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CSX Corp (CSX) awards stock options and RSUs to CHRO Chand

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CHAND M RIZWAN reported acquisition or exercise transactions in this Form 4 filing.

CSX Corporation reported that Chief Human Resources Officer Rizwan M. Chand received new long-term equity awards. On February 26, 2026, he was granted 58,448 options and 11,724 restricted stock units under the CSX Corporation 2026–2028 Long-Term Incentive Plan. Both the options and restricted stock units vest in three equal installments on February 26, 2027, February 26, 2028, and February 26, 2029, tying his compensation to the company’s multi-year performance.

Positive

  • None.

Negative

  • None.
Insider CHAND M RIZWAN
Role CHRO
Type Security Shares Price Value
Grant/Award Option 58,448 $0.00 --
Grant/Award Common Stock 11,724 $0.00 --
Holdings After Transaction: Option — 58,448 shares (Direct); Common Stock — 11,724 shares (Direct)
Footnotes (1)
  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. Options awarded pursuant to the CSX Corporation 2026 - 2028 Long-Term Incentive Plan. The options vest in three equal installments on February 26, 2027, February 26, 2028 and February 26, 2029.
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*
CHAND M RIZWAN
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHRO
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 11,724(1) A $0 11,724 D
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 58,448(2) (3) 02/26/2036 Common Stock 58,448 $0 58,448 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. Options awarded pursuant to the CSX Corporation 2026 - 2028 Long-Term Incentive Plan.
3. 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.
* 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 did CSX (CSX) disclose about Rizwan Chand’s new equity awards?

CSX disclosed that CHRO Rizwan M. Chand received long-term equity awards. He was granted 58,448 stock options and 11,724 restricted stock units under the CSX Corporation 2026–2028 Long-Term Incentive Plan on February 26, 2026.

How many stock options did the CSX CHRO acquire in this Form 4 filing?

The CSX Chief Human Resources Officer acquired 58,448 stock options. These options were granted under the CSX Corporation 2026–2028 Long-Term Incentive Plan and will vest in three equal installments across 2027, 2028, and 2029, aligning with multi-year performance.

How many CSX shares or units were granted to Rizwan Chand in common stock form?

Rizwan M. Chand was granted 11,724 common-share-based restricted stock units. These units were awarded under the CSX Corporation 2026–2028 Long-Term Incentive Plan and are scheduled to vest in three equal annual installments starting February 26, 2027.

When do Rizwan Chand’s CSX restricted stock units vest under the 2026–2028 plan?

The restricted stock units vest in three equal installments. Vesting dates are February 26, 2027, February 26, 2028, and February 26, 2029, providing a structured, multi-year incentive for the CSX Chief Human Resources Officer.

What is the vesting schedule for the CSX stock options granted to the CHRO?

The CSX stock options vest in three equal annual installments. They are scheduled to vest on February 26, 2027, February 26, 2028, and February 26, 2029, mirroring the restricted stock unit vesting schedule under the 2026–2028 Long-Term Incentive Plan.

Is the Form 4 for CSX’s CHRO a purchase or a grant of securities?

The Form 4 reflects grants of securities, not market purchases. It records a grant or award acquisition of stock options and restricted stock units to the CSX Chief Human Resources Officer as part of the 2026–2028 Long-Term Incentive Plan.