Darren M. Rebelez - Jun 15, 2021 Form 4 Insider Report for CASEYS GENERAL STORES INC (CASY)

Role
President and CEO, Director
Signature
Scott Faber, under Power of Attorney dated June 24, 2019
Stock symbol
CASY
Transactions as of
Jun 15, 2021
Transactions value $
-$129,630
Form type
4
Date filed
6/17/2021, 05:43 PM
Previous filing
Jun 7, 2021
Next filing
Jun 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CASY Common Stock Options Exercise $0 +2.09K +31.24% $0.00 8.79K Jun 15, 2021 Direct
transaction CASY Common Stock Tax liability -$130K -636 -7.23% $203.82 8.16K Jun 15, 2021 Direct F1
holding CASY Common Stock 172 Jun 15, 2021 Voting and tender rights under 401k plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CASY Restricted stock units Options Exercise $0 -2.09K -33.33% $0.00 4.19K Jun 15, 2021 Common Stock 2.09K Direct F3, F4
holding CASY Restricted stock units 16.7K Jun 15, 2021 Common Stock 16.7K Direct F4, F5
holding CASY Restricted stock units 3.33K Jun 15, 2021 Common Stock 3.33K Direct F4, F6
holding CASY Restricted stock units 6.24K Jun 15, 2021 Common Stock 6.24K Direct F4, F7
holding CASY Restricted stock units 4.24K Jun 15, 2021 Common Stock 4.24K Direct F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Closing price of Common Stock on June 15, 2021.
F2 Allocated to Mr. Rebelez's 401k plan account as of April 30, 2021. Does not include any shares allocated by the plan trustee after that date.
F3 Pursuant to terms and conditions of 2018 Stock Incentive Plan. The remainder of this award will vest in equal installments on June 15, 2022 and June 15, 2023. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2023, 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.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
F5 Pursuant to terms and conditions of Mr. Rebelez's "make-whole award" of June 24, 2019, granted in conjunction with his commencement of employment as Casey's President and CEO. These units vest over a three-year period in equal installments on each of the first three anniversaries of the grant date. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 24, 2022, 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 Represents the number of restricted stock units earned upon achievement of the performance criteria pursuant to the terms and conditions of Mr. Rebelez's "special strategic grant" of December 23, 2019. The restricted stock units remain subject to service-based vesting, and will vest in equal installments on January 15, 2022 and January 15, 2023.
F7 Pursuant to terms and conditions of 2018 Stock Incentive Plan. This award will vest in equal installments on June 15, 2022, June 15, 2023 and June 15, 2024. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2024, 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.
F8 Pursuant to terms and conditions of 2018 Stock Incentive Plan. This award will vest in full on June 24, 2022. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 24, 2022, 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.