CSX Corp (CSX) VP Angela Williams receives stock grant, updates holdings

Rhea-AI Filing Summary

CSX Corp executive Angela C. Williams, VP & Chief Accounting Officer, reported routine equity transactions in company common stock. On January 23, 2026, she received 336 shares at $0 under the 2023–2025 Long-Term Incentive Plan and had 150 shares withheld at $36.64 per share to cover taxes.

After these transactions, she directly beneficially owned 39,254 common shares, plus 9,407 equivalent shares held indirectly through the CSX Corporation 401(k)/Savings Thrift Plan. The filing also updates the total beneficial ownership to correct certain amounts that were previously reported on earlier Forms 4.

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^*

Williams Angela C

(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)
	VP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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	01/23/2026		A		336(1)	A	$0	39,404(2)(3)	D
Common Stock	01/23/2026		F		150(4)	D	$36.64	39,254	D
Common Stock								9,407	I	CSX Corporation 401(k) Plan(5)

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

Explanation of Responses:

1. Shares awarded pursuant to the 2023-2025 Long-Term Incentive Plan.

2. Includes 70 shares acquired under the CSX Employee Stock Purchase Plan ("ESPP") on June 30, 2025 and 68 shares acquired under the ESPP on December 30, 2025.

3. The total number of shares beneficially owned is being updated to reflect that certain shares were mistakenly incorrectly reported on the Reporting Person's Forms 4 filed on February 12, 2024 and February 20, 2024.

4. Withholding of stock to satisfy tax obligation.

5. 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.

	Michael S. Burns, Attorney-in-Fact	01/27/2026
	** 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.

FAQ

What insider transactions did CSX (CSX) report for Angela C. Williams on January 23, 2026?

Angela C. Williams received 336 CSX common shares under the 2023–2025 Long-Term Incentive Plan and had 150 shares withheld at $36.64 per share to satisfy tax obligations, reflecting routine executive equity compensation activity.

How many CSX (CSX) shares does Angela C. Williams beneficially own after this Form 4?

Following the reported transactions, Angela C. Williams directly beneficially owns 39,254 CSX common shares and indirectly holds 9,407 equivalent shares through the CSX Corporation 401(k)/Savings Thrift Plan, as reflected in the filing’s updated ownership figures.

What is the significance of the 336-share award to Angela C. Williams at CSX (CSX)?

The 336-share award represents stock granted under CSX’s 2023–2025 Long-Term Incentive Plan. Such awards are a standard component of executive compensation, intended to align leadership interests with shareholders by tying part of pay to company performance over time.

Why were 150 CSX (CSX) shares withheld from Angela C. Williams in this transaction?

The 150 shares were withheld to satisfy tax obligations associated with the stock award. Instead of paying taxes in cash, a portion of the granted shares was retained at $36.64 per share to cover the applicable tax liability.

How are the 9,407 CSX (CSX) shares held indirectly for Angela C. Williams?

The 9,407 equivalent CSX shares are held indirectly through the CSX Corporation Savings Thrift Plan. These represent units in the CSX Stock Fund, with amounts that fluctuate based on the fund’s daily net asset value rather than fixed share certificates.

Did this CSX (CSX) Form 4 correct any previously reported share amounts for Angela C. Williams?

Yes. The filing states that the total number of shares beneficially owned was updated because certain shares were mistakenly reported on Forms 4 filed on February 12, 2024 and February 20, 2024, making the current totals more accurate.