Director Halverson adds 4,455 CSX (CSX) shares via deferred fee award

Rhea-AI Filing Summary

CSX director Steven T. Halverson acquired 4,455 shares of CSX common stock on February 26, 2026 as an exempt payment of director fees and/or annual retainer in stock under the 2019 CSX Stock and Incentive Award Plan. The shares are held indirectly through the CSX Directors Deferred Compensation Plan, bringing his indirect holdings in this plan to 336,160 shares, including 5,214 shares gained from dividend reinvestment since February 14, 2025. These deferred shares are payable after he ceases to be a director or as specified in his deferral election.

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

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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^*

Halverson Steven T

(Last) (First) (Middle)

CSX CORPORATION

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		4,455(1)	A	$0	336,160(2)	I	CSX Corporation Directors Deferred Compensation(3)

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

Explanation of Responses:

1. Exempt payment of director's fees and/or annual retainer in the form of CSX Common Stock pursuant to the 2019 CSX Stock and Incentive Award Plan.

2. Includes 5,214 shares acquired through the reinvestment of dividends since February 14, 2025, the date of the last reportable transaction.

3. By Trustee, CSX Directors Deferred Compensation Plan (the "Plan"). The shares are payable after the reporting person ceases to be a director or otherwise pursuant to the applicable deferral election under the Plan.

Remarks:

Power of Attorney is attached as Exhibit 24 hereto.

	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.
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FAQ

What did CSX (CSX) director Steven T. Halverson report on this Form 4?

Steven T. Halverson reported acquiring 4,455 CSX common shares as director compensation. The award was made in stock instead of cash fees under the 2019 CSX Stock and Incentive Award Plan and is held in a deferred compensation account.

How many CSX (CSX) shares does Steven T. Halverson now hold indirectly in the plan?

After this transaction, Steven T. Halverson indirectly holds 336,160 CSX shares in the CSX Directors Deferred Compensation Plan. This total includes both the new 4,455-share award and shares accumulated previously through fee deferrals and dividend reinvestment.

What is the nature of the CSX (CSX) stock award reported by Halverson?

The award is an exempt payment of director’s fees or annual retainer in CSX common stock. It was granted under the 2019 CSX Stock and Incentive Award Plan and is classified as a grant, award, or other acquisition with no cash purchase price per share.

How were dividends treated on Steven T. Halverson’s CSX (CSX) deferred shares?

Dividend payments on the deferred shares were reinvested to acquire additional CSX shares. The filing notes that 5,214 shares were added through dividend reinvestment since February 14, 2025, increasing the total indirect holdings in the deferred compensation plan.

When will Steven T. Halverson receive the CSX (CSX) deferred compensation shares?

The deferred compensation shares are payable after Halverson ceases to be a CSX director or in accordance with his deferral election. The plan allows distributions based on those elections rather than immediate delivery of the common stock.

Through what entity are Steven T. Halverson’s CSX (CSX) deferred shares held?

The shares are held by the trustee of the CSX Directors Deferred Compensation Plan. The filing describes the holdings as indirect ownership, reflecting that the plan’s trustee holds the stock on behalf of the director under his deferral arrangements.