Darren M. Rebelez - Jan 15, 2022 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: Jan 15, 2022
Transactions value $: -$98,601
Form type: 4
Date filed: 1/19/2022, 05:13 PM
Previous filing: Jan 5, 2022
Next filing: Jun 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	CASY	Common Stock	+Options Exercise	$0	+1,666	+12.9%	$0.00	14,578	Jan 15, 2022	Direct
transaction	CASY	Common Stock	-Tax liability	-$98,601	-522	-3.58%	$188.89	14,056	Jan 15, 2022	Direct	F1
holding	CASY	Common Stock						191	Jan 15, 2022	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	-1,666	-50%	$0.00	1,666	Jan 15, 2022	Common Stock	1,666		Direct	F3, F4
holding	CASY	Restricted stock units						4,187	Jan 15, 2022	Common Stock	4,187		Direct	F4, F5
holding	CASY	Restricted stock units						6,235	Jan 15, 2022	Common Stock	6,235		Direct	F4, F6
holding	CASY	Restricted stock units						8,333	Jan 15, 2022	Common Stock	8,333		Direct	F4, F7
holding	CASY	Restricted stock units						4,241	Jan 15, 2022	Common Stock	4,241		Direct	F4, F8

Explanation of Responses:

Id	Content
F1	Closing price of Casey's Common Stock on January 18, 2022.
F2	Allocated to Mr. Rebelez's 401k plan account as of January 18, 2022. Does not include any shares allocated by the plan trustee after that date.
F3	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 remainder of this award will vest on January 15, 2023.
F4	Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.
F5	Pursuant to terms and conditions of 2018 Stock Incentive Plan. 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.
F6	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.
F7	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.
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.