Casey’s (CASY) HR chief logs stock awards, RSU exercises and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Casey’s General Stores’ Chief HR Officer Chad Michael Frazell reported several equity compensation changes on June 15, 2026. He received a grant or award of 7,736 shares of Common Stock, including shares earned from performance-based restricted stock units under the 2024 long-term incentive program. On the same date, he exercised restricted stock units totaling 298, 245, and 344 units, each converting into an equal number of Common shares. To cover tax obligations, 3,600 Common shares were disposed of through a tax-withholding transaction at a share price of $872.39, the closing price on June 15, 2026. Following these transactions, he directly owned 16,436 Common shares, held 507 restricted stock units that each represent one future share of Common Stock, and had 401 Common shares allocated indirectly through a 401k plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
887 shares exercised/converted
Mixed
10 txns
Insider
FRAZELL CHAD MICHAEL
Role
Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted stock units | 344 | $0.00 | -- |
| Exercise | Restricted stock units | 245 | $0.00 | -- |
| Exercise | Restricted stock units | 298 | $0.00 | -- |
| Exercise | Common Stock | 344 | $0.00 | -- |
| Exercise | Common Stock | 245 | $0.00 | -- |
| Exercise | Common Stock | 298 | $0.00 | -- |
| Grant/Award | Common Stock | 7,736 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,600 | $872.39 | $3.14M |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted stock units — 0 shares (Direct, null);
Common Stock — 8,157 shares (Direct, null);
Common Stock — 401 shares (Indirect, Voting and tender rights under 401k plan)
Footnotes (1)
- 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. Closing price of Casey's General Stores, Inc. Common Stock on June 15, 2026. 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 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. 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
Tax-withheld shares: 3,600 shares
Equity award: 7,736 shares
RSU exercises: 298, 245, 344 units
+4 more
7 metrics
Tax-withheld shares
3,600 shares
Common Stock disposed to cover tax liability at $872.39 per share on June 15, 2026
Equity award
7,736 shares
Common Stock granted or awarded on June 15, 2026
RSU exercises
298, 245, 344 units
Restricted stock units converted into equal Common shares on June 15, 2026
Direct holdings after
16,436 shares
Common Stock directly owned following transactions on June 15, 2026
Remaining RSUs
507 units
Restricted stock units outstanding, each for one Common share
401k plan shares
401 shares
Common Stock allocated indirectly through 401k plan as of April 30, 2026
Closing share price
$872.39
Closing price of Common Stock on June 15, 2026 used for tax withholding
Key Terms
performance-based restricted stock units, 2018 Stock Incentive Plan, 2025 Stock Incentive Plan, long-term incentive compensation program, +2 more
6 terms
performance-based restricted stock units financial
"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."
long-term incentive compensation program financial
"under Casey's 2024 fiscal year long-term incentive compensation program"
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.
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
What did Casey’s (CASY) Chief HR Officer report in this Form 4?
The Chief HR Officer reported new equity awards, exercises of restricted stock units, and tax-withholding in shares. These updates reflect routine long-term incentive compensation activity rather than open-market buying or selling of Casey’s General Stores stock.
What restricted stock unit activity did Casey’s (CASY) Chief HR Officer report?
He reported multiple restricted stock unit exercises converting 298, 245, and 344 units into the same number of Common shares. Footnotes state these awards relate to long-term incentive plans, with some performance-based units vesting as criteria were satisfied on June 15, 2026.
What stock incentive plans are referenced in this Casey’s (CASY) Form 4?
The transactions reference Casey’s 2018 Stock Incentive Plan and 2025 Stock Incentive Plan. Footnotes explain that awards under these plans vest over several years, often in installments, and include performance-based restricted stock units tied to non-price performance criteria for future vesting.