Director Acquires Additional Shares in Casey's, Expanding Stake with Cash and RSUs

On March 13, non-executive director Mike Spanos purchased 300 shares of Casey’s General Stores, Inc. (NASDAQ: CASY) common stock on the open market at approximately $665.43 per share, for a total cash outlay of about $199,629 (roughly KRW 270 million). On the same day, he was also granted 326 restricted stock units under the company’s 2025 Stock Incentive Plan, which are set to vest in full at the 2026 annual shareholders meeting. Following this transaction, Spanos’s direct holdings increased to approximately 4,499 shares—including seven shares acquired through dividend reinvestment—with the unvested RSUs accounted for separately.

Recently, Casey’s reported strong third-quarter results for the fiscal year ending January 31, 2026, with net income and EPS each rising by nearly 50% year-over-year, beating market expectations. In response, several brokerages have raised their price targets. The company is also accelerating its market-share expansion in the U.S. South and Texas by rebranding about 200 CEFCO convenience stores acquired in 2024 and planning to open 80 new locations by 2026. (morningstar.com)

Casey’s General Stores, Inc. (NASDAQ: CASY), headquartered in Ankeny, Iowa, is the third-largest convenience-store chain in the United States, operating roughly 2,900 stores across more than 20 states. The company is distinguished by a high proportion of food-service sales, notably pizza. From its origins in the 1960s as a small gas station–general store, Casey’s has grown through strategic acquisitions and new store openings. More recently, it has bolstered profitability with major deals such as the CEFCO acquisition and by emphasizing prepared foods and private-label products. (mobilityplaza.org)