How Rebelez was paid
$10.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Darren M. RebelezPresident and Chief Executive Officer | $1,200,000 | $7,347,609 | $1,962,000 | $170,581 | $10,680,190 |
| Stephen P. Bramlage, Jr.Chief Financial Officer | $780,000 | $1,906,171 | $850,200 | $115,168 | $3,651,539 |
| Ena WilliamsChief Operating Officer | $780,000 | $2,096,625 | $850,200 | $90,044 | $3,816,869 |
| Thomas P. BrennanChief Merchandising Officer | $595,000 | $1,163,596 | $486,413 | $100,790 | $2,345,799 |
| Chad M. FrazellChief Human Resources Officer | $560,000 | $958,467 | $457,800 | $95,677 | $2,071,944 |
What changed and why
- $1.2B109% AIP payout followed exceptional fiscal 2025 financial performance, including record EBITDA of $1.2 billion.
- 250%250% FY23-FY25 LTIP payout resulted from 200% ROIC and EBITDA PSU vesting plus the 25% TSR modifier.
- 89%89% of CEO target direct compensation was at risk, compared with 76% for other NEOs on average.
- 60%AIP metrics were weighted 60% EBITDA and 40% same-store sales growth for inside sales.
- 97.9%2024 say-on-pay support was 97.9%, and the fiscal 2025 pay program was substantially unchanged.
- No guaranteed incentive payments or uncapped incentive compensation opportunities were provided.
Other Caseys General Stores proxy statements
- 2026 proxy statement
Darren M. Rebelez paid $14.7M (+38% on the year), pay ratio 735:1.
Filed Jul 22, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.