the stock options are typical for executive compensation packages in the financial services industry.
• Comparable companies such as Ally Financial, Capital One, and Discover Financial Services also have executives who regularly file Form 4s to report similar transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
• The filing provides transparency to stakeholders regarding insider transactions.

Key Dates