Casey's (CASY) Director Donthi Sri Exercises RSUs and Receives New Award

What Happened

• Donthi Sri, a non-employee director of Casey's General Stores (CASY), had 326 restricted stock units (RSUs) convert on Sept 2, 2026 (reported as an exercise/conversion) and those 326 shares were simultaneously disposed. The filing also shows a grant of 220 RSUs on the same date. All transactions are reported at $0.00 per share (total value $0 in the Form 4).
• These transactions are equity compensation actions (not open-market buys or sales). The 220-unit award is a new grant that vests in full at Casey's 2027 annual shareholders meeting; the 326-unit award had vested at the 2026 annual meeting.

Key Details

• Transaction date: 2026-09-02; Form 4 filed 2026-09-04 (filed within the standard two-business-day window).
• Reported prices/values: $0.00 per share for all items; reported totals $0.
• Shares after transaction: The filing excerpt provided does not state total shares beneficially owned after these transactions. Net effect in the report: conversion/settlement of 326 RSUs and grant of 220 RSUs.
• Footnotes: F1 — each RSU equals the right to receive one share upon vesting; F2 — the 220‑RSU award vests in full at the 2027 annual meeting; F3 — the 326‑RSU award vested at the 2026 annual meeting. Awards are pursuant to the 2025 Stock Incentive Plan (non-employee director compensation).
• Remarks: Ex. 24 — Power of Attorney included.

Context

• The paired conversion (acquire) and disposition of 326 units on the same date typically reflects settlement of vested RSUs with an immediate disposition or net share settlement (often to satisfy tax withholding), rather than an open-market sale. The 220 RSUs are unvested until the 2027 meeting and represent future potential shares if and when they vest.