CSX (CSX) director sells 10,000 shares of common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CSX CORP director John J. Zillmer sold 10,000 shares of CSX common stock in an open-market transaction on June 3, 2026. The shares were sold at a weighted average price of $46.45, with individual sale prices ranging from $46.43 to $46.50. After this sale, Zillmer directly holds 353,714 CSX shares, indicating he retained a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($464,500)
Net Sell
1 txn
Insider
ZILLMER JOHN J
Role
null
Sold
10,000 shs ($465K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $46.45 | $465K |
Holdings After Transaction:
Common Stock — 353,714 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $46.45 per share
Sale price range: $46.43–$46.50 per share
+1 more
4 metrics
Shares sold
10,000 shares
Open-market sale on June 3, 2026
Weighted average sale price
$46.45 per share
Common stock sale on June 3, 2026
Sale price range
$46.43–$46.50 per share
Multiple executions within this range
Shares held after transaction
353,714 shares
Direct ownership following June 3, 2026 sale
Key Terms
open-market sale, weighted average price, Form 4, Common Stock
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CSX (CSX) director John J. Zillmer report?
Director John J. Zillmer reported selling 10,000 shares of CSX common stock in an open-market transaction on June 3, 2026. This Form 4 filing details the sale price range and his remaining direct ownership stake after the transaction.
What does weighted average price mean in John J. Zillmer’s CSX (CSX) sale?
Weighted average price of $46.45 means Zillmer’s 10,000 CSX shares were sold across multiple trades between $46.43 and $46.50. The average sale price is calculated based on the number of shares executed at each individual price within that range.
Was John J. Zillmer’s CSX (CSX) transaction an open-market sale?
Yes. The Form 4 identifies the transaction as code “S,” described as a sale in the open market or private transaction. The filing characterizes this specific activity as an open-market sale of 10,000 CSX common shares at a weighted average price of $46.45.