AUS
NZ
UK
CA
USA
IND
Angela C. Williams, Vice President and Chief Accounting Officer at CSX Corporation, reported selling 30,000 common shares on July 24, 2026, at a weighted average price of $53.29 per share. This insider transaction, filed with the Securities and Exchange Commission on July 27, 2026, marks a notable reduction in Williams's direct stock holdings. Post-sale, she retained approximately 10,437 shares directly, alongside additional indirect holdings through CSX’s retirement plans.
Key Points
- NASDAQ: CSX
- CSX Vice President and Chief Accounting Officer Angela C. Williams sold 30,000 shares on July 24, 2026
- Sale prices ranged from $53.28 to $53.31 per share, with a weighted average of $53.29
- Williams retained 10,437 shares in direct ownership and holds indirect beneficial ownership through retirement plans
Details of the Insider Share Sale and Transaction Execution
On July 24, 2026, Williams executed the sale of 30,000 CSX common shares through multiple transactions at prices narrowly ranging between $53.28 and $53.31 per share. The weighted average price for the entire sale was $53.29 per share. The SEC filing clarifies that upon request, Williams will provide CSX Corporation, shareholders, or SEC staff with detailed information about the exact number of shares sold at each price point within this range.
The transaction is classified as a sale of securities, leading to a significant decrease in Williams's direct beneficial ownership of CSX stock to 10,437 shares. Despite this reduction, she continues to hold multiple forms of ownership, including indirect interests through company-sponsored plans.
Ownership Breakdown After the Transaction
Following the July 24 sale, Williams's beneficial ownership consists of 10,437 shares held directly, which includes 66 shares acquired on June 30, 2026, via the CSX Employee Stock Purchase Plan. This recent acquisition highlights her ongoing participation in the company’s employee equity programs despite the large share sale.
In addition, Williams holds an indirect beneficial interest in 9,532 shares through the CSX Corporation 401(k) Plan, managed by the plan trustee. These shares represent the cash value equivalent held in the CSX Stock Fund and fluctuate daily based on the fund’s net asset value. This retirement plan holding is separate from her direct ownership and reflects a long-term equity stake through her participation in CSX’s retirement savings program.
Executive Role and Insider Reporting Requirements
Williams serves as Vice President and Chief Accounting Officer at CSX Corporation, a role entailing significant responsibility over financial reporting and accounting. This position requires compliance with Section 16 of the Securities Exchange Act of 1934, mandating timely disclosure of changes in beneficial ownership by officers and other insiders.
The filing was submitted on Williams’s behalf by Kacey D. Heekin-Luchin, Attorney-in-Fact, dated July 27, 2026. The three-day interval between the transaction and filing complies with SEC insider reporting deadlines. The attorney-in-fact status indicates authorization for another party to manage and file disclosures on Williams’s behalf, a common practice among corporate insiders.
Participation in Employee Stock Purchase Plan
The disclosure notes Williams acquired 66 shares through the CSX Employee Stock Purchase Plan on June 30, 2026. This plan enables eligible employees to buy company shares, often at a discounted price and with favorable tax treatment. Her continued engagement with this program, despite the subsequent large sale, underscores ongoing involvement in CSX’s equity compensation initiatives.
The presence of these plan shares in her post-sale holdings indicates a pattern where executives balance significant market sales with smaller-scale acquisitions through employee benefit programs as part of their overall equity strategy.
Indirect Retirement Plan Holdings and Valuation Fluctuations
Williams’s indirect ownership via the CSX 401(k) Plan represents a meaningful portion of her total equity interest. The filing specifies that the 9,532 shares reflect cash value equivalents in the CSX Stock Fund, with the share count fluctuating daily according to the fund’s net asset value.
These retirement plan holdings are distinct from direct stock ownership, subject to plan-specific rules on withdrawals and transfers. Holding shares through a tax-deferred retirement vehicle alongside direct ownership suggests a diversified approach to managing her CSX equity exposure.
Weighted Average Price and Multi-Tranche Sale Strategy
The $53.29 weighted average sale price across 30,000 shares results from multiple transactions executed within a tight price range of $53.28 to $53.31. This narrow band indicates sales likely occurred over a short period or under consistent market conditions.
Executing the sale in multiple tranches is a common insider strategy to minimize market impact and maintain execution flexibility. The filing also notes Williams’s willingness to provide detailed transaction breakdowns to SEC staff or shareholders upon request, reflecting transparency in the sale process.
Comprehensive Beneficial Ownership Disclosure
The filing details Williams’s beneficial ownership, encompassing direct holdings, shares from the employee stock purchase plan, and indirect ownership through the 401(k) plan trustee. Each category is clearly identified with designations for direct (D) or indirect (I) ownership, clarifying the nature of her equity interests.
This distinction is crucial for regulatory compliance and insider trading rules, as direct ownership entails immediate control, whereas indirect holdings may have different restrictions and tax implications.
Market Context and Share Price Insights
The transaction prices between $53.28 and $53.31 per share provide insight into CSX’s stock valuation on July 24, 2026. The filing does not specify whether the sales occurred during regular trading hours or under special conditions, but the narrow price range suggests orderly execution without significant volatility.
Investors often analyze insider sales as potential indicators of executive sentiment, though such transactions can reflect diverse personal financial considerations. Comparing the July 24 sale price with subsequent stock performance may offer additional context for assessing Williams’s outlook on CSX at that time.
Regulatory Compliance and Ongoing Reporting Obligations
This filing fulfills Williams’s disclosure obligations under Section 16(a) of the Securities Exchange Act of 1934. The timely submission on July 27, 2026, complies with SEC requirements for insider transaction reporting. The filing reiterates legal responsibilities regarding accuracy and penalties for misstatements.
Williams’s beneficial ownership will continue to be monitored and reported as long as she holds an officer position or other roles triggering Section 16 reporting. Future transactions will be disclosed similarly, with this filing establishing a reference point for her ownership as of July 24, 2026.
