Form 4: CSX Director J. Steven Whisler Increases Indirect Stake Through Deferred Compensation Plan

CSX Corporation Director J. Steven Whisler acquired 1,167 shares of common stock on June 13, 2025, as part of director compensation, increasing his indirect beneficial ownership to 86,682 shares.

Summary

• J. Steven Whisler, a Director of CSX Corp (CSX), acquired 1,167 shares of CSX common stock on June 13, 2025.
• The shares were acquired at a price of $32.12 per share.
• This acquisition was an exempt payment of director's fees and/or annual retainer, made pursuant to the 2019 CSX Stock and Incentive Award Plan.
• Following this transaction, Mr. Whisler's indirect beneficial ownership in CSX common stock, held through the CSX Corporation Directors Deferred Compensation Plan, increased to a total of 86,682 shares.
• This indirect holding includes 364 shares acquired through dividend reinvestment since March 14, 2025.
• Mr. Whisler also holds 126,354 shares directly following the reported transaction.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, especially as part of compensation, is generally viewed positively as it aligns management interests with shareholders. However, a Form 4 is a factual report of a transaction, not a performance update, so its direct impact on sentiment is limited.

Positives

• Director J. Steven Whisler increased his beneficial ownership in CSX common stock, indicating continued alignment with shareholder interests.
• The acquisition of shares through director's fees demonstrates a commitment to the company's long-term performance and aligns management incentives with shareholder value creation.

Future Outlook

The filing does not contain forward-looking statements or guidance, as it is a report on an insider transaction.

Management Comments

• 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 Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends for the railroad or transportation sector.

Comparison to Industry Standards

• This document, a Form 4, details an individual insider transaction and does not provide information suitable for comparison to industry-wide financial or operational benchmarks. It is a standard disclosure for director compensation in the form of equity, common practice across publicly traded companies.

Stakeholder Impact

• Shareholders: The acquisition of additional shares by a director may be seen as a positive signal, indicating confidence in the company's future and aligning management's interests with those of shareholders.

Next Steps

• The shares acquired through the CSX Directors Deferred Compensation Plan are payable after the reporting person ceases to be a director or as per deferral elections.

Key Dates

Keywords

CSX, J. Steven Whisler, Form 4, Insider Transaction, Director Compensation, Stock Acquisition, Beneficial Ownership, Railroad, Transportation