Form 4: CSX Director Donna M. Alvarado Reports Stock Acquisition and Holdings
SEC Form 4 Filing
Director Donna M. Alvarado reports acquisition of CSX common stock through director's fees and deferred compensation plan, along with adjustments to holdings.
Summary
- On February 14, 2025, CSX Director Donna M. Alvarado acquired 5,694 shares of common stock as an exempt payment of director's fees and/or annual retainer.
- These shares were acquired under the 2019 CSX Stock and Incentive Award Plan.
- Alvarado also has 75,401 shares held directly.
- On June 14, 2024, 3,446 shares were distributed from Alvarado's CSX Directors Deferred Compensation Plan account to her direct ownership account.
- Since February 16, 2024, Alvarado acquired 4,458 shares through reinvestment of dividends.
- Alvarado indirectly owns 321,333 shares through the CSX Directors Deferred Compensation Plan.
Sentiment
Score: 7
Explanation: The document reflects standard director compensation practices and stock ownership, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.
Positives
- Director's stock ownership aligns interests with shareholders.
- Dividend reinvestment indicates confidence in the company's future.
Industry Context
Director stock ownership is common and aligns management interests with shareholders. Deferred compensation plans are a typical component of executive and director compensation packages.
Comparison to Industry Standards
- Director compensation through stock grants is a common practice among publicly traded companies, including peers like Union Pacific (UNP) and Norfolk Southern (NSC).
- Deferred compensation plans are also standard, allowing directors to defer income and potentially reduce their current tax burden, similar to plans offered by other large corporations.
Stakeholder Impact
- The report provides transparency to shareholders regarding director stock ownership.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| December 10, 2024 | Date of execution of Power of Attorney. |
| January 2, 2025 | Effective date of Power of Attorney. |
| June 14, 2024 | 3,446 shares were distributed from the Reporting Person's CSX Directors Deferred Compensation Plan account to the Reporting Person's direct ownership account. |
| February 14, 2025 | Date of transaction where 5,694 shares of common stock were acquired. |
| February 16, 2024 | Date of the last reportable transaction. |
| February 19, 2025 | Date of signature for the report. |
Keywords
CSX, Director, Stock Acquisition, Beneficial Ownership, Form 4, Deferred Compensation Plan, Dividend Reinvestment
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