CASEYS GENERAL STORES INC·4

Jun 17, 4:17 PM ET

Bramlage Stephen P JR 4

Research Summary

AI-generated summary

Updated

Casey's (CASY) CFO Stephen Bramlage Receives Award; $6.35M Withholding

What Happened

  • Stephen P. Bramlage Jr., Chief Financial Officer of Casey's General Stores, Inc. (CASY), received 15,206 shares on June 15, 2026 upon vesting of restricted stock units. Several derivative conversions also occurred (small lots of 676, 487 and 492 shares).
  • To satisfy tax withholding obligations, 7,278 shares were surrendered/withheld on June 15, 2026 at the closing price of $872.39, producing proceeds of $6,349,254. The RSU conversions show $0 exercise price — these were vesting/conversion events rather than a cash option purchase.

Key Details

  • Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely).
  • Awarded/converted shares: 15,206 shares from vested RSUs (plus conversions of 676, 487, 492 shares shown).
  • Shares withheld/surrendered for taxes: 7,278 shares at $872.39 (proceeds $6,349,254).
  • Relevant footnotes: F1/F4 — these were performance-based restricted stock units (each RSU = 1 share); F5–F8 describe vesting terms and remaining performance-based amounts or future vesting schedules. F3 notes certain shares allocated to a 401(k) account as of April 30, 2026.
  • Filing timeliness: filed within two business days of the transaction date (no late filing indicated).

Context

  • This was a vesting/award event with shares withheld to cover tax obligations — not an open‑market sale. Withholding/surrender of shares to meet taxes is routine and does not necessarily indicate insider sentiment about the stock.
  • For retail investors: award/vesting events increase insider-held shares but the taxable-withholding surrender reduces the net shares received; purchases (buys) are generally more informative as bullish signals than routine vesting or withholding.

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