CSX Corp (CSX) SVP Maryclare Kenney receives new stock and option grants

Rhea-AI Filing Summary

Kenney Maryclare T. reported acquisition or exercise transactions in this Form 4 filing.

CSX Corp senior executive Maryclare T. Kenney reported new equity awards. On February 26, 2026, she was granted options on 46,759 shares and 9,379 shares of common stock under the CSX Corporation 2026-2028 Long-Term Incentive Plan.

The restricted stock units and options vest in three equal installments on February 26, 2027, February 26, 2028 and February 26, 2029. The filing also lists indirect holdings through the CSX Corporation 401(k) plan and a joint revocable trust.

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^*

Kenney Maryclare T.

(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)
	SVP & CCO

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		9,379(1)	A	$0	15,922	D
Common Stock								3,428	I	CSX Corporation 401(k) Plan(2)
Common Stock								4,154	I	Joint Revocable Trust

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		46,759(3)		(4)	02/26/2036	Common Stock	46,759	$0	46,759	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. 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.

3. Options awarded pursuant to the CSX Corporation 2026 - 2028 Long-Term Incentive Plan.

4. 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.
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FAQ

What insider transaction did CSX (CSX) report for Maryclare T. Kenney?

CSX reported that SVP & CCO Maryclare T. Kenney received equity awards, not an open-market trade. She was granted 46,759 stock options and 9,379 shares of common stock as part of the CSX Corporation 2026-2028 Long-Term Incentive Plan on February 26, 2026.

How many CSX stock options and shares were granted to Maryclare Kenney?

Maryclare Kenney received options on 46,759 CSX shares and an additional 9,379 shares of common stock. Both awards were granted at a reported price of $0.00 per share, reflecting compensatory grants rather than purchases funded with personal cash on the transaction date.

When do Maryclare Kenney’s CSX long-term incentive awards vest?

The restricted stock units and options vest in three equal installments. According to the plan terms, vesting occurs on February 26, 2027, February 26, 2028 and February 26, 2029, aligning these awards with CSX Corporation’s 2026-2028 Long-Term Incentive Plan performance and retention period.

Are Maryclare Kenney’s CSX awards part of a specific incentive plan?

Yes. The filing states the restricted stock units and options were granted pursuant to the CSX Corporation 2026-2028 Long-Term Incentive Plan. This plan provides long-term equity-based compensation designed to align executive interests with company performance over the 2026 through 2028 period.

What indirect CSX share holdings are reported for Maryclare Kenney?

The report shows indirect ownership of CSX common stock through two vehicles. One is the CSX Corporation 401(k) savings plan, where amounts track the CSX Stock Fund’s net asset value, and the other is a joint revocable trust holding additional shares for estate or financial planning purposes.

Did Maryclare Kenney buy or sell CSX shares in the market?

The transactions reported are grants and holdings, not open-market buys or sells. The Form 4 classifies the key entries under code A as grant or award acquisitions, with a transaction price per share of $0.00, indicating compensation-based equity awards instead of discretionary share purchases or sales.