Form 4: CSX Director Anne Chow Boosts Stake with Stock Compensation
Insider Transaction Report
CSX Corporation Director Anne H. Chow acquired 4,455 shares of common stock as compensation, increasing her beneficial ownership.
Summary
- Director Anne H. Chow acquired 4,455 shares of CSX Common Stock on February 26, 2026.
- The acquisition was an exempt payment of director's fees and/or annual retainer, valued at $0 per share, under the 2019 CSX Stock and Incentive Award Plan.
- Following this transaction, Ms. Chow directly owns 4,455 shares.
- Additionally, she indirectly beneficially owns 10,240 shares through the CSX Corporation Directors Deferred Compensation Plan.
- The indirect ownership includes 91 shares acquired through dividend reinvestment since February 14, 2025.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, as increased insider ownership, even through compensation, generally indicates alignment of interests between management and shareholders.
Positives
- Director Anne H. Chow increased her direct beneficial ownership by 4,455 shares, aligning her interests further with shareholders.
- The acquisition was part of an exempt payment of director's fees, indicating a structured compensation plan.
- Indirect beneficial ownership through the deferred compensation plan also increased, partly due to dividend reinvestment.
Industry Context
StockSavvy.ai notes that insider acquisitions, even as compensation, can signal management's confidence in the company's long-term prospects. In the railroad and transportation sector, such actions by directors are often viewed positively as they align leadership incentives with shareholder value creation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Anne H. Chow granted Power of Attorney to Michael S. Burns and Kacey D. Heekin-Luchin to prepare, execute, and file Forms 3, 4, and 5 on her behalf with the SEC. | 2026-01-30 | Streamlines the process for filing required insider transaction reports for the director, ensuring timely compliance with Section 16(a) of the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: Increased alignment of director's interests with shareholder value through increased stock ownership.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 2025-02-14 | Date of last reportable transaction for dividend reinvestment calculation. |
| 2026-01-28 | Execution date of the Power of Attorney. |
| 2026-01-30 | Effective date of the Power of Attorney. |
| 2026-02-26 | Date of common stock acquisition by Director Anne H. Chow. |
| 2026-03-02 | Signature date of the Form 4 filing. |
Keywords
CSX, Anne H. Chow, Director, Insider Trading, Form 4, Stock Compensation, Beneficial Ownership, Railroad, Transportation
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