Casey’s CLO receives stock awards, covers tax with shares
Casey’s General Stores’ Chief Legal Officer Katrina S. Lindsey reported several equity compensation events on Common Stock and restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
Casey’s General Stores’ Chief Legal Officer Katrina S. Lindsey reported several equity compensation events on Common Stock and restricted stock units. She received a grant of 7,096 shares of Common Stock as a stock award and exercised performance-based restricted stock units into additional Common Stock. To cover tax obligations, 3,299 shares of Common Stock were disposed of as a tax-withholding transaction at $872.39 per share, the closing price on June 15, 2026. After these transactions, she held 11,967 Common shares directly, plus 190 shares indirectly through 401k plan voting and tender rights and 503 underlying shares tied to remaining restricted stock units.
Insider Trade Summary
832 shares exercised/converted
Exercise
10 txns
Insider
Lindsey Katrina S
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted stock units | 316 | $0.00 | $0.00 |
| Exercise | Restricted stock units | 245 | $0.00 | $0.00 |
| Exercise | Restricted stock units | 271 | $0.00 | $0.00 |
| Exercise | Common Stock | 316 | $0.00 | $0.00 |
| Exercise | Common Stock | 245 | $0.00 | $0.00 |
| Exercise | Common Stock | 271 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,096 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,299 | $872.39 | $2.88M |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted stock units — 1,290 contracts for 503 underlying shares (Direct);
Common Stock — 8,668 shares (Direct);
Common Stock — 190 shares (Indirect, Voting and tender rights under 401k plan)
Footnotes (8)
- F1. Represents the number of shares of Common Stock earned upon the vesting of performance-based restricted stock units under Casey's 2024 fiscal year long-term incentive compensation program.
- F2. Closing price of Casey's General Stores, Inc. Common Stock on June 15, 2026.
- F3. Allocated to 401k plan account as of April 30, 2026. Does not include any shares allocated by the plan trustee after that date.
- F4. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
- F5. Pursuant to terms and conditions of 2018 Stock Incentive Plan. This award vested on June 15, 2026. Not included in the reported award amount is a target amount of performance-based restricted stock units that vested on June 15, 2026, but which are subject to the satisfaction of certain performance criteria other than solely the price of Casey's Common Stock; the final amount of shares earned is reflected above.
- F6. Pursuant to the terms and conditions of the 2018 Stock Incentive Plan. The remainder of this award will vest in equal installments on June 15, 2027. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2027, but which are subject to the satisfaction of certain performance criteria other than solely the price of Casey's Common Stock; the final amount of shares earned, if any, will be reported upon vest and satisfaction of those performance measures.
- F7. Pursuant to terms and conditions of 2018 Stock Incentive Plan. The remainder of this award will vest in equal installments on June 15, 2027 and June 15, 2028. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2028, but which are subject to the satisfaction of certain performance criteria other than solely the price of Casey's Common Stock; the final amount of shares earned, if any, will be reported upon vest and satisfaction of those performance measures.
- F8. Pursuant to terms and conditions of the 2025 Stock Incentive Plan. This award will vest in equal installments on June 15, 2027, June 15, 2028, and June 15, 2029. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2029, but which are subject to the satisfaction of certain performance criteria other than solely the price of Casey's Common Stock; the final amount of shares earned, if any, will be reported upon vest and satisfaction of those performance measures.
Key Figures
Stock award: 7,096 shares
Tax withholding shares: 3,299 shares
Tax withholding price: $872.39 per share
+4 more
7 metrics
Stock award
7,096 shares
Common Stock grant/award acquisition on June 15, 2026
Tax withholding shares
3,299 shares
Shares delivered to pay tax liability on June 15, 2026
Tax withholding price
$872.39 per share
Closing price of Common Stock on June 15, 2026
Derivative exercises
832 shares
Total shares from three RSU derivative exercises (M code)
Direct Common Stock holdings
11,967 shares
Shares of Common Stock held directly after transactions
Indirect 401k holdings
190 shares
Common shares with voting and tender rights under 401k plan
RSU underlying shares
503 shares
Common Stock underlying remaining restricted stock units
Key Terms
performance-based restricted stock units, 2018 Stock Incentive Plan, 2025 Stock Incentive Plan, tax-withholding disposition, +2 more
6 terms
performance-based restricted stock units financial
"Represents the number of shares of Common Stock earned upon the vesting of performance-based restricted stock units under Casey's 2024 fiscal year long-term incentive compensation program."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
2018 Stock Incentive Plan financial
"Pursuant to terms and conditions of 2018 Stock Incentive Plan. This award vested on June 15, 2026."
2025 Stock Incentive Plan financial
"Pursuant to terms and conditions of the 2025 Stock Incentive Plan. This award will vest in equal installments on June 15, 2027, June 15, 2028, and June 15, 2029."
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
long-term incentive compensation program financial
"under Casey's 2024 fiscal year long-term incentive compensation program."
401k plan financial
"Allocated to 401k plan account as of April 30, 2026."
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Casey's (CASY) Chief Legal Officer report in this Form 4?
The filing shows Katrina S. Lindsey received a 7,096-share stock award, exercised performance-based restricted stock units into Common Stock, and had 3,299 shares withheld to satisfy tax obligations, updating her direct, indirect, and RSU-linked holdings in Casey’s General Stores.
What are performance-based restricted stock units mentioned for Casey's (CASY)?
Performance-based restricted stock units are awards that convert into Common Stock only after vesting and meeting performance criteria. Footnotes explain each unit represents one share upon vesting, with certain units tied to Casey’s 2024 fiscal year long-term incentive compensation program and stock incentive plans.
How do future vesting schedules affect Casey's (CASY) CLO’s equity awards?
Footnotes indicate portions of awards will vest in equal installments on June 15, 2027, June 15, 2028, and June 15, 2029. Additional performance-based restricted stock units may be earned upon meeting specified performance criteria, with final earned amounts to be reported upon future vesting events.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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