XML 55 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE DISCLOSURE
Pursuant to Section 953(a) of the Dodd-Frank Act and Item 402(v) of Regulation S-K, the following table sets forth information regarding certain financial performance metrics of the Company and the “compensation actually paid” (“CAP”) to our NEOs, using a methodology that has been prescribed by the SEC.
The C/HC Committee does not utilize CAP as the basis for making compensation decisions. For further information concerning our compensation philosophy and how we align executive compensation with our performance, see the CD&A.
Pay Versus Performance Table
Fiscal Year
Summary
Compensation
Table For
PEO(1)(3)
CAP to
PEO(1)(2)
Average
Summary
Compensation
Table for
Non-PEO
NEOs(1)(3)
Average CAP
to Non-PEO
NEOs(1)(2)
Value of Initial Fixed
$100 Investment based
on:(4)
GAAP Net
Income
EBITDA(5)
Casey’s
TSR
Peer
Group
TSR
2025
$10,680,190
$40,742,966
$2,971,538
$8,785,981
$315
$173
$546,520,000
$1,200,047,000
2024
$10,626,257
$33,564,809
$3,066,576
$8,057,409
$217
$151
$501,972,000
$1,059,398,000
2023
$10,607,379
$18,017,916
$2,931,535
$4,874,894
$154
$147
$446,691,000
$952,464,000
2022
$9,061,083
$9,712,877
$2,862,173
$3,711,970
$135
$143
$339,790,000
$801,241,000
2021
$8,186,093
$13,785,124
$2,813,117
$3,880,748
$148
$124
$312,900,000
$719,244,000
(1)
Mr. Rebelez served as our principal executive officer (PEO) for the full fiscals 2021-2025. Reflects other NEOs for the applicable years as follows: (i) for 2021, Mr. Bramlage, Ms. Williams, Julia L. Jackowski (the Company’s prior Chief Legal Officer), Adrian M. Butler (the Company’s prior Chief Information Officer) and William J. Walljasper (the Company’s prior Chief Financial Officer), (ii) for 2022, Mr. Bramlage, Ms. Williams, Mr. Brennan and Mr. Butler, and (iii) for 2023-2025, Mr. Bramlage, Ms. Williams, Mr. Brennan and Mr. Frazell.
(2)
The following amounts were deducted from and/or added to Summary Compensation Table (“SCT”) total compensation in accordance with the SEC-mandated adjustments to calculate CAP. The fair value of equity awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2025
2024
2023
2022
2021
 
 
Figures reflected in $000s
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
 
Summary Comp. Table Total
$10,680
$2,972
$10,626
$3,067
$10,607
$2,932
$9,061
$2,862
$8,186
$2,813
 
 
Grant Date Fair Value of Current Fiscal Year Awards
($7,348)
($1,531)
($6,543)
($1,426)
($6,337)
($1,348)
($5,377)
($1,240)
($4,547)
($1,583)
 
 
Fair Value Current Fiscal Year Awards at Fiscal Year End
$12,388
$1,888
$14,276
$3,104
$7,469
$1,617
$5,129
$1,187
$5,759
$2,047
 
 
Change in Fair Value of Prior Fiscal Year Awards (Outstanding)
$22,675
$4,920
$15,225
$3,341
$6,468
$1,625
$1,110
$884
$4,324
$554
 
 
Change in Fair Value of Prior Fiscal Year Awards (Vested)
$2,348
$538
($277)
($86)
($385)
($2)
($316)
($15)
$42
$42
 
 
Dividends Accrued in Fiscal Year, not captured elsewhere
$0
$0
$257
$57
$195
$51
$106
$34
$21
$9
 
 
Compensation Actually Paid
$40,743
$8,786
$33,565
$8,057
$18,018
$4,875
$9,713
$3,712
$13,785
$3,881
 
 
 
 
 
 
 
 
 
(3)
Reflects the total compensation reported in the SCT for the applicable year for Mr. Rebelez as the PEO and the average of the total compensation reported in the SCT for the applicable year for each of the other NEOs listed in Footnote 1.
(4)
Reflects TSR, cumulative for the measurement periods beginning on May 1, 2020, and ending on each of April 30, 2021-2025, the last day of each fiscal year, respectively, calculated in accordance with Item 201(e) of Regulation S-K. “Peer Group” represents the S&P 1500 Consumer Staples Sector Index (“CAP Peer Group”).
(5)
Reflects the “company selected measure.” EBITDA is a non-GAAP measure defined as net income before net interest expense, income taxes, depreciation and amortization. See Appendix A for reconciliation to net income.
       
Company Selected Measure Name EBITDA        
Named Executive Officers, Footnote
(1)
Mr. Rebelez served as our principal executive officer (PEO) for the full fiscals 2021-2025. Reflects other NEOs for the applicable years as follows: (i) for 2021, Mr. Bramlage, Ms. Williams, Julia L. Jackowski (the Company’s prior Chief Legal Officer), Adrian M. Butler (the Company’s prior Chief Information Officer) and William J. Walljasper (the Company’s prior Chief Financial Officer), (ii) for 2022, Mr. Bramlage, Ms. Williams, Mr. Brennan and Mr. Butler, and (iii) for 2023-2025, Mr. Bramlage, Ms. Williams, Mr. Brennan and Mr. Frazell.
       
Peer Group Issuers, Footnote
(4)
Reflects TSR, cumulative for the measurement periods beginning on May 1, 2020, and ending on each of April 30, 2021-2025, the last day of each fiscal year, respectively, calculated in accordance with Item 201(e) of Regulation S-K. “Peer Group” represents the S&P 1500 Consumer Staples Sector Index (“CAP Peer Group”).
       
PEO Total Compensation Amount $ 10,680,190 $ 10,626,257 $ 10,607,379 $ 9,061,083 $ 8,186,093
PEO Actually Paid Compensation Amount $ 40,742,966 33,564,809 18,017,916 9,712,877 13,785,124
Adjustment To PEO Compensation, Footnote
(2)
The following amounts were deducted from and/or added to Summary Compensation Table (“SCT”) total compensation in accordance with the SEC-mandated adjustments to calculate CAP. The fair value of equity awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2025
2024
2023
2022
2021
 
 
Figures reflected in $000s
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
 
Summary Comp. Table Total
$10,680
$2,972
$10,626
$3,067
$10,607
$2,932
$9,061
$2,862
$8,186
$2,813
 
 
Grant Date Fair Value of Current Fiscal Year Awards
($7,348)
($1,531)
($6,543)
($1,426)
($6,337)
($1,348)
($5,377)
($1,240)
($4,547)
($1,583)
 
 
Fair Value Current Fiscal Year Awards at Fiscal Year End
$12,388
$1,888
$14,276
$3,104
$7,469
$1,617
$5,129
$1,187
$5,759
$2,047
 
 
Change in Fair Value of Prior Fiscal Year Awards (Outstanding)
$22,675
$4,920
$15,225
$3,341
$6,468
$1,625
$1,110
$884
$4,324
$554
 
 
Change in Fair Value of Prior Fiscal Year Awards (Vested)
$2,348
$538
($277)
($86)
($385)
($2)
($316)
($15)
$42
$42
 
 
Dividends Accrued in Fiscal Year, not captured elsewhere
$0
$0
$257
$57
$195
$51
$106
$34
$21
$9
 
 
Compensation Actually Paid
$40,743
$8,786
$33,565
$8,057
$18,018
$4,875
$9,713
$3,712
$13,785
$3,881
 
 
 
 
 
 
 
 
 
       
Non-PEO NEO Average Total Compensation Amount $ 2,971,538 3,066,576 2,931,535 2,862,173 2,813,117
Non-PEO NEO Average Compensation Actually Paid Amount $ 8,785,981 8,057,409 4,874,894 3,711,970 3,880,748
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The following amounts were deducted from and/or added to Summary Compensation Table (“SCT”) total compensation in accordance with the SEC-mandated adjustments to calculate CAP. The fair value of equity awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2025
2024
2023
2022
2021
 
 
Figures reflected in $000s
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
PEO
Average other
NEOs
 
Summary Comp. Table Total
$10,680
$2,972
$10,626
$3,067
$10,607
$2,932
$9,061
$2,862
$8,186
$2,813
 
 
Grant Date Fair Value of Current Fiscal Year Awards
($7,348)
($1,531)
($6,543)
($1,426)
($6,337)
($1,348)
($5,377)
($1,240)
($4,547)
($1,583)
 
 
Fair Value Current Fiscal Year Awards at Fiscal Year End
$12,388
$1,888
$14,276
$3,104
$7,469
$1,617
$5,129
$1,187
$5,759
$2,047
 
 
Change in Fair Value of Prior Fiscal Year Awards (Outstanding)
$22,675
$4,920
$15,225
$3,341
$6,468
$1,625
$1,110
$884
$4,324
$554
 
 
Change in Fair Value of Prior Fiscal Year Awards (Vested)
$2,348
$538
($277)
($86)
($385)
($2)
($316)
($15)
$42
$42
 
 
Dividends Accrued in Fiscal Year, not captured elsewhere
$0
$0
$257
$57
$195
$51
$106
$34
$21
$9
 
 
Compensation Actually Paid
$40,743
$8,786
$33,565
$8,057
$18,018
$4,875
$9,713
$3,712
$13,785
$3,881
 
 
 
 
 
 
 
 
 
       
Compensation Actually Paid vs. Total Shareholder Return
The chart below illustrates the relationship between the PEO and average Non-PEO CAP amounts and the Company’s and CAP Peer Group’s TSR during fiscal years 2021-2025.
       
Compensation Actually Paid vs. Net Income        
Compensation Actually Paid vs. Company Selected Measure        
Total Shareholder Return Vs Peer Group
The chart below illustrates the relationship between the PEO and average Non-PEO CAP amounts and the Company’s and CAP Peer Group’s TSR during fiscal years 2021-2025.
       
Tabular List, Table
Performance Measures Used to Link Company Performance and CAP
The following table lists the performance measures that, in our assessment, represent the most important performance measures we used to link compensation actually paid to our NEOs to Company performance for the 2025 fiscal year. See the CD&A for further details.
Tabular List of Performance Measures
EBITDA
Same-Store Sales Growth % (Inside Sales)
ROIC
Relative TSR
       
Total Shareholder Return Amount $ 315 217 154 135 148
Peer Group Total Shareholder Return Amount 173 151 147 143 124
Net Income (Loss) $ 546,520,000 $ 501,972,000 $ 446,691,000 $ 339,790,000 $ 312,900,000
Company Selected Measure Amount 1,200,047,000 1,059,398,000 952,464,000 801,241,000 719,244,000
PEO Name Mr. Rebelez Mr. Rebelez Mr. Rebelez Mr. Rebelez Mr. Rebelez
Measure:: 1          
Pay vs Performance Disclosure          
Name EBITDA        
Non-GAAP Measure Description
(5)
Reflects the “company selected measure.” EBITDA is a non-GAAP measure defined as net income before net interest expense, income taxes, depreciation and amortization. See Appendix A for reconciliation to net income.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Same-Store Sales Growth % (Inside Sales)        
Measure:: 3          
Pay vs Performance Disclosure          
Name ROIC        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative TSR        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (7,348,000) $ (6,543,000) $ (6,337,000) $ (5,377,000) $ (4,547,000)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,388,000 14,276,000 7,469,000 5,129,000 5,759,000
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 22,675,000 15,225,000 6,468,000 1,110,000 4,324,000
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,348,000 (277,000) (385,000) (316,000) 42,000
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 257,000 195,000 106,000 21,000
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,531,000) (1,426,000) (1,348,000) (1,240,000) (1,583,000)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,888,000 3,104,000 1,617,000 1,187,000 2,047,000
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,920,000 3,341,000 1,625,000 884,000 554,000
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 538,000 (86,000) (2,000) (15,000) 42,000
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 57,000 $ 51,000 $ 34,000 $ 9,000