Nathan D. Goldman - Feb 20, 2024 Form 4 Insider Report for CSX CORP (CSX)

Role
EVP & CLO
Signature
/s/ Michael S. Burns, Attorney-in-Fact
Stock symbol
CSX
Transactions as of
Feb 20, 2024
Transactions value $
-$6,056,037
Form type
4
Date filed
2/22/2024, 04:01 PM
Previous filing
Feb 20, 2024
Next filing
Nov 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSX Common Stock Options Exercise $2.9M +161K +48.27% $17.94 496K Feb 20, 2024 Direct F1
transaction CSX Common Stock Sale -$8.95M -244K -49.29% $36.62 252K Feb 20, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CSX Option Options Exercise $0 -161K -100% $0.00* 0 Feb 20, 2024 Common Stock 161K $17.94 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 10, 2023.
F2 Weighted average price, as these shares were sold in multiple transactions at prices ranging from $36.46 to $36.83, inclusive. The Reporting Person undertakes to provide to CSX Corporation, any security holder of CSX Corporation, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The original exercse price of the option was $53.82. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjusted price of $17.94.
F4 On June 28, 2021, the common stock of CSX Corporation split 3-for-1, resulting in the Reporting Person's ownership of 107,658 additional shares.