Erin J Kerber

CLO Erin J Kerber sells 3,546 shares at $576.46 avg for $2.0M in scheduled 10b5-1 transactions

Erin J Kerber, Chief Legal Officer of Credit Acceptance Corp (CACC), executed 5 separate sales totaling 3,546 shares for $2,044,140.04 across two trading dates (May 29 and June 1, 2026) at prices ranging from $575.25 to $578.67, with a blended average price of $576.46. The sales reduce her non-derivative holdings from 29,256 to 25,710 shares, a 12.1% reduction in that portion of her stake. This transaction is part of a pre-arranged 10b5-1 trading plan, indicating it was scheduled rather than discretionary. She retains 14,907 derivative shares through employee stock options (7,484 and 7,423 shares), maintaining meaningful exposure to the company. The stock trades at $541.94 currently, 6.5% below its 52-week high of $579.80, and has posted strong recent momentum: +7.4% over 30 days and +10.6% over 90 days. The company demonstrates solid fundamentals with $135.8M net income on $580.0M revenue and a modest 12.50 P/E ratio.

CLO Erin J Kerber sold 1,903 shares for $1,051,225.87 under 10b5-1 plan; retains 25,710 shares.

Erin J Kerber, Chief Legal Officer, executed 7 separate sales on 2026-05-18 totaling 1,903 shares for $1,051,225.87 (blended average $552.40), reducing holdings from 27,613 to 25,710 shares. The transaction is part of a pre-arranged 10b5-1 trading plan, meaning it is scheduled rather than discretionary. Current stock price is $557.94, within 1.3% of the 52-week high, and the broader context shows strong recent momentum (+14.9% over 90 days). The insider's prior 5 same-ticker sales at CACC each showed negative 30-day and 90-day returns ranging from -0.4% to -2.0%, though the scheduled nature of this transaction precludes any timing-based inference about insider intent or market outlook.

Chief Legal Officer exercises options and immediately sells nearly all acquired shares in same-day trades.

Erin J Kerber, the company's Chief Legal Officer, exercised stock options on May 6, 2026 and sold virtually all 1,753 shares acquired on the same day across seven separate transactions. This is a net-neutral trade structure—exercising for the full amount immediately liquidated—which is a common tax-management approach for employees with significant vested options. The timing is noteworthy: the stock is trading slightly below its fifty-two-week high after a sharp recent rally, suggesting Kerber executed at favorable prices rather than during a pullback. However, because all acquired shares were sold the same day, this trade offers limited insight into Kerber's conviction about the company's direction; the pattern is consistent with disciplined portfolio management rather than a directional bet. The company remains fundamentally sound, with strong profitability and steady growth, though Kerber's filing history shows she has been a consistent net seller over the prior three years with no open-market purchases until this exercise-and-sell transaction.