CSX CEO granted 197 phantom stock units

ANGEL STEPHEN F reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

ANGEL STEPHEN F reported acquisition or exercise transactions in this Form 4 filing.

CSX CORP President & CEO Stephen F. Angel received an award of 197 units of phantom stock under the CSX Executive Deferred Compensation Plan. Each phantom stock unit is economically equivalent to one share of CSX common stock and will be settled in cash according to his prior distribution election.

These holdings are reported as indirect, held by the plan trustee, and bring his total phantom stock balance in this plan to 1,829 units. This is a compensation-related, non‑market transaction rather than an open‑market stock purchase.

Insider Trade Summary

Grant/Award: 197 shares

Grant/Award 1 txn

Insider ANGEL STEPHEN F

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	197	$45.86	$9K

Holdings After Transaction: Phantom Stock — 1,829 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 granted: 197 units Reference price per unit: $45.86 per unit Total phantom stock after grant: 1,829 units +1 more

4 metrics

Phantom stock units granted 197 units Grant on 2026-06-01 under CSX Executive Deferred Compensation Plan

Reference price per unit $45.86 per unit Price field associated with 197 phantom stock units

Total phantom stock after grant 1,829 units Indirect phantom stock balance following the transaction

Underlying common stock equivalence 197 shares equivalent Each phantom stock unit equals one CSX common share economically

Key Terms

Phantom Stock, CSX Executive Deferred Compensation Plan, indirect ownership, grant/award acquisition

4 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.

CSX Executive Deferred Compensation Plan financial

"By Trustee, CSX Corporation Executive Deferred Compensation Plan."

indirect ownership financial

"reported as indirect, held by the plan trustee"

grant/award acquisition financial

"transaction_action: grant/award acquisition for 197 phantom stock units"

FAQ

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

What did CSX (CSX) CEO Stephen F. Angel report in this Form 4?

Stephen F. Angel reported receiving 197 phantom stock units linked to CSX common stock. The award was made under the CSX Executive Deferred Compensation Plan and increases his indirect phantom stock holdings in that plan to 1,829 units.

Is the CSX (CSX) phantom stock award to the CEO an open-market purchase?

No, the 197 phantom stock units are a compensation-related grant, not an open-market purchase. The units are awarded under an executive deferred compensation plan and will be settled in cash, so no shares were bought or sold in the market.

How is the phantom stock award for CSX (CSX) CEO economically structured?

Each unit of phantom stock is the economic equivalent of one CSX common share. The value is paid in cash in the future, following the distribution election the executive made when deferring compensation into the plan.

How many phantom stock units does the CSX (CSX) CEO hold after this transaction?

After receiving 197 additional units, Stephen F. Angel now holds 1,829 phantom stock units in the CSX Executive Deferred Compensation Plan. These units track the value of CSX common stock but are payable in cash rather than actual shares.

How are the CSX (CSX) phantom stock units held for the CEO?

The phantom stock units are held indirectly by the trustee of the CSX Corporation Executive Deferred Compensation Plan. The filing notes this indirect ownership, reflecting that the plan, not the executive personally, formally holds the units for his benefit.

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

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Accepted by SEC EDGAR 06/02/2026 - 04:15 PM Learn about SEC filing dates

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)
06/01/2026

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)	06/01/2026		A		197		(1)	(1)	Common Stock	197	$45.86	1,829	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 Heekin-Luchin, Attorney-in-Fact	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)