Casey's (CASY) Director Maria Castanon Moats Converts RSUs, Receives New Award

What Happened

• Maria Castanon Moats, a non‑employee director of Casey's General Stores (CASY), had 326 restricted stock units (RSUs) convert to shares on 2026-09-02 (reported as acquired at $0). The same 326 shares were reported disposed at $0 the same day (reported disposition of derivative security). Also on 2026-09-02 she was granted 220 RSUs (reported as acquired at $0) under the 2025 Stock Incentive Plan; that award will vest on the date of Casey's 2027 annual meeting.
• The filing reports $0 per share for these entries because they are RSU conversions/awards; no cash purchase or sale price is reported on the Form 4.

Key Details

• Transaction date: 2026-09-02; Form 4 filed: 2026-09-04 (filed within the typical 2‑business‑day window).
• Items reported: 326 RSUs converted to shares (M = exercise/conversion of derivative), 326 shares disposed (reported $0), and 220 RSUs granted (A = award/grant).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 clarifies each RSU = right to one share upon vesting; F2 notes the 326‑share award vested in full at Casey's 2026 annual meeting; F3 notes the 220‑share award vests at the 2027 annual meeting.
• Remark: Ex. 24 — Power of Attorney referenced.

Context

• For retail investors: converting RSUs to shares and immediate disposition at $0 is commonly the administrative result of vested RSUs being settled and shares withheld or transferred to cover tax or other obligations, though the Form 4 itself does not itemize the exact purpose of the disposition. Grants to non‑employee directors are routine compensation and not necessarily an indicator of the director buying or selling shares for investment reasons.