ZILLMER JOHN J 4
Research Summary
AI-generated summary
CSX Director John J. Zillmer Sells 10,000 Shares
What Happened
John J. Zillmer, a director of CSX Corporation (CSX), sold 10,000 shares in open-market transactions on June 3, 2026. The trades generated proceeds of approximately $464,500 based on a weighted average price of $46.45 per share. This was a sale (disposition) of existing shares rather than a purchase or option exercise.
Key Details
- Transaction date: June 3, 2026 (reported on Form 4 filed June 4, 2026) — timely filing.
- Transaction type: Open-market sale (S), disposed of 10,000 shares.
- Price: Weighted average $46.45; actual sale prices ranged from $46.43 to $46.50 (footnote says sales occurred in multiple transactions across this range).
- Proceeds: Approximately $464,500.
- Shares owned after transaction: Not specified in the supplied excerpt of the filing — see the full Form 4 for post-transaction holdings.
- Footnote: The reporting person will provide, upon request, the number of shares sold at each separate price within the $46.43–$46.50 range.
Context
- This was a straightforward open-market sale by a company director. Sales by insiders can be routine (diversification, tax planning, liquidity) and do not by themselves indicate company performance.
- No indication in the provided data of option exercises, gifts, or a 10b5-1 plan; the filing only reports the open-market sale.
For full details (including post-transaction ownership and any additional notes), consult the Form 4 (Accession No. 0001193125-26-257422) filed with the SEC.