CSX CEO Stephen F. Angel acquires 194 stock-linked units

The phantom stock units are economically equivalent to CSX common shares but are payable in cash under the plan’s distribution election.

Rhea-AI Filing Summary

CSX President & CEO Stephen F. Angel reported an indirect acquisition of 194 phantom stock units on October 1, 2026, at $46.54 per share, transacted by the trustee of the CSX Corporation Executive Deferred Compensation Plan. His reported post-transaction position was 2,588 units. Each unit is economically equivalent to one CSX common share and is payable in cash under the distribution election made when deferred.

Insider Trade Summary

Grant/Award: 194 shares

Grant/Award 1 txn

Insider ANGEL STEPHEN F

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock F1, F2, F3	194	$46.54	$9K

Holdings After Transaction: Phantom Stock — 2,588 contracts (Indirect, CSX Executive Deferred Compensation Plan)

Footnotes (3)

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. Includes 6.34 units of phantom stock acquired in connection with the payment of a dividend on September 15, 2026 at $48.66 per share.
3. F3. By Trustee, CSX Corporation Executive Deferred Compensation Plan.

Key Figures

Phantom stock units acquired: 194 units Transaction price per share: $46.54 per share Reported post-transaction position: 2,588 units +2 more

5 metrics

Phantom stock units acquired 194 units October 1, 2026

Transaction price per share $46.54 per share For the phantom stock acquisition on October 1, 2026

Reported post-transaction position 2,588 units Includes 6.34 units acquired in connection with a dividend payment

Units acquired in connection with dividend payment 6.34 units September 15, 2026

Price per share for dividend-related units $48.66 per share Dividend payment on September 15, 2026

Key Terms

Phantom Stock, Executive Deferred Compensation Plan, distribution election

3 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.

Executive Deferred Compensation Plan financial

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

distribution election financial

"consistent with the Reporting Person's distribution election"

FAQ

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

How many phantom stock units were in Stephen F. Angel’s reported CSX position after the transaction?

The reported post-transaction position was 2,588 phantom stock units. That amount includes 6.34 units acquired in connection with a dividend payment on September 15, 2026, at $48.66 per share.

How are CSX phantom stock units settled?

Each unit is the economic equivalent of one share of CSX common stock. Units become payable in cash, consistent with Stephen F. Angel’s distribution election made at the time of deferral.

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

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Available on EDGAR 10/05/2026 - 04:10 PM Accepted by SEC EDGAR 10/05/2026 - 04:10 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)
10/01/2026

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)	10/01/2026		A		194		(1)	(1)	Common Stock	194	$46.54	2,588(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 6.34 units of phantom stock acquired in connection with the payment of a dividend on September 15, 2026 at $48.66 per share.

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

	Kacey D. Heekin-Luchin, Attorney-in-Fact	10/05/2026
	** 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)