Paul C. Hilal - Feb 14, 2023 Form 4 Insider Report for CSX CORP (CSX)

Role
Director
Signature
/s/ Paul C. Hilal
Stock symbol
CSX
Transactions as of
Feb 14, 2023
Transactions value $
$180,025
Form type
4
Date filed
2/16/2023, 06:48 PM
Previous filing
Feb 18, 2022
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSX Common Stock Award $180K +5.69K +13.54% $31.65 47.7K Feb 14, 2023 Direct F1, F2
transaction CSX Common Stock Other -98.8K -6.36% 1.45M Feb 14, 2023 See footnotes F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 On June 28, 2021, the common stock of CSX Corporation split 3-for-1, resulting in Paul C. Hilal's ("Reporting Person") ownership of 24,798 additional shares.
F3 Reflects distributions by MR Employee Incentive Pool LLC, an entity controlled by Reporting Person and which holds shares of CSX Corporation on behalf of certain employees of Mantle Ridge LP, a Delaware limited partnership, to those employees. No consideration was paid in connection with these distributions.
F4 On June 28, 2021, the common stock of CSX Corporation split 3-for-1, resulting in Reporting Person's ownership of 1,195,262 additional shares.
F5 By virtue of Reporting Person's position as ultimately controlling various entities that hold shares in CSX Corporation, Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the "Exchange Act"). Reporting Person disclaims beneficial ownership of any of these shares, except to the extent of any pecuniary interest therein.
F6 Reporting Person continues to serve as a director and as Vice Chairman of the Board of CSX Corporation and as a result, the entities listed in these notes are directors by deputization for purposes of Section 16 of the Exchange Act.