Casey’s General Stores (CASY) CEO updates holdings and RSU vesting

Rhea-AI Filing Summary

Casey's General Stores' President and CEO, who is also a director, reported an equity transaction dated 12/17/2025. The filing shows a disposition coded "G" of 8,825 shares of Common Stock at a stated price of $0, leaving 81,015 shares owned directly after the transaction and 499 shares held indirectly through voting and tender rights under the company's 401(k) plan.

The reporting person also holds several restricted stock unit (RSU) awards under the 2018 Stock Incentive Plan. These RSUs each represent the right to receive one share of Common Stock upon vesting, with specific awards covering 5,211, 3,747, and 2,422 underlying shares. The awards vest in installments on June 15, 2026, June 15, 2027, and June 15, 2028, with additional performance-based RSUs to be reported when performance conditions are satisfied.

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^*

REBELEZ DARREN M

(Last) (First) (Middle)

ONE SE CONVENIENCE BOULEVARD

(Street)

ANKENY IA 50021

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	12/17/2025		G		8,825	D	$0	81,015	D
Common Stock								499(1)	I	Voting 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted stock units	(2)							(3)	(3)	Common Stock	5,211		5,211	D
Restricted stock units	(2)							(4)	(4)	Common Stock	3,747		3,747	D
Restricted stock units	(2)							(5)	(5)	Common Stock	2,422		2,422	D

Explanation of Responses:

1. Allocated to 401k plan account as of April 30, 2025. 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 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.

4. 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.

5. 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 11, 2025	12/18/2025
	** 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.

FAQ

What insider transaction did Casey's (CASY) report for 12/17/2025?

The President and CEO of Casey's General Stores, who is also a director, reported a code "G" transaction on 12/17/2025 involving the disposition of 8,825 shares of Common Stock at a stated price of $0.

How many Casey's (CASY) shares does the CEO own after the reported transaction?

Following the reported transaction, the reporting person beneficially owns 81,015 shares of Common Stock directly and 499 shares indirectly through voting and tender rights under the company's 401(k) plan.

What indirect Casey's (CASY) holdings are reported under the 401(k) plan?

The filing states that 499 shares are allocated to the reporting person's account under the 401(k) plan as of April 30, 2025, excluding any additional shares allocated by the plan trustee after that date.

What restricted stock units (RSUs) does the Casey's (CASY) CEO hold?

The reporting person holds several restricted stock unit awards, each representing the right to receive one share of Common Stock upon vesting. Separate awards cover 5,211, 3,747, and 2,422 underlying shares of Common Stock.

When do the Casey's (CASY) RSU awards reported in this filing vest?

According to the terms of the 2018 Stock Incentive Plan, the RSU awards vest in equal installments or in full on June 15, 2026, June 15, 2027, and June 15, 2028, depending on the specific award, with certain performance-based RSUs vesting only upon satisfaction of performance criteria.

Are there performance-based RSUs mentioned for Casey's (CASY) in this report?

Yes. The footnotes state that performance-based restricted stock units are tied to awards scheduled to vest on June 15, 2026, June 15, 2027, and June 15, 2028. The final number of shares earned, if any, will be reported when those performance measures are satisfied and the units vest.