CSX EVP & CLO Nathan Goldman sells 118,588 shares for $4,197,315.20 in two transactions on 2024-11-18 at $35.40 and $35.39; reduces holdings 36.9%
Nathan Goldman, EVP & Chief Legal Officer at CSX, executed two separate sales totaling 118.6K shares for $4.2M on 2024-11-18, reducing his holdings from 321.6K to 203.0K shares (a 36.9% reduction). The sales occurred at a blended average price of $35.39, which is 2.4% above the current price of $34.57 and near the 52-week range mid-point given the stock's 52-week band of $31.33–$38.38. Goldman's cross-ticker track record shows 1 prior sell with a 90d well-timed rate of 100.00%, and his prior CSX sale on 2024-02-20 delivered a 90d return of -8.8%, meeting the sell-timing criterion. The scale of this disposition—nearly 37% of prior holdings in a single filing—alongside a fundamentally sound company (P/E 18.39, $894.0M net income on $3.6B quarterly revenue) suggests a portfolio-level event rather than a signal rooted in company-specific deterioration.