Form 4: CSX Director J. Steven Whisler Acquires Shares Through Deferred Compensation Plan

CSX Corporation director J. Steven Whisler acquired 1,128 shares of common stock through the company's deferred compensation plan.

Summary

• J. Steven Whisler, a director at CSX Corporation, acquired 1,128 shares of common stock on December 13, 2024.
• The shares were acquired as part of an exempt payment of director's fees and/or annual retainer under the 2019 CSX Stock and Incentive Award Plan.
• The transaction price was $33.24 per share.
• Following the transaction, Whisler directly owns 126,354 shares and indirectly owns 77,930 shares through the CSX Directors Deferred Compensation Plan.
• The indirect holdings include 271 shares acquired through dividend reinvestment since September 13, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no indications of any negative sentiment.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of a deferred compensation plan aligns director interests with long-term shareholder value.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Director compensation through stock awards is a common practice among publicly traded companies, aligning director interests with shareholder value.
• Many companies use deferred compensation plans to provide long-term incentives for their directors.
• The specific details of the plan and the number of shares awarded are typical for a company of CSX's size and market capitalization.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

CSX, Director, Stock Acquisition, Deferred Compensation, Share Ownership, Insider Trading, SEC Form 4