Form 4: CSX Corp VP & Chief Accounting Officer Reports Stock Transactions

Angela C. Williams, VP & Chief Accounting Officer at CSX Corp, reported the acquisition and disposal of company stock on January 26, 2025, according to a recent SEC filing.

Summary

• Angela C. Williams, a VP & Chief Accounting Officer at CSX Corp, filed a Form 4 with the SEC detailing changes in her beneficial ownership of CSX stock.
• On January 26, 2025, Ms. Williams acquired 3,038 shares of common stock as part of the 2022-2024 Long-Term Incentive Plan.
• She also had 1,357 shares withheld to cover tax obligations related to the stock award at a price of $32.69 per share.
• Following these transactions, Ms. Williams directly owns 38,145 shares of CSX common stock.
• Additionally, she has an indirect beneficial ownership of 9,094 shares through the CSX Corporation 401(k) Plan.
• The filing also includes a power of attorney document, effective January 2, 2025, authorizing Michael S. Burns and Tammy D. Butler to act on her behalf for SEC filings.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative. The acquisition of shares through the incentive plan is a positive sign, but the tax withholding is neutral. Overall, the sentiment is neutral to slightly positive.

Positives

• The acquisition of 3,038 shares through the Long-Term Incentive Plan suggests continued alignment of management's interests with shareholders.
• The disclosure of stock ownership provides transparency to investors.

Negatives

• The disposal of 1,357 shares to cover tax obligations, while standard, reduces the overall increase in Ms. Williams' direct holdings.

Risks

• There are no specific risks mentioned in this document, as it is primarily a disclosure of stock transactions.
• The document does not provide any information about the company's financial performance or future outlook.

Industry Context

This filing is a routine disclosure of stock transactions by a company officer, which is common practice for publicly traded companies. It provides transparency into the ownership structure and management's stake in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US, and CSX's filing is consistent with these requirements.
• The transactions reported are typical for executive compensation plans, including stock awards and tax withholdings.
• The use of a power of attorney for SEC filings is also a common practice among corporate officers.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholders, as they reflect changes in insider ownership.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

CSX, stock, SEC, Form 4, insider trading, beneficial ownership, equity, incentive plan, power of attorney