Casey’s General Stores (CASY) CMO reports 9,246-share award and tax withholding
Rhea-AI Filing Summary
CASEY'S GENERAL STORES INC Chief Merchandising Officer Thomas P. Brennan Jr. reported several equity compensation transactions on June 15, 2026. He received a grant or award of 9,246 shares of common stock, reflecting performance-based restricted stock units earned under the company’s long-term incentive plans.
On the same date, he exercised restricted stock units to acquire additional common shares and had 4,435 shares withheld at $872.39 per share to cover tax obligations, rather than selling shares in the open market. Following these transactions, he directly owns 18,606 shares of common stock and holds 737 restricted stock units, with an additional 402 shares allocated indirectly through a 401k plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,837 shares
Net Buy
10 txns
Insider
Brennan Thomas P JR
Role
Chief Merch. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted stock units | 411 | $0.00 | $0.00 |
| Exercise | Restricted stock units | 297 | $0.00 | $0.00 |
| Exercise | Restricted stock units | 318 | $0.00 | $0.00 |
| Exercise | Common Stock | 411 | $0.00 | $0.00 |
| Exercise | Common Stock | 297 | $0.00 | $0.00 |
| Exercise | Common Stock | 318 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 9,246 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,435 | $872.39 | $3.87M |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted stock units — 1,671 shares (Direct);
Common Stock — 14,171 shares (Direct);
Common Stock — 402 shares (Indirect, Voting and tender rights under 401k plan)
Footnotes (8)
- F1. 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.
- F2. Closing price of Casey's General Stores, Inc. Common Stock on June 15, 2026.
- F3. Allocated to 401k plan account as of April 30, 2026. Does not include any shares allocated by the plan trustee after that date.
- F4. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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
Stock award: 9,246 shares
Tax-withholding shares: 4,435 shares
Tax-withholding price: $872.39 per share
+4 more
7 metrics
Stock award
9,246 shares
Common stock grant/award on June 15, 2026
Tax-withholding shares
4,435 shares
Shares withheld to cover tax liabilities on June 15, 2026
Tax-withholding price
$872.39 per share
Closing price of common stock on June 15, 2026
RSU exercises
1,026 units
Restricted stock units exercised into common stock
Direct common shares owned
18,606 shares
Direct ownership after transactions on June 15, 2026
Remaining RSUs
737 units
Restricted stock units outstanding, each for one common share
401k plan shares
402 shares
Common stock allocated to 401k plan account as of April 30, 2026
Key Terms
Restricted stock units, performance-based restricted stock units, 2018 Stock Incentive Plan, 2025 Stock Incentive Plan, +2 more
6 terms
Restricted stock units financial
"security_title: "Restricted stock units" and related footnotes on 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.
performance-based restricted stock units financial
"earned upon the vesting of performance-based restricted stock units under Casey's 2024 fiscal year 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"
2025 Stock Incentive Plan financial
"Pursuant to terms and conditions of the 2025 Stock Incentive Plan"
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 account financial
"Allocated to 401k plan account as of April 30, 2026"
FAQ
What did Casey's (CASY) Chief Merchandising Officer report in this Form 4?
The Chief Merchandising Officer reported equity compensation activity, including a grant of 9,246 Casey’s common shares and exercises of restricted stock units, along with shares withheld to cover related tax obligations, all dated June 15, 2026.
What are Thomas P. Brennan Jr.’s Casey's (CASY) holdings after these transactions?
After the reported transactions, he directly owns 18,606 Casey’s common shares, holds 737 restricted stock units, and has 402 additional shares allocated indirectly through a 401k plan account as of April 30, 2026.
How many restricted stock units were exercised in this Casey's (CASY) filing?
The filing shows derivative exercises of restricted stock units totaling 1,026 units into common stock. Individual transactions of 318, 297, and 411 units each converted, consistent with the company’s stock incentive plan terms.
What price was used for the Casey's (CASY) tax-withholding transaction?
The tax-withholding disposition used a price of $872.39 per Casey’s share. A footnote explains this was the closing price of Casey’s common stock on June 15, 2026, when the equity awards vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
