Casey's director gets 220 RSUs, 326 shares vest

Casey’s director Donald Frieson reported routine equity awards and RSU vesting that increased his directly held Common Stock to 3,922 shares.

Rhea-AI Filing Summary

CASEYS GENERAL STORES INC (CASY) director Donald Frieson reported equity compensation activity on September 2, 2026. He received a grant of 220 restricted stock units under the 2025 Stock Incentive Plan, scheduled to vest in full at Casey's 2027 annual shareholder meeting. On the same date, 326 restricted stock units vested and were exercised, converting into 326 shares of Common Stock, bringing his directly held Common Stock to 3,922 shares. Each restricted stock unit represents the right to receive one share of Common Stock upon vesting, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

326 shares exercised/converted

Exercise 3 txns

Insider Frieson Donald

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted stock units F1, F2	220	$0.00	$0.00
Exercise	Restricted stock units F1, F3	326	$0.00	$0.00
Exercise	Common Stock	326	$0.00	$0.00

Holdings After Transaction: Restricted stock units — 220 contracts (Direct); Common Stock — 3,922 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
2. F2. Non-employee director equity compensation pursuant to terms and conditions of 2025 Stock Incentive Plan. This award will vest in full on the date of Casey's 2027 annual shareholder's meeting.
3. F3. Non-employee director equity compensation pursuant to terms and conditions of 2025 Stock Incentive Plan. This award vested in full on the date of Casey's 2026 annual shareholder's meeting.

Key Figures

Restricted stock units granted: 220 units Restricted stock units vested and exercised: 326 units Common Stock acquired from RSU exercise: 326 shares +2 more

5 metrics

Restricted stock units granted 220 units Non-employee director equity grant on September 2, 2026 under 2025 Stock Incentive Plan

Restricted stock units vested and exercised 326 units RSUs vested at Casey’s 2026 annual shareholder meeting and converted on September 2, 2026

Common Stock acquired from RSU exercise 326 shares Shares received upon RSU exercise on September 2, 2026

Common Stock directly held after transactions 3,922 shares Direct holdings of Donald Frieson after September 2, 2026 transactions

Transaction date September 2, 2026 Date of reported RSU grant and exercise for CASY

Key Terms

Restricted stock units, 2025 Stock Incentive Plan, Non-employee director equity compensation

3 terms

Restricted stock units financial

"Each restricted stock unit represents the right to receive, following vesting"

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.

2025 Stock Incentive Plan financial

"Non-employee director equity compensation pursuant to terms and conditions of 2025 Stock Incentive Plan"

Non-employee director equity compensation financial

"Non-employee director equity compensation pursuant to terms and conditions"

FAQ

What insider transactions did CASEY'S GENERAL STORES (CASY) director Donald Frieson report?

Donald Frieson reported a grant of 220 restricted stock units and the vesting and exercise of 326 restricted stock units into 326 Common shares on September 2, 2026, as part of non-employee director equity compensation.

How many CASEY'S GENERAL STORES (CASY) shares does Donald Frieson hold after these transactions?

After the September 2, 2026 transactions, Donald Frieson directly holds 3,922 shares of Common Stock of Casey’s General Stores Inc.

What equity award did Donald Frieson receive from CASY on September 2, 2026?

On September 2, 2026, Donald Frieson received a grant of 220 restricted stock units as non-employee director equity compensation under Casey’s 2025 Stock Incentive Plan.

When will Donald Frieson’s new CASY restricted stock units vest?

The 220 restricted stock units granted to Donald Frieson will vest in full on the date of Casey’s 2027 annual shareholder meeting, according to the plan terms.

Were Donald Frieson’s CASY Form 4 transactions under a Rule 10b5-1 plan?

No. The Form 4 indicates no Rule 10b5-1 trading plan for the reported transactions involving Casey’s General Stores Inc. securities.

What happened to the 326 CASY restricted stock units mentioned in the filing?

The 326 restricted stock units were non-employee director equity compensation that vested in full on the date of Casey’s 2026 annual shareholder meeting and were exercised into 326 shares of Common Stock on September 2, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/04/2026 - 06:23 PM Accepted by SEC EDGAR 09/04/2026 - 06:22 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Frieson Donald

(Last) (First) (Middle)

8406 BROADSTONE COURT

(Street)

BRADENTON FLORIDA 34202

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/02/2026		M		326	A	$0	3,922	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted stock units	(1)	09/02/2026		A		220		(2)	(2)	Common Stock	220	$0	220	D
Restricted stock units	(1)	09/02/2026		M			326	(3)	(3)	Common Stock	326	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.

2. Non-employee director equity compensation pursuant to terms and conditions of 2025 Stock Incentive Plan. This award will vest in full on the date of Casey's 2027 annual shareholder's meeting.

3. Non-employee director equity compensation pursuant to terms and conditions of 2025 Stock Incentive Plan. This award vested in full on the date of Casey's 2026 annual shareholder's meeting.

Remarks:

Ex. 24- Power of Attorney

	Erika Bertrand, under Power of Attorney dated September 3, 2025	09/04/2026
	** Signature of Reporting Person	Date
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)