Director Kenneth Booth Sells $4.43M in Stock After Option Exercise

summarizeSummary

Director Kenneth Booth sold $4.43 million worth of Credit Acceptance Corp stock after exercising options, contributing to a pattern of insider selling.

check_boxKey Events

• Director Sells Shares

  Director Kenneth Booth sold 8,000 shares of common stock for a total of $4,432,000.00 on May 18-19, 2026.

• Option Exercise Preceded Sale

  The sale followed the exercise of 8,000 employee stock options at an exercise price of $333.94 per share, totaling $2,671,520.00.

• Transaction Near 52-Week High

  The transaction occurred while the stock is trading near its 52-week high of $565.14, potentially indicating the insider is locking in gains.

• Adds to Insider Distribution Trend

  This sale contributes to a net insider distribution of over $23 million in open-market sales over the last 90 days, as noted in recent insider activity.

auto_awesomeAnalysis

Director Kenneth Booth exercised options and immediately sold a significant amount of stock, totaling $4.43 million. This transaction, occurring near the company's 52-week high, represents a substantial liquidity event for the insider and adds to the recent trend of insider distribution.