CASEYS GENERAL STORES INC — Director's Dealing 2022

Jun 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CASEYS GENERAL STORES INC (CASY)
CIK: 0000726958
Period of Report: 2022-06-15

Reporting Person: FRAZELL CHAD MICHAEL (Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-15	Common Stock	M	280	—	Acquired	2476	Direct
2022-06-15	Common Stock	A	1113	—	Acquired	3589	Direct
2022-06-15	Common Stock	M	303	—	Acquired	3892	Direct
2022-06-15	Common Stock	M	283	—	Acquired	4175	Direct
2022-06-15	Common Stock	F	698	$186.57	Disposed	3477	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-15	Restricted stock units	$	M	280	Disposed		Common Stock (280.0)	Direct
2022-06-15	Restricted stock units	$	M	303	Disposed		Common Stock (303.0)	Direct
2022-06-15	Restricted stock units	$	M	283	Disposed		Common Stock (283.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	131	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted stock units	$		Common Stock (1519.0)	1519	Direct
Restricted stock units	$		Common Stock (958.0)	958	Direct

Footnotes

F1: Represents the number of shares of Common Stock earned upon the vesting of performance-based restricted stock units awarded to Mr. Frazell under Casey's 2020 fiscal year long-term incentive compensation program.

F2: Closing price of Casey's General Stores, Inc. Common Stock on June 15, 2022.

F3: Allocated to Mr. Frazell's 401k plan account as of April 30, 2022. Does not include any shares allocated by the plan trustee after that date.

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 vested in full on June 15, 2022.

F6: Pursuant to terms and conditions of 2018 Stock Incentive Plan. The remainder of this award will vest on 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.

F7: Pursuant to terms and conditions of 2018 Stock Incentive Plan. The remainder of this award will vest in equal installments on 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 and in accordance with the terms and conditions of Mr. Frazell's "make-whole award" of January 2, 2020, granted in conjunction with his commencement of employment as Casey's Senior Vice President - Chief Human Resources Officer. The remainder of this award will vest on January 2, 2023.

F9: Pursuant to terms and conditions of 2018 Stock Incentive Plan. This award will vest in equal installments on June 15, 2023, June 15, 2024 and June 15, 2025. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2025, 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.