Form 4: CSX Executive Stephen Fortune Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
Stephen Fortune, EVP CD&TO of CSX Corp, reports the withholding of 4,670 common stock shares to satisfy tax obligations on April 1, 2024.
Summary
- On April 1, 2024, Stephen Fortune, an Executive Vice President at CSX Corp, had 4,670 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $36.78 per share.
- Following the transaction, Fortune directly owns 69,288 shares of CSX common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices and tax obligations. It doesn't indicate any positive or negative sentiment regarding the company's performance.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It's a common practice for companies to withhold shares to cover taxes when equity is part of an executive's compensation package.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock withholding transaction. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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