CSX (NASDAQ: CSX) CFO Kevin Boone awarded new options and RSUs

Rhea-AI Filing Summary

CSX CORP executive Kevin S. Boone received new equity awards as part of long-term compensation. On February 26, 2026, the EVP & CFO was granted options on 75,982 shares at an exercise price of $0.00 and an award of 15,241 shares of common stock.

The common stock is described as restricted stock units granted under the CSX Corporation 2026-2028 Long-Term Incentive Plan, vesting in three equal installments on February 26, 2027, 2028, and 2029. The options were also granted under the same plan and vest on the same schedule. Following these awards, Boone directly holds 20,8622 shares of common stock and 75,982 options, and indirectly holds additional shares through a CSX Corporation 401(k) plan and a spouse’s IRA.

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

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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^*

Boone Kevin S.

(Last) (First) (Middle)

500 WATER STREET

15TH FLOOR

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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
Common Stock	02/26/2026		A		15,241(1)	A	$0	208,622	D
Common Stock								1,753	I	CSX Corporation 401(k) Plan(2)
Common Stock								1,500	I	Spouse's IRA

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
Option	$42.65	02/26/2026		A		75,982(3)		(4)	02/26/2036	Common Stock	75,982	$0	75,982	D

Explanation of Responses:

1. Restricted stock units awarded pursuant to the CSX Corporation 2026-2028 Long-Term Incentive Plan. The units vest in three equal installments on February 26, 2027, February 26, 2028 and February 26, 2029.

2. By Trustee, CSX Corporation Savings Thrift Plan. The number reflects equivalent shares of cash value held in the CSX Stock Fund, which amounts will fluctuate dependent upon the daily net asset value of the fund.

3. Options awarded pursuant to the CSX Corporation 2026-2028 Long-Term Incentive Plan.

4. The options vest in three equal installments on February 26, 2027, February 26, 2028 and February 26, 2029.

	Kacey D. Heekin-Luchin, Attorney-in-Fact	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did CSX (CSX) EVP & CFO Kevin Boone receive?

Kevin Boone received stock options on 75,982 CSX shares and an award of 15,241 common shares. These grants are part of the CSX Corporation 2026-2028 Long-Term Incentive Plan and represent additional compensation, not open-market purchases or sales.

When do Kevin Boone’s new CSX (CSX) restricted stock units vest?

The restricted stock units tied to 15,241 CSX common shares vest in three equal installments. The vesting dates are February 26, 2027, February 26, 2028, and February 26, 2029, aligning with the 2026-2028 Long-Term Incentive Plan schedule.

How do the new CSX (CSX) stock options for Kevin Boone vest?

The 75,982 CSX stock options vest in three equal installments on February 26, 2027, February 26, 2028, and February 26, 2029. These options were awarded under the CSX Corporation 2026-2028 Long-Term Incentive Plan and are part of his long-term incentive package.

Are Kevin Boone’s new CSX (CSX) awards open-market purchases?

No, the awards are not open-market purchases. They are grants of restricted stock units and options with a reported price of $0.00 per share, issued under the CSX Corporation 2026-2028 Long-Term Incentive Plan as part of his executive compensation.

What indirect CSX (CSX) holdings are reported for Kevin Boone?

Indirect holdings include equivalent CSX share units in the CSX Corporation 401(k) Savings Thrift Plan and shares in a spouse’s IRA. These positions are reported as indirect ownership, separate from his directly held common stock and stock options.

Does the CSX (CSX) Form 4 show any stock sales by Kevin Boone?

The Form 4 does not report any stock sales. It records grant or award acquisitions of stock options and restricted stock units, plus updated indirect holdings, indicating additional equity-based compensation rather than dispositions of CSX shares.