CSX Corp. faced a “say on pay” revolt at its May 4 annual meeting, amid concerns regarding excessive payouts to CEO James Foote.

CSX’s remuneration report received 59.8% support, according to Insightia’s Voting module.

Calvert Research and Management was among the investors to vote against the pay plan, criticizing CEO pay for exceeding the 75th percentile of peers despite poor company performance.

Foote’s pay also exceeds four times the average named executive officer’s (NEO) pay, Calvert said.

Compensation committee Chair Steven Halverson faced 83.9% support.

CSX Chair John Zillmer received 61.7% support.

Shareholders expressed concern regarding the board comprising of fewer than two people of color and failing to disclose its EEO-1 report, a workforce composition report required of most U.S.-listed companies.