Form 4: CSX Director Suzanne Vautrinot Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Suzanne Vautrinot reports acquisition of 5,694 shares of CSX common stock as part of director's fees and annual retainer.
Summary
- On February 14, 2025, Suzanne M. Vautrinot, a director of CSX CORP, acquired 5,694 shares of common stock.
- The acquisition was part of 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.
- The price per share was $0.
- Following the transaction, Vautrinot directly owns 34,693 shares, which includes 408 shares acquired through reinvestment of dividends since February 16, 2024.
- Vautrinot also indirectly owns shares through the CSX Directors Deferred Compensation Plan.
Sentiment
Score: 6
Explanation: Neutral sentiment. The filing simply reports a routine transaction related to director compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider transactions, specifically the acquisition of company stock by a director as part of their compensation. It's common for companies to compensate directors with stock, aligning their interests with those of shareholders.
Comparison to Industry Standards
- Director compensation packages often include stock awards to align director and shareholder interests.
- Companies like Union Pacific (UNP) and Norfolk Southern (NSC) also utilize stock-based compensation for their directors.
- The amount of stock awarded varies based on company size, performance, and industry benchmarks.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 2024-12-10 | Date of execution of Power of Attorney. |
| 2025-01-02 | Effective date of Power of Attorney. |
| 2025-02-14 | Date of transaction: Acquisition of CSX Common Stock. |
| 2025-02-16 | Date of last reportable transaction. |
| 2025-02-19 | Date of signature of the report. |
Keywords
CSX, Director, Stock Acquisition, Form 4, Beneficial Ownership, Suzanne Vautrinot, Directors Fees, Deferred Compensation
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