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

Director J Steven Whisler acquired 1,014 shares of CSX Corp common stock through the CSX Directors Deferred Compensation Plan.

Summary

• On March 15, 2024, J Steven Whisler, a director of CSX Corp, acquired 1,014 shares of common stock at a price of $36.97 per share.
• The acquisition was made through an exempt payment of director's fees and/or annual retainer in the form of CSX Common Stock pursuant to the 2019 CSX Stock and Incentive Award Plan.
• Following the transaction, Whisler directly owns 126,354 shares and indirectly owns 73,735 shares through the CSX Corporation Directors Deferred Compensation Plan.
• The indirectly held shares are payable after Whisler ceases to be a director or pursuant to the applicable deferral election under the Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

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 held in the CSX Directors 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

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock as part of their compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates