Form 4: Credit Acceptance Corp Executive Rostami Reports Stock Transactions
SEC Form 4 Filing
Andrew K. Rostami, Chief Marketing and Product Officer of Credit Acceptance Corp, reports the disposition of 443.3 shares to cover tax obligations and holds 25,853.5 shares following the transaction.
Summary
- On April 18, 2025, Andrew K. Rostami, Chief Marketing and Product Officer of Credit Acceptance Corp, disposed of 443.3 shares of common stock to satisfy tax withholding obligations.
- The transaction price was $472.19 per share.
- Following the transaction, Rostami beneficially owns 25,853.5 shares of common stock, which includes 23,572 unvested restricted stock units.
- Rostami also holds an employee stock option to purchase 16,000 shares of common stock at an exercise price of $585.93, which vests in four equal annual installments starting April 18, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates that a company officer has disposed of shares to cover tax obligations related to vesting of stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/18/2023 | First anniversary of the date on which the employee stock option was granted, with the option exercisable in four equal annual installments beginning on this date. |
| 04/18/2025 | Date of the stock transaction where 443.3 shares were disposed of to cover tax obligations. |
| 04/22/2025 | Date of signature for the Form 4 filing. |
| 04/18/2028 | Expiration date of the employee stock option. |
Keywords
Form 4, insider trading, stock transaction, restricted stock units, employee stock option, Credit Acceptance Corp, CACC, Rostami, beneficial ownership
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