FRAZELL CHAD MICHAEL 4
4 · CASEYS GENERAL STORES INC · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Casey's (CASY) CHRO Chad Frazell Sells $2.37M in Shares
What Happened
Chad Michael Frazell, Chief Human Resources Officer of Casey's General Stores, reported open‑market sales totaling 3,013 shares on June 30, 2026. The filing shows 2,893 shares disposed at a reported weighted‑average price of $787.46 (proceeds $2,278,122) and 120 shares disposed at $788.24 (proceeds $94,589), for combined proceeds of approximately $2,372,711. These are sales (S) reported as open‑market dispositions; such transactions are common and do not by themselves indicate insider sentiment.
Key Details
- Transaction date: June 30, 2026 (filed July 1, 2026). Filing appears timely (no late‑filing flag shown).
- Trades: 2,893 shares at weighted‑avg $787.46 (proceeds $2,278,122) and 120 shares at $788.24 (proceeds $94,589); total 3,013 shares, ~ $2,372,711.
- Price range/weighting: Footnote F1 notes the larger sale was executed in multiple trades at prices from $787.18 to $788.06; reported price is a weighted average.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Other footnotes (F2–F6): Filing includes notes about 401(k) allocations and various restricted stock unit (RSU) awards and vesting schedules under Casey’s 2018 and 2025 Stock Incentive Plans, including performance‑based RSUs that vest only if performance criteria are met.
Context: These were open‑market sales, not option exercises or gifts. The filing also references outstanding RSUs and performance‑based awards (F3–F6), which describe future vesting schedules and do not change the fact that these particular transactions were share sales.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-30$787.46/sh−2,893$2,278,122→ 9,943 total - Sale
Common Stock
2026-06-30$788.24/sh−120$94,589→ 9,823 total
- 401(indirect: By 401(k))
Common Stock
[F2] - 245
Restricted stock units
[F3][F4]→ Common Stock (245 underlying) - 596
Restricted stock units
[F3][F5]→ Common Stock (596 underlying) - 507
Restricted stock units
[F3][F6]→ Common Stock (507 underlying)
Footnotes (6)
- [F1]This transaction was executed in multiple trades at prices ranging from $787.18 to $788.06. The price reported above reflects a weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]Allocated to 401k plan account as of April 30, 2026. Does not include any shares allocated by the plan trustee after that date.
- [F3]Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
- [F4]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.
- [F5]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.
- [F6]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.