Casey’s (CASY) CLO sells 200 shares, retains RSUs and common stock
Rhea-AI Filing Summary
Casey’s General Stores Chief Legal Officer Katrina S. Lindsey reported an open-market sale of 200 shares of Common Stock on March 11, 2026 at a weighted average price of $683.04 per share, executed in multiple trades between $682.92 and $683.51.
After this sale, she directly owns 4,039 shares of Common Stock and has indirect holdings of 168 shares through 401(k) plan voting and tender rights. She also holds restricted stock units covering 316, 490, and 813 underlying shares of Common Stock under the 2018 Stock Incentive Plan, with remaining tranches scheduled to vest on June 15, 2026, June 15, 2027 and June 15, 2028, plus separate performance-based units that will be determined upon meeting future performance criteria.
Positive
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Negative
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Insights
Routine open-market sale by Casey’s CLO with substantial equity stake remaining.
The filing shows Chief Legal Officer Katrina S. Lindsey executed an open-market sale of 200 Casey’s General Stores shares at a weighted average of $683.04 on March 11, 2026. Trades occurred between $682.92 and $683.51, indicating normal market execution.
Following the transaction, she directly holds 4,039 common shares and indirectly 168 shares via 401(k) voting and tender rights. In addition, she has time-based restricted stock units tied to 316, 490 and 813 underlying shares, plus separate performance-based units whose final amounts depend on meeting plan performance criteria.
The RSUs vest in stages on June 15, 2026, June 15, 2027 and June 15, 2028 under the 2018 Stock Incentive Plan, suggesting a multi-year equity compensation structure. With only one relatively small open-market sale and no indication of a 10b5-1 trading plan in the excerpt, this appears to be a routine liquidity event rather than a transformative change in insider positioning.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 200 | $683.04 | $137K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $682.92 to $683.51. The price reported above reflects a weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Allocated to 401k plan account as of April 30, 2025. Does not include any shares allocated by the plan trustee after that date. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock. Pursuant to terms and conditions of 2018 Stock Incentive Plan. The remainder of this award will vest on June 15, 2026. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2026, 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. Pursuant to the terms and conditions of the 2018 Stock Incentive Plan. The remainder of this award will vest in equal installments on June 15, 2026, and June 15, 2027. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2027, 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. Pursuant to terms and conditions of 2018 Stock Incentive Plan. This award will vest in equal installments on June 15, 2026, June 15, 2027 and June 15, 2028. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2028, 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.
