CASY Form 4: Director receives RSUs and DRIP shares, holdings rise to 7,489

Rhea-AI Filing Summary

Larree M. Renda, a director of Casey's General Stores, acquired equity through company director compensation and dividend reinvestment. The Form 4 shows 442 shares of Common Stock reported on 09/03/2025 (transaction code M) resulting in 7,489 shares beneficially owned after the transaction, which includes 70 shares from the dividend reinvestment plan. The filing also reports restricted stock units: 326 RSUs granted 09/04/2025 that will convert to 326 shares upon vesting, and 442 RSUs associated with 09/03/2025 which vested and correspond to 442 shares. The RSU awards are described as non-employee director equity compensation under the 2025 and 2018 Stock Incentive Plans.

Positive

• Reported increase in beneficial ownership to 7,489 shares following compensation and reinvestment
• Transparent disclosure of RSU awards, vesting schedule, and dividend reinvestment amount (70 shares)
• Compensation tied to formal plans (2018 and 2025 Stock Incentive Plans) with vesting details provided

Negative

• None.

Insights

Financial Analyst

TL;DR Director received equity compensation increasing beneficial ownership modestly; no cash purchase disclosed.

The reported transactions are equity compensation and dividend reinvestment events rather than open-market purchases. Total beneficial ownership after the reported 09/03/2025 activity is 7,489 shares, including 70 shares from dividend reinvestment. The filing shows RSU grants under the 2025 Stock Incentive Plan that will vest on the 2026 annual meeting and previously vested RSUs under the 2018 plan. These are routine director compensation mechanics and do not disclose cash proceeds or sales.

Corporate Governance Expert

TL;DR Routine director equity awards and DRIP activity documented; vesting and plan references are specified.

The Form 4 properly discloses compensation-related equity events: newly reported RSU awards and vested RSUs tied to the 2018 and 2025 Stock Incentive Plans, plus dividend reinvestment shares. The form identifies the reporting person as a director and indicates awards are non-employee director compensation. Disclosure includes vesting timing for the 2025-plan award (vests at the 2026 annual shareholders meeting) and confirms the 2018-plan award vested at the 2025 annual meeting. No amendments or additional arrangements are described.

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

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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^*

RENDA LARREE M

(Last) (First) (Middle)

5517 E CALLE IN REDONDA

(Street)

PHOENIX AZ 85018

(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	7,489(1)	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	(2)	09/04/2025		A		326		(3)	(3)	Common Stock	326	$0	326	D
Restricted stock units	(2)	09/03/2025		M			442	(4)	(4)	Common Stock	442	$0	0	D

Explanation of Responses:

1. Includes 70 shares acquired through dividend reinvestment plan.

2. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.

3. 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.

4. 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 March 3, 2017	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).
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FAQ

What transactions did Larree M. Renda report on Form 4 for CASY?

The Form 4 reports acquisition of 442 shares of Common Stock on 09/03/2025, 326 RSUs granted on 09/04/2025, and vested RSUs of 442 related to 09/03/2025.

How many shares does Larree Renda beneficially own after the reported transactions?

7,489 shares beneficially owned following the reported 09/03/2025 transaction.

Did the filing show any cash purchase price for the reported shares (CASY)?

The reported Common Stock and RSU conversions show a price of $0, indicating these were compensation or vesting-related events rather than cash purchases.

Were any dividend reinvestment shares reported for CASY insider activity?

Yes. The filing explicitly states that 70 shares are included as acquired through the dividend reinvestment plan.

What plans govern the RSU awards disclosed in the CASY Form 4?

The RSU awards are described as non-employee director equity compensation under the 2018 Stock Incentive Plan and the 2025 Stock Incentive Plan.