Director James Wainscott receives 4,455 CSX (CSX) shares as fee grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CSX Corp director James L. Wainscott reported an acquisition of 4,455 shares of CSX common stock. The shares were granted with a reported price of $0.00 per share as an exempt payment of director’s fees and/or annual retainer in stock under the 2019 CSX Stock and Incentive Award Plan.
After this grant/award acquisition, Wainscott directly owns 41,272 shares of CSX common stock. This reflects compensation for board service taken in equity rather than cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WAINSCOTT JAMES L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,455 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,272 shares (Direct)
Footnotes (1)
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FAQ
What did CSX (CSX) director James L. Wainscott report in this Form 4?
James L. Wainscott reported receiving 4,455 CSX common shares as a grant. The filing shows this was compensation for director fees and/or annual retainer, paid in stock under the 2019 CSX Stock and Incentive Award Plan rather than in cash.
What is the nature of the CSX (CSX) stock award reported for James L. Wainscott?
The award is an exempt payment of director’s fees and/or annual retainer in CSX common stock. It was granted pursuant to the 2019 CSX Stock and Incentive Award Plan, indicating the shares were issued as equity compensation for board service.
Does this CSX (CSX) Form 4 indicate a market purchase or sale by James L. Wainscott?
No, the transaction is classified as a grant, award, or other acquisition, not a market trade. The reported price per share is $0.00, underscoring that it is stock-based compensation under the company’s 2019 Stock and Incentive Award Plan.