CSX Corp EVP & COO Disposes Shares for Tax Withholding
CSX CORP
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Filing Summary
CSX Corp ($CSX) Insider: Cory Michael A. (EVP & COO) Transaction: Tax Withholding (Code F) Shares Transacted: 12,611 @ $46.78 ($589,942.58) Shares Retained: 85,150 Significance: Low (Routine vesting tax disposition)
Comprehensive Analysis
Executive Summary
On September 25, 2026, Michael A. Cory, Executive Vice President and Chief Operating Officer of CSX Corp ($CSX), disposed of 12,611 shares of Common Stock at $46.78 per share, totaling approximately $589,943. Following this transaction, Mr. Cory directly retains 85,150 shares of the company.
Transaction Details
- Transaction Nature: The transaction was designated with Code 'F', indicating it was a withholding of shares to satisfy statutory tax obligations associated with the vesting of equity awards (restricted stock units granted on September 25, 2023).
- Discretionary Status: Non-discretionary. This is a mandatory tax-withholding disposition rather than an open-market sale.
- Ownership Post-Transaction: Following the withholding, Cory owns 85,150 direct shares, which includes 1,394 shares acquired via dividend reinvestment and 376 shares acquired under the CSX Employee Stock Purchase Plan on June 30, 2026.
Market & Trading Significance
The trading significance of this Form 4 filing is rated as Low. The disposition represents standard equity compensation tax coverage rather than a directional sentiment trade or open-market insider selling.
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