CSX (CSX) CEO Stephen Angel adds 187 phantom stock units in plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CSX Corporation President & CEO Stephen F. Angel reported an acquisition of phantom stock units through a deferred compensation plan. On the transaction date, 187 units of phantom stock, economically equivalent to common shares, were credited at $48.33 per unit.

Following this grant, Angel’s account under the CSX Executive Deferred Compensation Plan held 2,021 phantom stock units. Footnotes also indicate an additional 4.82 units were acquired in connection with a June 15, 2026 dividend paid at $47.39 per share, with all units payable in cash according to his prior distribution election.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ANGEL STEPHEN F

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	187	$48.33	$9K

Holdings After Transaction: Phantom Stock — 2,021 shares (Indirect, CSX Executive Deferred Compensation Plan)

Footnotes (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. Includes 4.82 units of phantom stock acquired in connection with the payment of a dividend on June 15, 2026 at $47.39 per share. By Trustee, CSX Corporation Executive Deferred Compensation Plan.

Key Figures

Phantom stock units granted: 187 units Grant reference price: $48.33 per unit Total phantom units after grant: 2,021 units +2 more

5 metrics

Phantom stock units granted 187 units Grant under CSX Executive Deferred Compensation Plan

Grant reference price $48.33 per unit Economic equivalent of CSX common stock per phantom unit

Total phantom units after grant 2,021 units Balance following reported acquisition

Dividend-related phantom units 4.82 units Units acquired from June 15, 2026 dividend

Dividend reference price $47.39 per share Price used for dividend-related 4.82 units

Key Terms

Phantom Stock, Executive Deferred Compensation Plan, economic equivalent, distribution election

4 terms

Phantom Stock financial

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

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

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

economic equivalent financial

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

distribution election financial

"Units of phantom stock become payable, in cash, consistent with the Reporting Person's distribution election made at the time of deferral."

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:16 PM Accepted by SEC EDGAR 07/06/2026 - 04:15 PM

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)
07/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽¹⁾	07/01/2026		A		187		⁽¹⁾	⁽¹⁾	Common Stock	187	$48.33	2,021⁽²⁾	I	CSX Executive Deferred Compensation Plan⁽³⁾

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. Includes 4.82 units of phantom stock acquired in connection with the payment of a dividend on June 15, 2026 at $47.39 per share.

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

	Kacey Heekin-Luchin, Attorney-in-Fact	07/06/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CSX (CSX) report for Stephen F. Angel?

CSX reported that President & CEO Stephen F. Angel acquired 187 units of phantom stock. These units were granted under the CSX Executive Deferred Compensation Plan at $48.33 per unit and are economically equivalent to common shares but payable in cash later.

How many phantom stock units does Stephen F. Angel hold after this CSX (CSX) Form 4?

After the reported transaction, Stephen F. Angel holds 2,021 phantom stock units in the CSX Executive Deferred Compensation Plan. This total reflects the new 187-unit grant plus previously accumulated units, all tied to the value of CSX common stock.

What is phantom stock in the context of CSX (CSX) executive compensation?

For CSX, each phantom stock unit is the economic equivalent of one share of common stock. The units track the share value but are payable in cash at distribution, based on the executive’s deferral election rather than delivering actual shares.

How were dividends treated on CSX (CSX) phantom stock units for Stephen F. Angel?

Footnotes show that 4.82 phantom stock units were acquired in connection with a June 15, 2026 dividend at $47.39 per share. Instead of direct cash, the dividend amount increased Angel’s phantom stock balance within the deferred compensation plan.

Is the CSX (CSX) Form 4 transaction an open-market stock purchase?

No, the transaction is a grant of 187 phantom stock units under a deferred compensation plan. It is a compensation-related acquisition, not an open-market buy or sell of CSX common shares on a stock exchange.