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CSX (NASDAQ: CSX) CEO gets 251 phantom stock units in deferred plan award

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Form Type
4

Rhea-AI Filing Summary

CSX Corporation President & CEO Stephen F. Angel reported an indirect award of phantom stock units tied to CSX common stock. On January 2, 2026, 251 units of phantom stock were credited at $36.27 per unit to an account in the CSX Executive Deferred Compensation Plan, held by a trustee. After this transaction, Angel had 767 phantom stock units indirectly beneficially owned through the plan.

Each phantom stock unit is the economic equivalent of one share of CSX common stock and will be paid in cash according to Angel’s prior distribution election at the time of deferral. The reported total includes 0.89 phantom stock units that were added in connection with a dividend paid on December 15, 2025 at $37.18 per share.

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Insider ANGEL STEPHEN F
Role President & CEO
Type Security Shares Price Value
Grant/Award Phantom Stock 251 $36.27 $9K
Holdings After Transaction: Phantom Stock — 767 shares (Indirect, CSX Executive Deferred Compensation Plan)
Footnotes (1)
  1. Each unit of phantom stock is the economic equivalent of one share of Company common stock. Units of phantom stock become payable, in cash, consistent with the Reporting Person's distribution election made at the time of deferral. Includes 0.89 units of phantom stock acquired in connection with the payment of a dividend on December 15, 2025 at $37.18 per share By Trustee, CSX Corporation Executive Deferred Compensation Plan.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ANGEL STEPHEN F
(Last) (First) (Middle)
500 WATER STREET
(Street)
JACKSONVILLE FL 32202
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CSX CORP [ CSX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (1) 01/02/2026 A 251 (1) (1) Common Stock 251 $36.27 767(2) I CSX Executive Deferred Compensation Plan(3)
Explanation of Responses:
1. Each unit of phantom stock is the economic equivalent of one share of Company common stock. Units of phantom stock become payable, in cash, consistent with the Reporting Person's distribution election made at the time of deferral.
2. Includes 0.89 units of phantom stock acquired in connection with the payment of a dividend on December 15, 2025 at $37.18 per share
3. By Trustee, CSX Corporation Executive Deferred Compensation Plan.
Tammy D. Butler, Attorney-in-Fact 01/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CSX (CSX) report for Stephen F. Angel?

The filing reports that Stephen F. Angel, President & CEO and a director of CSX Corporation, received an indirect award of 251 phantom stock units on January 2, 2026 through the CSX Executive Deferred Compensation Plan.

How many CSX phantom stock units does Stephen F. Angel now beneficially own?

Following the reported transaction, Stephen F. Angel indirectly beneficially owns 767 phantom stock units tied to CSX common stock through the CSX Executive Deferred Compensation Plan.

At what price were the new CSX phantom stock units credited on January 2, 2026?

The 251 phantom stock units credited on January 2, 2026 were valued at $36.27 per unit, according to the Form 4 disclosure.

What is CSX phantom stock and how is it settled for Stephen F. Angel?

Each unit of phantom stock is the economic equivalent of one share of CSX common stock. These units are payable in cash, consistent with Stephen F. Angel’s distribution election made at the time of deferral.

How did dividends affect Stephen F. Angel’s CSX phantom stock holdings?

The total phantom stock holdings include 0.89 units acquired in connection with a dividend payment on December 15, 2025 at $37.18 per share, which increased his deferred phantom stock balance.

How are Stephen F. Angel’s CSX phantom stock units held according to the Form 4?

The Form 4 shows the phantom stock units as held indirectly through the CSX Executive Deferred Compensation Plan, with ownership noted as “By Trustee, CSX Corporation Executive Deferred Compensation Plan.”