Form 4: CSX Corp Executive Angela C. Williams Reports Stock Transactions
SEC Form 4 Filing
Angela C. Williams, VP & Chief Accounting Officer of CSX Corp, reports acquisition and disposal of company stock and derivative securities.
Summary
- Angela C. Williams, VP & Chief Accounting Officer of CSX Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 14, 2025, Williams disposed of 782 shares of common stock at $33.37 to satisfy tax obligations.
- An additional 264 and 217 shares were disposed of on the same date for the same reason and price.
- Williams acquired 1,861 restricted stock units (RSUs) at $0 pursuant to the CSX Corporation 2025-2027 Long-Term Incentive Plan.
- These RSUs vest in three equal installments on February 14, 2026, February 14, 2027, and February 14, 2028.
- Williams also acquired 6,113 options at $0 under the same incentive plan, vesting similarly to the RSUs.
- Following these transactions, Williams directly owns 38,844 shares of common stock and indirectly owns 9,110 shares through the CSX Corporation 401(k) Plan.
- She also directly owns 6,113 options.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The acquisition of RSUs and options is a positive sign, but the disposal of shares for tax obligations is a normal occurrence.
Positives
- The acquisition of 1,861 RSUs and 6,113 options indicates continued alignment of the executive's interests with the company's long-term performance.
- The vesting schedule of the RSUs and options (2026-2028) suggests a long-term commitment from the executive.
Future Outlook
The executive's holdings will increase as the RSUs and options vest over the next three years (2026-2028).
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's future prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Grant date of restricted stock units (RSUs) for dividend reinvestment. |
| 02/15/2023 | Grant date of restricted stock units (RSUs) for dividend reinvestment. |
| 02/16/2024 | Grant date of restricted stock units (RSUs) for dividend reinvestment. |
| 02/14/2025 | Date of stock disposal and acquisition of RSUs and options. |
| 02/14/2026 | First vesting date for RSUs and options. |
| 02/14/2027 | Second vesting date for RSUs and options. |
| 02/14/2028 | Third vesting date for RSUs and options. |
| 02/14/2035 | Expiration date for options. |
| 02/19/2025 | Date of Form 4 signature. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Restricted Stock Units, CSX, Williams, Insider Trading
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