Form 4: Scott J. Vassalluzzo Reports Acquisition of Credit Acceptance Corp Shares

Scott J. Vassalluzzo, a director and member of a Section 13(d) group at Credit Acceptance Corp, reports acquiring 442 shares of common stock and discloses beneficial ownership of 64,990 shares directly and 2,758 shares indirectly through family accounts.

Summary

• On September 4, 2024, Scott J. Vassalluzzo acquired 442 shares of Credit Acceptance Corp (CACC) common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Vassalluzzo directly owns 64,990 shares of CACC, including 724 unvested restricted stock units.
• Vassalluzzo also indirectly owns 2,758 shares through family investment accounts.
• Vassalluzzo disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership.

Industry Context

This filing is a routine disclosure related to insider trading and is required by the SEC to ensure transparency in the market. It provides information about the trading activities of company insiders, allowing investors to assess whether those with access to privileged information are increasing or decreasing their stakes in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It allows stakeholders to monitor the investment behavior of company directors.

Key Dates