CSX (CSX) COO awarded 75,982 options and 15,241 RSUs

Rhea-AI Filing Summary

Cory Michael A. reported acquisition or exercise transactions in this Form 4 filing.

CSX Corp EVP & COO Cory Michael A. reported equity awards on February 26, 2026. He was granted options on 75,982 shares and 15,241 restricted stock units under the CSX Corporation 2026-2028 Long-Term Incentive Plan.

The restricted stock units and options each vest in three equal installments on February 26 of 2027, 2028, and 2029, aligning his compensation with CSX’s multi-year performance.

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^*

Cory Michael A.

(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 & COO

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		15,241(1)	A	$0	95,991	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		75,982(2)		(3)	02/26/2036	Common Stock	75,982	$0	75,982	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).
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FAQ

What did CSX (CSX) EVP & COO Cory Michael A. report in this Form 4?

He reported equity awards granted on February 26, 2026, including stock options and restricted stock units. These awards come under CSX’s 2026-2028 Long-Term Incentive Plan and are structured to vest over three years, tying compensation to the company’s long-term performance.

How many stock options were granted to the CSX (CSX) EVP & COO?

He received options on 75,982 CSX shares at a grant price of zero, reflecting an equity award rather than an open-market purchase. The options were issued under the 2026-2028 Long-Term Incentive Plan and vest in three equal annual installments beginning February 26, 2027.

How many restricted stock units did the CSX (CSX) EVP & COO receive?

He was awarded 15,241 restricted stock units as part of CSX’s 2026-2028 Long-Term Incentive Plan. These units convert into common stock as they vest, in three equal installments on February 26, 2027, February 26, 2028, and February 26, 2029, subject to continued service and plan terms.

When do the CSX (CSX) executive’s new equity awards begin vesting?

Both the stock options and restricted stock units begin vesting on February 26, 2027. Vesting then continues in two additional equal installments on February 26, 2028, and February 26, 2029, creating a three-year schedule that encourages long-term alignment with CSX’s strategic and financial goals.

Are the CSX (CSX) equity awards an open-market stock purchase or a grant?

They are grants, not open-market purchases. The Form 4 uses transaction code “A” for grant or award, and the per-share price is shown as zero. Both the options and restricted stock units come from CSX’s 2026-2028 Long-Term Incentive Plan for executives.