STOCK TITAN

Casey’s (NASDAQ: CASY) CMO receives 737 RSUs and reports updated holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Casey's General Stores Chief Merchandising Officer Thomas P. Brennan Jr. reported updated equity holdings. He received a grant of 737 restricted stock units, each representing one share of common stock, at an exercise price of $0.00 per unit.

Following this grant, he holds 8,334 shares of common stock directly and 402 shares indirectly through a 401k plan account as of April 30, 2026. He also has multiple outstanding restricted stock unit awards covering 411, 593 and 956 underlying shares, plus the new 737-unit award, which vest in installments between June 15, 2026 and June 15, 2029 under the company’s 2018 and 2025 Stock Incentive Plans, including additional performance-based units that will only be determined at future vesting dates.

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Insider Brennan Thomas P JR
Role Chief Merch. Officer
Type Security Shares Price Value
Grant/Award Restricted stock units 737 $0.00 --
holding Restricted stock units -- -- --
holding Restricted stock units -- -- --
holding Restricted stock units -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted stock units — 737 shares (Direct, null); Common Stock — 8,334 shares (Direct, null); Common Stock — 402 shares (Indirect, Voting and tender rights under 401k plan)
Footnotes (1)
  1. 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 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. Pursuant to the terms and conditions of the 2018 Stock Incentive Plan, this award will vest in equal installments on June 15, 2026, 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 the terms and conditions of the 2018 Stock Incentive Plan. The remainder of this award will vest in equal installments on June 15, 2026, and 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 terms and conditions of 2018 Stock Incentive Plan. The remainder of this award will vest on June 15, 2026. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest 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, if any, will be reported upon vest and satisfaction of those performance measures.
New RSU grant 737 restricted stock units Grant under 2025 Stock Incentive Plan
Direct common shares 8,334 shares Common Stock held directly after reported transactions
401k plan shares 402 shares Allocated to 401k account as of April 30, 2026
RSU award 1 411 underlying shares Restricted stock units, direct ownership
RSU award 2 593 underlying shares Restricted stock units, direct ownership
RSU award 3 956 underlying shares Restricted stock units, direct ownership
RSU exercise price $0.00 per unit All listed restricted stock units
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, this award will vest in equal installments..."
2025 Stock Incentive Plan financial
"Pursuant to terms and conditions of the 2025 Stock Incentive Plan. This award will vest in equal installments..."
performance-based restricted stock units financial
"Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest..."
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.
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SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
Brennan Thomas P JR

(Last)(First)(Middle)
ONE SE CONVENIENCE BOULEVARD

(Street)
ANKENY IOWA 50021

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CASEYS GENERAL STORES INC [ CASY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Merch. Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock8,334D
Common Stock402(1)IVoting and tender rights under 401k plan
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted stock units(2)06/03/2026A737 (3) (3)Common Stock737$0737D
Restricted stock units(2) (4) (4)Common Stock956956D
Restricted stock units(2) (5) (5)Common Stock593593D
Restricted stock units(2) (6) (6)Common Stock411411D
Explanation of Responses:
1. Allocated to 401k plan account as of April 30, 2026. Does not include any shares allocated by the plan trustee after that date.
2. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
3. 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.
4. Pursuant to the terms and conditions of the 2018 Stock Incentive Plan, this award will vest in equal installments on June 15, 2026, 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.
5. 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, 2026, and 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.
6. Pursuant to terms and conditions of 2018 Stock Incentive Plan. The remainder of this award will vest on June 15, 2026. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest 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, if any, will be reported upon vest and satisfaction of those performance measures.
Remarks:
Erika Bertrand, under Power of Attorney dated December 12, 202506/05/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Casey's (CASY) Chief Merchandising Officer report in this Form 4?

The Chief Merchandising Officer reported a new grant of 737 restricted stock units and updated share holdings. He now holds 8,334 common shares directly, 402 shares via a 401k plan, and several time-based restricted stock unit awards plus performance-based units vesting through 2029.

How many new restricted stock units did the CASY executive receive?

He received 737 new restricted stock units with a zero exercise price. Each unit represents the right to receive one share of Casey’s common stock following vesting, under the 2025 Stock Incentive Plan, in addition to previously granted restricted stock unit awards.

When will the new Casey's (CASY) restricted stock unit award vest?

The new 737-unit restricted stock award will vest in three equal installments on June 15, 2027, June 15, 2028, and June 15, 2029. Additional performance-based restricted stock units tied to this grant may vest on June 15, 2029, depending on satisfaction of stated performance criteria.

What common stock holdings does the CASY executive report after these transactions?

He reports 8,334 shares of Casey’s common stock held directly and 402 shares allocated to his 401k plan account as of April 30, 2026. These positions complement his various restricted stock unit awards that convert into common stock upon future vesting dates.

What existing restricted stock unit awards does the CASY filing describe?

The filing shows several restricted stock unit awards covering 411, 593 and 956 underlying shares of common stock. These awards were granted under the 2018 Stock Incentive Plan and are scheduled to vest in equal installments on June 15, 2026, 2027 and 2028, subject to vesting terms.

Are there performance-based restricted stock units mentioned for Casey's (CASY) executive?

Yes. For multiple awards, the filing notes target amounts of performance-based restricted stock units that may vest in 2026, 2027, 2028 and 2029. The final number of shares earned will only be determined upon vesting after specific performance criteria are satisfied.