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CSX (CSX) EVP Stephen Fortune granted stock options and RSUs under 2026-2028 plan

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

Rhea-AI Filing Summary

Fortune Stephen reported acquisition or exercise transactions in this Form 4 filing.

CSX CORP executive Stephen Fortune, EVP - CD & TO, reported equity awards under the company’s 2026-2028 Long-Term Incentive Plan. On February 26, 2026, he received 54,357 options and 10,903 shares of common stock in the form of restricted stock units.

The options and restricted stock units each vest in three equal installments on February 26, 2027, February 26, 2028, and February 26, 2029, encouraging longer-term alignment between the executive and shareholders.

Positive

  • None.

Negative

  • None.
Insider Fortune Stephen
Role EVP - CD & TO
Type Security Shares Price Value
Grant/Award Option 54,357 $0.00 --
Grant/Award Common Stock 10,903 $0.00 --
Holdings After Transaction: Option — 54,357 shares (Direct); Common Stock — 87,772 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*
Fortune Stephen
(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)
EVP - CD & TO
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 10,903(1) A $0 87,772 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 54,357(2) (3) 02/26/2036 Common Stock 54,357 $0 54,357 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) executive Stephen Fortune report on this Form 4?

Stephen Fortune reported equity awards under CSX’s 2026-2028 Long-Term Incentive Plan. He received stock options and restricted stock units, increasing his direct equity exposure and tying more of his compensation to CSX’s future performance over several years.

How many stock options did Stephen Fortune receive from CSX (CSX)?

Stephen Fortune received 54,357 stock options from CSX. These options were granted under the 2026-2028 Long-Term Incentive Plan and vest in three equal installments, aligning the award with multi-year company performance and continued executive service.

How many CSX (CSX) common shares were granted as restricted stock units?

Stephen Fortune was granted 10,903 restricted stock units representing CSX common stock. These units are part of the company’s long-term incentive program and are designed to vest over time, linking his compensation more closely to CSX’s share performance.

What is the vesting schedule for Stephen Fortune’s CSX equity awards?

Both the options and restricted stock units vest in three equal installments. Vesting dates are February 26, 2027, February 26, 2028, and February 26, 2029, encouraging long-term retention and performance alignment between the executive and CSX shareholders.

Are Stephen Fortune’s CSX (CSX) equity awards direct or indirect holdings?

The reported equity awards are held as direct ownership. The Form 4 lists the ownership type as direct, with no footnote stating that another entity or person holds voting or investment authority over these CSX securities.

Do Stephen Fortune’s CSX awards involve open-market buying or selling?

The transactions are coded as grants or awards, not market trades. The Form 4 shows acquisition transactions at a price of $0.0000 per share, reflecting compensation awards rather than open-market purchases or sales of CSX stock.