Form 4: CSX Director Thomas Bostick Acquires Shares Through Deferred Compensation Plan

Director Thomas Bostick acquired 5,694 shares of CSX common stock through the company's deferred compensation plan on February 14, 2025.

Summary

• On February 14, 2025, Thomas Bostick, a director of CSX Corporation, acquired 5,694 shares of CSX common stock.
• These shares were obtained through an exempt payment of director's fees and/or annual retainer under the 2019 CSX Stock and Incentive Award Plan.
• The reporting person also indirectly owns 21,518 shares through the CSX Directors Deferred Compensation Plan, which includes 223 shares acquired through dividend reinvestment since February 16, 2024.
• A power of attorney was executed on December 10, 2024, granting Michael S. Burns and Tammy D. Butler the authority to file SEC forms on Bostick's behalf.

Sentiment

Score: 7

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

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 document does not contain specific forward-looking statements, but it implies continued participation in the CSX Stock and Incentive Award Plan and the CSX Directors Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.

Comparison to Industry Standards

• Director stock ownership is a common practice among publicly traded companies, such as Union Pacific (UNP) and Norfolk Southern (NSC), to align management interests with shareholder value.
• Deferred compensation plans are also standard, allowing directors to defer income and receive it in the form of company stock, similar to plans offered by other major corporations like Berkshire Hathaway (BRK.A).
• The number of shares acquired is typical for director compensation plans, aligning with industry norms for executive and director remuneration.

Related Party Transactions

• The acquisition of shares through the CSX Stock and Incentive Award Plan is a related party transaction, as it involves compensation to a director of the company.

Stakeholder Impact

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

Key Dates

Keywords

CSX, Director, Stock Acquisition, Deferred Compensation, Form 4, SEC, Thomas Bostick