STOCK TITAN

[Form 4] Casey's General Stores Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Mike Spanos, a director of Casey's General Stores Inc. (CASY), reported equity transactions involving common stock and restricted stock units. The Form 4 shows a non‑derivative acquisition of 442 shares at no cash price, bringing his beneficial ownership of common stock to 4,002 shares. The filing also reports restricted stock unit activity: 326 RSUs were granted (non‑derivative acquisition) and 442 RSUs were reported as a transaction under code M with no RSUs remaining for that line. The filing explains each RSU converts to one share upon vesting and identifies the 326‑RSU award as non‑employee director compensation that vests in full at the next annual shareholders meeting, while the 442‑RSU award vested at the prior annual meeting.

Mike Spanos, amministratore di Casey's General Stores Inc. (CASY), ha comunicato operazioni su azioni ordinarie e su unità azionarie vincolate (RSU). Il Modulo 4 indica un'acquisizione non derivata di 442 azioni a titolo gratuito, portando la sua partecipazione beneficiaria in azioni ordinarie a 4.002 azioni. La segnalazione riporta inoltre movimenti sulle RSU: sono state concesse 326 RSU (acquisizione non derivata) e sono annotate 442 RSU come transazione con codice M, senza RSU residue per quella voce. Il documento precisa che ogni RSU si converte in una azione alla maturazione e specifica che il premio di 326 RSU è compenso per amministratori non dipendenti che matura integralmente alla prossima assemblea annuale degli azionisti, mentre le 442 RSU si sono vestite all'assemblea annuale precedente.

Mike Spanos, director de Casey's General Stores Inc. (CASY), informó operaciones sobre acciones ordinarias y unidades restringidas (RSU). El Formulario 4 muestra una adquisición no derivada de 442 acciones sin desembolso en efectivo, elevando su participación beneficiaria en acciones ordinarias a 4.002 acciones. El informe también detalla movimiento de RSU: se otorgaron 326 RSU (adquisición no derivada) y se registraron 442 RSU como transacción bajo el código M, sin RSU restantes en esa línea. La presentación aclara que cada RSU se convierte en una acción al consolidarse y señala que la concesión de 326 RSU es remuneración para directores no empleados que vence por completo en la próxima junta anual de accionistas, mientras que las 442 RSU vencieron en la junta anual anterior.

케이시스 제너럴 스토어즈(CASY) 이사 마이크 스파노스는 보통주와 제한주식단위(RSU) 관련 주식거래를 신고했습니다. Form 4에는 현금 지불 없이 442주를 비파생 방식으로 취득하여 보유 유익지분이 4,002주가 되었다고 기재되어 있습니다. 신고서에는 RSU 거래도 보고되어 있는데, 326 RSU가 부여(비파생 취득)되었고 442 RSU는 코드 M으로 거래 신고되어 해당 항목에는 남은 RSU가 없다고 나옵니다. 신고서는 각 RSU가 베스팅 시 1주로 전환된다고 설명하며, 326 RSU는 차기 연례 주주총회에서 전액 베스팅되는 비임원 이사 보수로 분류되고, 442 RSU는 이전 연례총회에서 이미 베스팅되었다고 명시합니다.

Mike Spanos, administrateur de Casey's General Stores Inc. (CASY), a déclaré des opérations sur actions ordinaires et des unités d'actions restreintes (RSU). Le formulaire 4 indique une acquisition non dérivée de 442 actions sans paiement en espèces, portant sa détention bénéficiaire d'actions ordinaires à 4 002 actions. Le dépôt signale également des mouvements de RSU : 326 RSU ont été attribuées (acquisition non dérivée) et 442 RSU sont inscrites comme une transaction sous le code M, sans RSU restantes pour cette ligne. Le dossier précise que chaque RSU se convertit en une action lors du vesting et identifie l'attribution de 326 RSU comme rémunération des administrateurs non salariés, intégralement acquise lors de la prochaine assemblée générale annuelle, tandis que les 442 RSU avaient été acquises lors de l'assemblée annuelle précédente.

Mike Spanos, Direktor von Casey's General Stores Inc. (CASY), meldete Aktiengeschäfte mit Stammaktien und Restricted Stock Units (RSU). Das Form 4 weist einen nicht‑derivativen Erwerb von 442 Aktien ohne Barzahlung aus, wodurch sein wirtschaftlicher Besitz an Stammaktien auf 4.002 Aktien ansteigt. Die Meldung berichtet außerdem über RSU‑Bewegungen: Es wurden 326 RSUs gewährt (nicht‑derivativer Erwerb) und 442 RSUs als Transaktion unter Code M angegeben, wobei für diese Zeile keine RSUs verbleiben. Die Einreichung erklärt, dass jede RSU bei Vesting in eine Aktie umgewandelt wird und weist die 326‑RSU‑Zuteilung als Vergütung für nicht‑geschäftsführende Direktoren aus, die vollständig beim nächsten jährlichen Aktionärstreffen vestet, während die 442 RSUs bereits beim vorigen Jahrestreffen vested wurden.

Positive
  • Director received equity compensation: 326 restricted stock units awarded as non‑employee director compensation under the 2025 Stock Incentive Plan.
  • Vesting completed for prior award: 442 RSUs from the 2018 plan vested in connection with the prior annual shareholder meeting and are reflected as a non‑derivative acquisition of 442 shares.
  • Increased direct ownership: Reporting person’s beneficial ownership of common stock reported as 4,002 shares after the transaction.
Negative
  • None.

Insights

TL;DR: Routine director equity compensation and a reported share acquisition; appears administrative rather than material.

The filing documents standard non‑employee director compensation and vesting activity. The 326 RSUs are a future equity award that will convert to common shares on vesting under the 2025 Stock Incentive Plan. The 442 RSUs previously vested per the 2018 plan and a corresponding non‑derivative entry shows 442 shares acquired without cash consideration, consistent with RSU settlement. For governance review, this is normal director compensation disclosure and does not indicate related‑party transactions or unusual transfers beyond plan terms.

TL;DR: Insignificant for valuation; small share movements from director awards and settlements.

The transactions increase the director’s direct common stock holdings to 4,002 shares and record granted RSUs totaling 326 units pending vesting. The acquisition price entries of $0 align with equity awards settling into shares rather than cash purchases. Given the modest share counts relative to a public company’s outstanding stock, these movements are routine insider reporting of compensation and settlement activity with limited market impact.

Mike Spanos, amministratore di Casey's General Stores Inc. (CASY), ha comunicato operazioni su azioni ordinarie e su unità azionarie vincolate (RSU). Il Modulo 4 indica un'acquisizione non derivata di 442 azioni a titolo gratuito, portando la sua partecipazione beneficiaria in azioni ordinarie a 4.002 azioni. La segnalazione riporta inoltre movimenti sulle RSU: sono state concesse 326 RSU (acquisizione non derivata) e sono annotate 442 RSU come transazione con codice M, senza RSU residue per quella voce. Il documento precisa che ogni RSU si converte in una azione alla maturazione e specifica che il premio di 326 RSU è compenso per amministratori non dipendenti che matura integralmente alla prossima assemblea annuale degli azionisti, mentre le 442 RSU si sono vestite all'assemblea annuale precedente.

Mike Spanos, director de Casey's General Stores Inc. (CASY), informó operaciones sobre acciones ordinarias y unidades restringidas (RSU). El Formulario 4 muestra una adquisición no derivada de 442 acciones sin desembolso en efectivo, elevando su participación beneficiaria en acciones ordinarias a 4.002 acciones. El informe también detalla movimiento de RSU: se otorgaron 326 RSU (adquisición no derivada) y se registraron 442 RSU como transacción bajo el código M, sin RSU restantes en esa línea. La presentación aclara que cada RSU se convierte en una acción al consolidarse y señala que la concesión de 326 RSU es remuneración para directores no empleados que vence por completo en la próxima junta anual de accionistas, mientras que las 442 RSU vencieron en la junta anual anterior.

케이시스 제너럴 스토어즈(CASY) 이사 마이크 스파노스는 보통주와 제한주식단위(RSU) 관련 주식거래를 신고했습니다. Form 4에는 현금 지불 없이 442주를 비파생 방식으로 취득하여 보유 유익지분이 4,002주가 되었다고 기재되어 있습니다. 신고서에는 RSU 거래도 보고되어 있는데, 326 RSU가 부여(비파생 취득)되었고 442 RSU는 코드 M으로 거래 신고되어 해당 항목에는 남은 RSU가 없다고 나옵니다. 신고서는 각 RSU가 베스팅 시 1주로 전환된다고 설명하며, 326 RSU는 차기 연례 주주총회에서 전액 베스팅되는 비임원 이사 보수로 분류되고, 442 RSU는 이전 연례총회에서 이미 베스팅되었다고 명시합니다.

Mike Spanos, administrateur de Casey's General Stores Inc. (CASY), a déclaré des opérations sur actions ordinaires et des unités d'actions restreintes (RSU). Le formulaire 4 indique une acquisition non dérivée de 442 actions sans paiement en espèces, portant sa détention bénéficiaire d'actions ordinaires à 4 002 actions. Le dépôt signale également des mouvements de RSU : 326 RSU ont été attribuées (acquisition non dérivée) et 442 RSU sont inscrites comme une transaction sous le code M, sans RSU restantes pour cette ligne. Le dossier précise que chaque RSU se convertit en une action lors du vesting et identifie l'attribution de 326 RSU comme rémunération des administrateurs non salariés, intégralement acquise lors de la prochaine assemblée générale annuelle, tandis que les 442 RSU avaient été acquises lors de l'assemblée annuelle précédente.

Mike Spanos, Direktor von Casey's General Stores Inc. (CASY), meldete Aktiengeschäfte mit Stammaktien und Restricted Stock Units (RSU). Das Form 4 weist einen nicht‑derivativen Erwerb von 442 Aktien ohne Barzahlung aus, wodurch sein wirtschaftlicher Besitz an Stammaktien auf 4.002 Aktien ansteigt. Die Meldung berichtet außerdem über RSU‑Bewegungen: Es wurden 326 RSUs gewährt (nicht‑derivativer Erwerb) und 442 RSUs als Transaktion unter Code M angegeben, wobei für diese Zeile keine RSUs verbleiben. Die Einreichung erklärt, dass jede RSU bei Vesting in eine Aktie umgewandelt wird und weist die 326‑RSU‑Zuteilung als Vergütung für nicht‑geschäftsführende Direktoren aus, die vollständig beim nächsten jährlichen Aktionärstreffen vestet, während die 442 RSUs bereits beim vorigen Jahrestreffen vested wurden.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Spanos Mike

(Last) (First) (Middle)
180 BEACH DRIVE NE
UNIT 1902

(Street)
ST. PETERSBURG FL 33701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CASEYS GENERAL STORES INC [ CASY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/03/2025 M 442 A $0 4,002 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted stock units (1) 09/04/2025 A 326 (2) (2) Common Stock 326 $0 326 D
Restricted stock units (1) 09/03/2025 M 442 (3) (3) Common Stock 442 $0 0 D
Explanation of Responses:
1. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
2. Non-employee director equity compensation pursuant to terms and conditions of 2025 Stock Incentive Plan. This award will vest in full on the date of Casey's 2026 annual shareholder's meeting.
3. Non-employee director equity compensation pursuant to terms and conditions of 2018 Stock Incentive Plan. This award vested in full on the date of Casey's 2025 annual shareholder's meeting.
Remarks:
Scott Faber, under Power of Attorney dated August 24, 2022 09/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did CASY director Mike Spanos report?

The Form 4 reports a non‑derivative acquisition of 442 shares and awards/settlements of restricted stock units totaling 768 RSUs reported across two lines (326 and 442) with 326 RSUs outstanding pending vesting.

How many shares does Mike Spanos beneficially own after the reported transactions?

The filing states he beneficially owns 4,002 shares of Casey's common stock following the reported transactions.

Are the reported restricted stock units (RSUs) immediately vested?

The filing explains the 326 RSU award vests in full at the next annual shareholders meeting, while the 442 RSU award vested at the prior annual meeting according to the document.

Do the transactions involve cash purchases?

No; the reported price for the share acquisition and RSU entries is listed as $0, consistent with equity awards settling into shares rather than cash purchases.

Under which plans were the RSU awards issued?

The 326 RSUs are issued under the 2025 Stock Incentive Plan and the 442 RSUs relate to the 2018 Stock Incentive Plan, per the filing explanations.
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