Charitable stock gift by CSX Corp (CSX) director John J. Zillmer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CSX Corp director John J. Zillmer reported a charitable gift of company stock. On the reported date, he transferred 5,850 shares of CSX common stock as a bona fide gift to a charitable foundation at a recorded price of $0.00 per share. After this donation, he directly owned 363,714 CSX shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,850 shares gifted
Mixed
1 txn
Insider
ZILLMER JOHN J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,850 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 363,714 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CSX (CSX) director John J. Zillmer report?
John J. Zillmer reported a bona fide gift of 5,850 CSX common shares. The shares were contributed to a charitable foundation, with a recorded price of $0.00 per share, reflecting a non-sale, charitable disposition of stock.
Was the CSX (CSX) insider transaction a sale or a charitable gift?
The transaction was a charitable gift, not a sale. The Form 4 lists the code “G” for bona fide gift, with 5,850 CSX common shares contributed to a charitable foundation at a recorded per-share price of $0.00.
What does the footnote in the CSX (CSX) Form 4 filing explain about the transaction?
The footnote explains that the reported 5,850 CSX shares were contributed by the reporting person to a charitable foundation. This clarifies the nature of the transaction as a philanthropic transfer rather than a market sale or other type of disposition.
What type of security was involved in the CSX (CSX) insider gift transaction?
The transaction involved CSX common stock. Director John J. Zillmer transferred 5,850 shares of CSX common stock as a bona fide gift to a charitable foundation, with ownership after the transaction reported at 363,714 common shares.