Arthur Smith Net Worth: As of the 2nd of August in the year 2021, Arthur L Smith’s projected net worth is at least $15 million dollars. Mr. Smith holds more than 2,000 units of Credit Acceptance stock, which is worth more than $7,239,139, and he has sold CACC stock for more than $4,861,769 during the past seven years. His salary as Chief Analytics Officer at Credit Acceptance is an additional $2,918,920 per year.
Arthur Smith is 47 years old and has worked as the Chief Analytics Officer at Credit Acceptance since 2013. He is married with two children. Credit Acceptance has eight senior executives who are above the age of 50 and one executives who is under the age of 50. Glenda Flanagan, the Independent Director of Credit Acceptance Corp., is the company’s oldest executive at the age of 66.
Company Chief Analytics Officer Arthur L. Smith is responsible for the company’s data analytics. Mr. Smith began his career with Credit Acceptance in April 1997 as a Credit Analyst in the Dealer Service Center. The next year, he was elevated to Manager of Dealer Risk, then Director in 2005, Vice President the following year, and Senior Vice President the following year. Mr. Smith joined the company as Chief Analytics Officer in August of the same year.
Insiders at Credit Acceptance have exchanged more than $2,197,471,694 worth of Credit Acceptance stock and purchased 932,003 shares worth $25,327,651 in the company’s history during the past 18 years. Donald A. Foss, Thomas W. Smith, and Jill Foss Watson are among the most active insider traders in the market. In the typical year, Credit Acceptance executives and independent directors exchange shares once every 13 days, with the average transaction valued at $22,796,213, according to the company. The most recent stock transaction was completed on September 8, 2021, by General Partners Llcsmith T…, who traded 32,401 units of CACC stock, which is now valued $21,075,554 dollars.
The Credit Acceptance Corporation has been in business since 1972, providing financing solutions that allow car dealers to sell automobiles to customers regardless of their credit background. These financing programs are offered through a nationwide network of automobile dealers, who benefit from sales of vehicles to consumers who would otherwise be unable to obtain financing, from repeat and referral sales generated by these same customers, and from sales to customers who respond to advertisements for its financing programs but who ultimately qualify for traditional financing as a result of their efforts.
Arthur Smith’s overall salary at Credit Acceptance is $2,918,920, which he receives in his capacity as Chief Analytics Officer. The highest-paid executive at Credit Acceptance is Kenneth Booth, who earns $2,919,160 a year. There is 1 other executive who earns more than him.
According to Form 4 filed with the Securities and Exchange Commission, Arthur has made more than seven transactions in the Credit Acceptance shares since 2017. On August 2, 2021, he sold 2,000 units of CACC stock valued at $1,025,000, the most recent transaction.
Selling 3,000 units of Credit Acceptance stock on January 27, 2021, for a total value of approximately $1,300,560 was the biggest transaction he’d ever completed. Since 2015, Arthur has traded about 677 units every 86 day on average. Credit Acceptance stock was still owned by him as of the 2nd of August, 2021, at least 11,770 units at the time of writing.