Form 4: Credit Acceptance Corp COO Jonathan Lum Reports Stock Transactions

Jonathan Lum, Chief Operating Officer of Credit Acceptance Corp, reports the exercise of stock options and subsequent sale of shares on March 15, 2024.

Summary

• On March 15, 2024, Jonathan Lum, the Chief Operating Officer of Credit Acceptance Corp, exercised stock options to acquire 2,500 shares of common stock at a price of $333.94 per share.
• Following the exercise of the options, Mr. Lum sold 2,300 shares at a weighted average price of $549.57, with individual transactions ranging from $549.19 to $549.80.
• He also sold 200 shares at a weighted average price of $551.10, with individual transactions ranging from $551.06 to $551.14.
• After these transactions, Mr. Lum directly owns 8,161 shares of Credit Acceptance Corp common stock and holds options for 37,500 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions. The transactions themselves don't necessarily indicate a positive or negative outlook.

Industry Context

This filing is a routine disclosure of insider transactions, which are common and legal as long as they comply with SEC regulations. Investors often monitor these filings for insights into management's perspective on the company's stock.

Key Dates