Casey’s (CASY) Chief HR Officer reports 507 new RSUs and updated holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Casey’s General Stores Chief HR Officer Chad Michael Frazell reported updated equity holdings, including a new compensation award. He received a grant of 507 restricted stock units, each representing one future share of common stock after vesting.
The new award was granted under the 2025 Stock Incentive Plan and will vest in three equal installments on June 15, 2027, June 15, 2028, and June 15, 2029. Frazell also reports existing time-based RSU awards from earlier plans, scheduled to vest between June 15, 2026 and June 15, 2028, along with separate performance-based RSU targets that will only be earned if specified performance criteria are met.
Following these updates, he holds 7,813 shares of common stock directly, 401 shares through a 401k plan, and multiple RSU awards that could convert into additional shares upon future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
FRAZELL CHAD MICHAEL
Role
Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 507 | $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 — 507 shares (Direct, null);
Common Stock — 7,813 shares (Direct, null);
Common Stock — 401 shares (Indirect, Voting and tender rights under 401k plan)
Footnotes (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.
Key Figures
New RSU grant: 507 restricted stock units
Direct common stock: 7,813 shares
401k plan shares: 401 shares
+3 more
6 metrics
New RSU grant
507 restricted stock units
Grant under 2025 Stock Incentive Plan
Direct common stock
7,813 shares
Common Stock held directly after reported transactions
401k plan shares
401 shares
Allocated to 401k plan account as of April 30, 2026
RSU block 1
344 underlying shares
Restricted stock units under 2018 Stock Incentive Plan
RSU block 2
490 underlying shares
Restricted stock units under 2018 Stock Incentive Plan
RSU block 3
894 underlying shares
Restricted stock units under 2018 Stock Incentive Plan
Key Terms
Restricted stock units, 2018 Stock Incentive Plan, 2025 Stock Incentive Plan, performance-based restricted stock units, +1 more
5 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.
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.
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 insider activity did Casey’s (CASY) report for Chad Michael Frazell?
Casey’s reported that Chief HR Officer Chad Michael Frazell received a grant of 507 restricted stock units. The filing also updates his existing share and RSU holdings, reflecting ongoing equity-based compensation rather than any open-market stock purchases or sales.
How many restricted stock units were granted to the Casey’s (CASY) Chief HR Officer?
The Chief HR Officer received a grant of 507 restricted stock units. Each unit represents the right to receive one share of Casey’s common stock after vesting, providing additional long-term, stock-based compensation tied to future service and performance conditions.
What is the vesting schedule for the new Casey’s (CASY) RSU grant?
The 507 restricted stock units will vest in three equal installments on June 15, 2027, June 15, 2028, and June 15, 2029. Vesting is governed by the 2025 Stock Incentive Plan and requires continued service through each vesting date.
What existing RSU awards does the Casey’s (CASY) executive still hold?
The executive reports several existing RSU awards under the 2018 Stock Incentive Plan, tied to 344, 490, and 894 underlying shares. These remaining awards are scheduled to vest in installments between June 15, 2026 and June 15, 2028, subject to plan terms.
Does the Casey’s (CASY) Form 4 include performance-based RSUs?
Yes. The footnotes describe target amounts of performance-based restricted stock units that may vest on June 15, 2026, 2027, 2028, and 2029. These awards depend on satisfying specified performance criteria, so final earned amounts will be reported only when they vest.