CSX executive sells 13,000 shares after option exercise
Rhea-AI Filing Summary
CSX Corp executive Michael S. Burns, SVP – CLO & Corporate Secretary, exercised stock options for 13,000 shares of common stock at an exercise price of $26.50 per share and on the same date reported a sale of 13,000 shares at a weighted average price of $52.68 per share, with individual sale prices ranging from $52.67 to $52.71. Following the option exercise, 10,457 options from this grant remain outstanding, and Burns also has 1,818 equivalent shares held indirectly through the CSX Corporation Savings Thrift Plan; his reported holdings include 662 shares acquired under the CSX Employee Stock Purchase Plan on June 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 13,000 shares ($340K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Burns Michael S.
Role
SVP - CLO & Corp Secy
Sold
13,000 shs ($685K)
Approx. gross sale proceeds
$685K
Approx. exercise cost
$345K
Approx. pre-tax spread
$340K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option | 13,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 13,000 | $26.50 | $345K |
| Sale | Common Stock F2 | 13,000 | $52.68 | $685K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Option — 10,457 contracts (Direct);
Common Stock — 59,643 shares (Direct);
Common Stock — 1,818 shares (Indirect, CSX Corporation 401(k) Plan)
Footnotes (3)
- F1. Includes 662 shares acquired under the CSX Employee Stock Purchase Plan on June 30, 2026.
- F2. Weighted average price, as these shares were sold in multiple transactions at prices ranging from $52.67 to $52.71, 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. By Trustee, CSX Corporation Savings Thrift Plan. The number reflects equivalent shares of case value held in the CSX Stock Fund, which amounts will fluctuate dependent upon the daily net asset value of the fund.
Key Figures
Options Exercised: 13,000 shares
Option Exercise Price: $26.50 per share
Shares Sold: 13,000 shares
+4 more
7 metrics
Options Exercised
13,000 shares
Options on CSX common stock exercised on 2026-07-24
Option Exercise Price
$26.50 per share
Exercise price of options converted into common stock
Shares Sold
13,000 shares
CSX common stock sold on 2026-07-24
Weighted Average Sale Price
$52.68 per share
Weighted average, with sale prices from $52.67 to $52.71
Remaining Options
10,457 options
Options remaining from this grant after the 13,000-share exercise
Indirect Plan Holdings
1,818 equivalent shares
Held in CSX Corporation Savings Thrift Plan stock fund
ESPP Shares
662 shares
Shares acquired under the CSX Employee Stock Purchase Plan on June 30, 2026
Key Terms
weighted average price, CSX Employee Stock Purchase Plan, CSX Corporation Savings Thrift Plan, equivalent shares, +1 more
5 terms
weighted average price financial
"Weighted average price, as these shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
CSX Employee Stock Purchase Plan financial
"Includes 662 shares acquired under the CSX Employee Stock Purchase Plan"
CSX Corporation Savings Thrift Plan financial
"By Trustee, CSX Corporation Savings Thrift Plan. The number reflects equivalent"
net asset value financial
"amounts will fluctuate dependent upon the daily net asset value of the fund"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CSX (CSX) executive Michael S. Burns report?
Michael S. Burns reported exercising 13,000 stock options into CSX common shares at $26.50 per share and, on the same date, selling 13,000 CSX shares at a weighted average price of $52.68 per share, with individual sale prices between $52.67 and $52.71.
How many CSX (CSX) options did Michael S. Burns exercise and at what price?
He exercised options covering 13,000 shares of CSX common stock at an exercise price of $26.50 per share. These options were originally exercisable beginning February 18, 2023 and are scheduled to expire on February 18, 2030, according to the reported option terms.
What CSX (CSX) equity holdings does Michael S. Burns retain after these transactions?
After the reported transactions, Burns has 10,457 options remaining from the exercised grant and holds 1,818 equivalent shares indirectly through the CSX Corporation Savings Thrift Plan. His reported holdings also include 662 shares acquired via the CSX Employee Stock Purchase Plan on June 30, 2026.
Were Michael S. Burns’s CSX (CSX) trades reported as under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating these transactions were not identified in the report as being made pursuant to a Rule 10b5-1 trading plan. No footnote describes them as plan-based trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
