CSX CEO Stephen F. Angel acquires 175 stock-linked units

The phantom units represent common-share economic equivalents but are payable in cash under the executive’s distribution election.

Available on EDGAR 11/04/2026 - 04:15 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:15 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

CSX Corp. President & CEO Stephen F. Angel reported an indirect acquisition of 175 phantom stock units on November 2, 2026, by the trustee of the CSX Corporation Executive Deferred Compensation Plan. The transaction was reported at $51.6200 per unit, and the reported post-transaction position through the plan was 2,763 units. Each unit is economically equivalent to one share of CSX common stock and is payable in cash under Angel’s distribution election. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Grant/Award: 175 shares

Grant/Award 1 txn

Insider ANGEL STEPHEN F

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock F1, F2	175	$51.62	$9K

Holdings After Transaction: Phantom Stock — 2,763 contracts (Indirect, CSX Executive Deferred Compensation Plan)

Footnotes (2)

1. F1. 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. F2. By Trustee, CSX Corporation Executive Deferred Compensation Plan.

Key Figures

Phantom stock units acquired: 175 units Reported price per phantom stock unit: $51.6200 per unit Post-transaction phantom stock position: 2,763 units +1 more

4 metrics

Phantom stock units acquired 175 units November 2, 2026

Reported price per phantom stock unit $51.6200 per unit November 2, 2026

Post-transaction phantom stock position 2,763 units Held through the CSX Corporation Executive Deferred Compensation Plan

Common stock equivalent per phantom stock unit 1 share Each unit is economically equivalent to one share of CSX common stock

Key Terms

Phantom Stock, Executive Deferred Compensation Plan, distribution election

3 terms

Phantom Stock financial

"Each unit of phantom stock is the economic equivalent of one share"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Executive Deferred Compensation Plan financial

"CSX Corporation Executive Deferred Compensation Plan"

distribution election financial

"consistent with the Reporting Person's distribution election"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many phantom stock units did CSX CEO Stephen F. Angel acquire?

Stephen F. Angel reported an indirect acquisition of 175 phantom stock units on November 2, 2026, by the trustee of the CSX Corporation Executive Deferred Compensation Plan. The reported post-transaction position through the plan was 2,763 units, and no Rule 10b5-1 plan is reported.

How are CSX phantom stock units paid?

Each phantom stock unit is the economic equivalent of one share of CSX common stock. The units become payable in cash, consistent with the reporting person’s distribution election made at the time of deferral.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 FLORIDA 32202

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	11/02/2026		A		175		(1)	(1)	Common Stock	175	$51.62	2,763	I	CSX Executive Deferred Compensation Plan(2)

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. By Trustee, CSX Corporation Executive Deferred Compensation Plan.

	Kacey D. Heekin-Luchin, Attorney-in-Fact	11/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)