In 2023, Joseph R. Hinrichs earned $3.82M in total compensation at CSX, including $1.40M salary and $2.42M bonus. Most recently acquired 149,836 shares in Feb 2025. Currently holds stock worth $20.97M. 3+ years at the helm of CSX.
Compensation History
Annual executive compensation data for Joseph R. Hinrichs, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.82M
Salary
$1.40M
Bonus
$2.42M
Other
$0.00
Salary
$1.40MBoard Justification
CSX's compensation philosophy for the CEO in 2023 was to align executive pay with the Company’s financial performance and the creation of sustainable long-term shareholder value. The compensation program is structured to provide a competitive level of compensation necessary to attract, engage, and reward talented and experienced executives and to motivate them to achieve short and long-term strategic goals.
Bonus
$2.42MBoard Justification
The bonus structure for Joseph R. Hinrichs in 2023 was based on the Management Incentive Compensation Plan (MICP), which included financial performance measures, operational, customer service, and ESG-related measures of safety and fuel efficiency. The financial measures accounted for 70% of the MICP’s overall weighting. The resulted Company payout was 115% of the Target Incentive Opportunity, leading to a bonus payout of $2,415,000.
Other Compensation
$0.00Board Justification
The proxy statement does not specify any other compensation for Joseph R. Hinrichs in 2023.
Restricted Stock
Board Justification
There were no vested stocks for Joseph R. Hinrichs in 2023 as per the provided proxy statement.
Performance Metrics
The performance metrics for the CEO's compensation in 2023 included financial performance measures, operational, customer service, and ESG-related measures of safety and fuel efficiency. These metrics were critical drivers of CSX’s business success and accounted for 70% of the MICP’s overall weighting.
Joseph R. Hinrichs
CEO of CSX
Education
Bachelor's degree in Business Administration from the University of Michigan
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
March 14, 1967 - 58 years ago
CEO of CSX for
3 years 2 months (Sep 2022 - Present)
Previous Experience
President of Ford Motor Company’s global automotive business
Holdings
Track Joseph R. Hinrichs's stock holdings and portfolio value over time.
Total Stock Sold
$14.63M
$14.63M
996,558 F shares
What if they kept their stock?
If Joseph R. Hinrichs didn't sell their stock, today they would have:
Extra F996,558 shares worth $12.99M.
This is -11.23% and $1.64M less than what they got when they sold the stock.
Insider Trading
Joseph R. Hinrichs's recent stock transactions, purchases, and sales filed with the SEC.
149,836 shares
CSX
Feb 14, 2025
Received
74,998 shares
CSX
Jan 26, 2025
Received
62,092 shares
CSX
Feb 15, 2024
Received
$21.40K
CSX at $27.72/share
Dec 31, 2023
Received
$2.00M
CSX at $31.67/share
Feb 15, 2023
Received
127,598 shares
CSX
Sep 26, 2022
Received
112,252 shares
CSX
Sep 26, 2022
Received
107,329 shares
F
Mar 2, 2018
Received
$453.60K
F at $11.34/share
Sep 5, 2017
Sale
$555.48K
F at $11.11/share
May 5, 2017
Sale
Rivals
Compare Joseph R. Hinrichs with competitor CEOs and industry peers.
Ed Bastian
CEO of Delta Air Lines
2023 Compensation
Stock
$19.03M
Salary
$950.00K
Bonus
$9.60M
Other
$371.18K
Total Holdings
$136.07M
Alan H. Shaw
CEO of Norfolk Southern
2022 Compensation
Stock
$2.16M
Salary
$900.00K
Bonus
$5.54M
Other
$200.85K
Total Holdings
$119.24M
Robert C. Lyons
CEO of GATX
2023 Compensation
Stock
$0.00
Salary
$858.33K
Bonus
$0.00
Other
$919.02K
Total Holdings
$508.56K
Lance M. Fritz
CEO of Union Pacific
2024 Compensation
Stock
$0.00
Salary
$1.33M
Bonus
$4.00M
Other
$312.22K
Total Holdings
$121.40K
Charles W. Moorman
CEO of Norfolk Southern
2022 Compensation
Stock
$0.00
Salary
$900.00K
Bonus
$901.28K
Other
$200.85K
Total Holdings
$5.56M
J. Scott Kirby
CEO of United Airlines Holdings
2023 Compensation
Stock
$10.71M
Salary
$1.10M
Bonus
$0.00
Other
$155.74K
Total Holdings
$324.01K