Casey’s (CASY) Director Larree Renda Exercises Options, Receives Award

What Happened

• Larree M. Renda, a director of Casey’s General Stores, exercised/converged 326 derivative units into 326 shares and immediately disposed of 326 shares, and was also granted 220 restricted stock units (RSUs). All transactions are reported at $0.00 per share (total $0) on the Form 4 covering activity on 2026-09-02 (filed 2026-09-04).

Key Details

• Transaction date: 2026-09-02 (Form 4 filed 2026-09-04).
• Transactions reported:
  • Exercise/conversion (code M): 326 shares acquired at $0.00 and 326 shares disposed at $0.00.
  • Grant/award (code A, derivative): 220 RSUs granted at $0.00.
• Footnotes:
  • F1: Shares owned count includes 22 shares acquired through the dividend reinvestment plan.
  • F2: Each RSU represents the right to receive one share upon vesting.
  • F3: The 220-RSU award is non-employee director compensation under the 2025 Stock Incentive Plan and will vest in full at Casey’s 2027 annual shareholders’ meeting.
  • F4: A prior award vested in full at the 2026 annual shareholders’ meeting.
• Shares owned after these transactions: not specified on this filing.
• Filing timeliness: filed on 2026-09-04 for transactions on 2026-09-02; no late-filing flag indicated.
• Remark: Ex. 24 — Power of Attorney included.

Context

• The filing shows derivative/RSU activity rather than a cash purchase; the $0.00 amounts are consistent with awards, RSU conversions, or equity-settlement mechanics rather than a cash market purchase. The 326-share exercise/conversion followed by an immediate disposition suggests shares were converted and then sold or transferred on the same date; the grant of 220 RSUs will vest per plan terms (see F3). These types of non-employee director awards are routine compensation and do not, by themselves, indicate the director’s view of the company’s prospects.