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

Rhea-AI Filing Summary

Judy Schmeling, a director of Casey's General Stores Inc. (CASY), reported several equity transactions dated September 3-4, 2025. The Form 4 shows an acquisition on 09/03/2025 of 442 shares of Common Stock (transaction code M) at a reported price of $0, leaving 4,988 shares beneficially owned. The filing also reports restricted stock unit (RSU) activity: on 09/04/2025 an award of 326 RSUs (code A) resulting in 326 underlying shares; and on 09/03/2025 an RSU entry for 442 units (code M) with 0 shares reported as beneficially owned following the transaction. Explanations state each RSU converts to one share when vested and that these awards are director compensation under the company’s 2018 and 2025 Stock Incentive Plans.

Insights

Securities Compliance Analyst

TL;DR: Routine director equity compensation reported; filings document RSU grants and an acquisition reflecting standard Form 4 disclosures.

The Form 4 is consistent with required Section 16 reporting for a non-employee director. It discloses a total of 442 common shares acquired on 09/03/2025 and RSU activity of 326 and 442 units across 09/04/2025 and 09/03/2025 respectively. The filing notes the 2018 award vested at the 2025 annual meeting and the 2025 award vests at the 2026 annual meeting, clarifying timing and plan source. From a compliance standpoint the report appears complete with a signature executed under power of attorney.

Corporate Governance Specialist

TL;DR: Disclosure reflects routine director compensation structure with time-based RSU vesting; no unusual insider trading indicated.

The submission identifies the reporting person as a director and ties awards to the company’s 2018 and 2025 Stock Incentive Plans. The schedule distinguishes vested (2018 plan) versus future-vesting (2025 plan) RSUs and reports resulting beneficial ownership counts. These are standard governance disclosures showing alignment via equity grants and proper reporting of vesting events.

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
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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^*

SCHMELING JUDY

(Last) (First) (Middle)

13624 DIAMOND HEAD DRIVE

(Street)

TAMPA FL 33624

(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	4,988	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 April 2, 2018	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 transactions did Judy Schmeling report on the CASY Form 4?

The Form 4 reports acquisition of 442 Common Stock shares on 09/03/2025 and restricted stock unit activity of 326 RSUs on 09/04/2025 and 442 RSUs on 09/03/2025.

How many Casey's (CASY) shares does Judy Schmeling beneficially own after the reported transaction?

The filing shows 4,988 shares of Common Stock beneficially owned following the 09/03/2025 transaction.

What do the restricted stock unit (RSU) entries represent on this Form 4?

Each RSU represents the right to receive one share of Common Stock upon vesting, per the explanations in the filing.

Which equity plans are the RSU awards tied to in the CASY filing?

The filing cites the 2018 Stock Incentive Plan (vested award) and the 2025 Stock Incentive Plan (award that vests at the 2026 annual shareholders meeting).

Was the Form 4 signed or filed under power of attorney?

Yes; the filing shows execution by Scott Faber, under Power of Attorney dated April 2, 2018, with a filing date of 09/05/2025.