CSX CORP
For the period ended May 8, 2024. Filed Mar 25, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 8, 2024 · Filed Mar 25, 2024
Contents
CEO Pay-for-Performance Alignment
The following chart sets forth the relationship between “Compensation Actually Paid” to our PEO, the average of “Compensation Actually Paid” to our other NEOs, the Company’s cumulative TSR and the peer group’s cumulative TSR over the three-year period from 2020 through 2023. The peer group TSR is based on the S&P 500 Industrials Index.
103
The following chart sets forth the relationship between “Compensation Actually Paid” to our PEO, the average of “Compensation Actually Paid” to our other NEOs and our net income during fiscal years 2020 through 2023.
The following chart sets forth the relationship between “Compensation Actually Paid” to our PEO, the average of “Compensation Actually Paid” to our other NEOs and Economic Profit (CSX Cash Earnings or CCE) during fiscal years 2020 through 2023.
| 2024 Proxy Statement | 104 |
|---|
Fiscal 2023 Tabular List of Most Important Financial Performance Measures
While Economic Profit (CSX Cash Earnings or CCE) is shown in the pay-versus-performance table above, the following seven (plus two supplemental, as noted below) performance measures are all important and key to the Company’s success. These measures are included in the short and long-term incentive plans to ensure alignment between the goals of the NEOs to the business strategies. The measures in this table are not ranked.
| Most Important Performance Measures | Importance to the Company |
|---|---|
| Average Annual OperatingIncome Growth Rate Percentage | nMeasures the average increase in operating income for each year of the LTIP cyclenAligns with the Company’s objective of profitable growth |
| Economic Profit (CSX Cash Earnings or CCE) | nMeasures the Company’s ability to grow operating income while remaining focused on cost control and asset utilizationnEncourages investments in growth projects that earn more than an expected rate of return |
| Relative Total Shareholder Return (Relative TSR) | nDesigned to appropriately align NEO payouts with share price performance relative to a transportation-related peer group |
| Operating Income | nUsed to gauge the general health of the Company and to quantify operating profit marginnAligns with the Company’s objective of profitable growth |
| Operating Ratio | nKey indicator of the Company’s efficiencynEncourages the Company to deliver results that grow the business while optimizing assets |
| Initiative-basedRevenue Growth | nMeasures the Company’s ability to gain additional business on the CSX network through growth with new and existing customersnDirectly supports profitable growth by driving operating income |
| Safety | nReinforces the critical importance on ensuring employees’ personal safety and the safety of fellow railroaders and upholding our commitment to protect customers’ freight and the communities in which we operate |
| Trip Plan Compliance (supplemental) | nEnsures the Company successfully executes the service plan for customers’ shipments based on our commitmentsnFocuses on reliable and accurate service for customers |
| Fuel Efficiency (supplemental) | nIndicates the Company’s fuel productivity over the distance travelednSupports environmental stewardship by reducing carbon emissions |
105
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.