Form 4: CSX Director Anne H. Chow Acquires Shares Through Deferred Compensation Plan

Director Anne H. Chow acquired 5,694 shares of CSX Corp common stock through the CSX Corporation Directors Deferred Compensation Plan on February 14, 2025.

Summary

• On February 14, 2025, Anne H. Chow, a director of CSX Corp, acquired 5,694 shares of common stock.
• The acquisition was made through the CSX Corporation Directors Deferred Compensation Plan.
• The shares were acquired at a price of $0, indicating they were likely received as part of director's fees or annual retainer.
• Following the transaction, Ms. Chow directly owns 20 shares of CSX common stock and indirectly owns 5,694 shares through the deferred compensation plan.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation. It's neither overwhelmingly positive nor negative, but indicates alignment of director interests with shareholders.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The shares acquired through the deferred compensation plan are payable after the reporting person ceases to be a director or otherwise pursuant to the applicable deferral election under the Plan.

Industry Context

Directors receiving stock as part of their compensation is a common practice in publicly traded companies. It aligns their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units (RSUs), or direct stock grants.
• Companies like Union Pacific (UNP) and Norfolk Southern (NSC), which are major competitors of CSX, also utilize stock-based compensation for their directors.
• The specific amount and type of equity compensation can vary based on company size, performance, and industry practices.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

CSX, Director, Share Acquisition, Deferred Compensation Plan, Form 4, Anne H. Chow, Stock, Ownership