Casey’s (CASY) CEO gets major stock awards, shares withheld for tax
Rhea-AI Filing Summary
Casey’s General Stores President and CEO Darren Rebelez reported several equity compensation events on Common Stock and restricted stock units. He received a grant or award of 54,486 shares of Common Stock, increasing his direct Common Stock holdings to 134,233 shares after the transactions.
He also exercised restricted stock units into a total of 6,032 shares of Common Stock. To cover tax obligations, 26,059 Common shares were disposed of via tax withholding at a price of $872.39 per share, noted as the closing price on June 15, 2026. Following these awards and exercises, he holds indirect voting and tender rights over 535 Common shares through a 401k plan and retains restricted stock units representing 3,084 underlying Common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 34,459 shares
Net Buy
10 txns
Insider
REBELEZ DARREN M
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted stock units | 2,422 | $0.00 | $0.00 |
| Exercise | Restricted stock units | 1,873 | $0.00 | $0.00 |
| Exercise | Restricted stock units | 1,737 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,422 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,873 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,737 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 54,486 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 26,059 | $872.39 | $22.73M |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted stock units — 8,432 shares (Direct);
Common Stock — 108,174 shares (Direct);
Common Stock — 535 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 terms and conditions of 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 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
Common Stock award: 54,486 shares
Tax-withholding shares: 26,059 shares
Tax-withholding price: $872.39 per share
+4 more
7 metrics
Common Stock award
54,486 shares
Grant/award of Common Stock on June 15, 2026
Tax-withholding shares
26,059 shares
Shares disposed to cover tax obligations
Tax-withholding price
$872.39 per share
Closing Common Stock price on June 15, 2026
RSU exercises into Common
6,032 shares
Total Common shares from derivative exercises (M code)
Direct Common holdings after award
134,233 shares
Direct Common Stock position following non-derivative transactions
Indirect 401k holdings
535 shares
Voting and tender rights via 401k plan as of April 30, 2026
RSUs outstanding
3,084 underlying shares
Restricted stock units referencing Common Stock, direct ownership
Key Terms
Restricted stock units, performance-based restricted stock units, tax-withholding disposition, 2018 Stock Incentive Plan, +2 more
6 terms
Restricted stock units financial
"The CEO holds restricted stock units representing 3,084 underlying shares 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.
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities, a tax-withholding disposition of 26,059 shares."
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.
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 2025 Stock Incentive Plan. This award will vest in equal installments on June 15, 2027, June 15, 2028 and June 15, 2029."
401k plan financial
"Allocated to 401k plan account as of April 30, 2026. Does not include any shares allocated by the plan trustee after that date."
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) CEO Darren Rebelez report in this Form 4?
Darren Rebelez reported multiple equity compensation transactions, including a grant of 54,486 shares of Common Stock, exercises of restricted stock units into 6,032 shares, and tax withholding on 26,059 shares, reflecting routine stock-based compensation activity.
What stock award did Casey's (CASY) CEO receive on June 15, 2026?
On June 15, 2026, the CEO received a grant or award of 54,486 shares of Casey’s Common Stock. Footnotes state these shares were earned under long-term incentive compensation programs and stock incentive plans with performance-based restricted stock unit vesting conditions.
How were taxes handled on Casey's (CASY) CEO equity vesting?
To satisfy tax obligations, 26,059 shares of Casey’s Common Stock were disposed of through tax withholding at a price of $872.39 per share. This method uses newly vested shares to pay required taxes instead of a separate cash payment by the executive.
What restricted stock units does Casey's (CASY) CEO still hold?
Following these transactions, the CEO holds restricted stock units representing 3,084 underlying shares of Common Stock. These units vest over future dates under the company’s 2018 and 2025 Stock Incentive Plans, subject to specified performance criteria and service-based vesting schedules.
Are Casey's (CASY) CEO transactions open-market buys or sales?
The reported transactions are mainly grants and exercises of equity awards, plus tax-withholding dispositions of shares. They do not include open-market purchases or sales; instead, they reflect compensation-related activity under Casey’s stock incentive and long-term incentive programs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
