FRAZELL CHAD MICHAEL 4
Research Summary
AI-generated summary
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.