CACC - Wendy A Rummler At Credit Acceptance Decides to Exercises Options Worth $330K | Benzinga
Highlighted on February 6, it was unveiled in an SEC filing that Rummler, Chief People Officer at Credit Acceptance (NASDAQ:CACC), executed a significant transaction involving the exercise of company stock options.
What Happened: A notable Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission revealed that Rummler, Chief People Officer at Credit Acceptance, exercised stock options for 1,500 shares of CACC, resulting in a transaction value of $330,855.
During Wednesday's morning session, Credit Acceptance shares down by 0.0%, currently priced at $554.51. Considering the current price, Rummler's 1,500 shares have a total value of $330,855.
About Credit Acceptance
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.
Unraveling the Financial Story of Credit Acceptance
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