Casey’s (CASY) HR chief sells 3,013 shares, retains 9,943-share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Casey’s General Stores Chief HR Officer Chad Michael Frazell reported open-market sales of company stock. On June 30, 2026, he sold a total of 3,013 shares of Common Stock in two transactions at weighted average prices around $787–$788 per share, according to the Form 4 data and footnotes.
After these sales, he directly owned 9,943 shares of Common Stock, plus 401 shares indirectly through a 401k plan account. He also holds restricted stock units that represent rights to receive 507, 596, and 245 shares of Common Stock upon future vesting under the company’s stock incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,013 shares ($2,372,711)
Net Sell
6 txns
Insider
FRAZELL CHAD MICHAEL
Role
Chief HR Officer
Sold
3,013 shs ($2.37M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,893 | $787.46 | $2.28M |
| Sale | Common Stock | 120 | $788.24 | $95K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,943 shares (Direct, null);
Restricted stock units — 245 shares (Direct, null);
Common Stock — 401 shares (Indirect, Voting and tender rights under 401k plan)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $787.18 to $788.06. The price reported above reflects a weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Allocated to 401k plan account as of April 30, 2026. Does not include any shares allocated by the plan trustee after that date. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock. Pursuant to the terms and conditions of the 2018 Stock Incentive Plan. The remainder of this award will vest 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. 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, 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. 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
Shares sold: 3,013 shares
First sale price: $788.24/share
Second sale price: $787.46/share
+5 more
8 metrics
Shares sold
3,013 shares
Open-market sales of Common Stock on June 30, 2026
First sale price
$788.24/share
Weighted average price for 120-share sale (range $787.18–$788.06)
Second sale price
$787.46/share
Weighted average price for 2,893-share sale
Direct shares after sales
9,943 shares
Common Stock directly owned following June 30, 2026 transactions
401k holdings
401 shares
Common Stock allocated to 401k plan account as of April 30, 2026
RSU underlying shares (award 1)
507 shares
Restricted stock units convertible into Common Stock after vesting
RSU underlying shares (award 2)
596 shares
Restricted stock units under 2018 Stock Incentive Plan
RSU underlying shares (award 3)
245 shares
Restricted stock units under 2025 Stock Incentive Plan
Key Terms
Restricted stock units, 401k plan, 2018 Stock Incentive Plan, 2025 Stock Incentive Plan, +2 more
6 terms
Restricted stock units financial
"Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
2018 Stock Incentive Plan financial
"Pursuant to the terms and conditions of the 2018 Stock Incentive Plan."
2025 Stock Incentive Plan financial
"Pursuant to terms and conditions of the 2025 Stock Incentive Plan."
performance-based restricted stock units financial
"Not included in the reported award amount is a target amount of performance-based restricted stock units."
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.
weighted average sale price financial
"The price reported above reflects a weighted average sale price."
FAQ
What did Casey’s (CASY) Chief HR Officer report in this Form 4?
He reported selling 3,013 shares of Common Stock on June 30, 2026 in open-market transactions. These sales were at weighted average prices around the high-$780s per share, and updated his reported ownership in Casey’s stock and related awards.
What restricted stock units does the Casey’s (CASY) insider hold?
He holds restricted stock units tied to 507, 596, and 245 underlying shares of Common Stock. Each unit represents the right to receive one share after vesting, subject to the terms of Casey’s 2018 and 2025 Stock Incentive Plans and related performance criteria.
Are performance-based restricted stock units included in the reported Casey’s (CASY) award amounts?
Footnotes state that target performance-based restricted stock units are not included in the reported award amounts. These units may vest in 2027, 2028, and 2029 only if specified performance criteria, other than just Casey’s stock price, are satisfied at those future dates.
What does the weighted average sale price disclosure mean for Casey’s (CASY) trades?
The filing notes that one transaction was executed in multiple trades within a price range from $787.18 to $788.06. The reported price is a weighted average sale price, and detailed trade-by-trade information is available upon request from the insider or issuer.