CSX CEO Stephen Angel awarded phantom stock units

ANGEL STEPHEN F reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 08/05/2026 - 04:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

ANGEL STEPHEN F reported acquisition or exercise transactions in this Form 4 filing.

CSX CORP President & CEO Stephen F. Angel reported a grant of 181.0000 units of Phantom Stock on 2026-08-03 at $49.8300 per unit. These units are held indirectly through the CSX Executive Deferred Compensation Plan, are economically equivalent to common stock, payable in cash per his distribution election, and increase his reported phantom stock balance to 2202.0000 units.

Insider Trade Summary

Grant/Award: 181 shares

Grant/Award 1 txn

Insider ANGEL STEPHEN F

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock F1, F2	181	$49.83	$9K

Holdings After Transaction: Phantom Stock — 2,202 units (Indirect, CSX Executive Deferred Compensation Plan)

Footnotes (2)

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. By Trustee, CSX Corporation Executive Deferred Compensation Plan.

Key Figures

Phantom stock units granted: 181.0000 units Grant price per phantom unit: $49.8300 per unit Phantom stock units after grant: 2202.0000 units

3 metrics

Phantom stock units granted 181.0000 units Grant to Stephen F. Angel on 2026-08-03

Grant price per phantom unit $49.8300 per unit Value assigned to Phantom Stock units on transaction date

Phantom stock units after grant 2202.0000 units Total reported phantom stock holdings following the transaction

Key Terms

Phantom Stock, Executive Deferred Compensation Plan, economic equivalent

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."

economic equivalent financial

"Each unit of phantom stock is the economic equivalent of one share"

FAQ

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

What insider transaction did CSX (CSX) report for Stephen F. Angel?

CSX reported that President & CEO Stephen F. Angel received 181.0000 units of Phantom Stock on 2026-08-03 at $49.8300 per unit. The award is held through the CSX Executive Deferred Compensation Plan and raises his phantom stock balance to 2202.0000 units.

What is the phantom stock reported in the CSX (CSX) Form 4?

The phantom stock consists of units that are economically equivalent to one share of CSX common stock. According to the footnote, these units are paid out in cash consistent with Stephen F. Angel’s distribution election made at the time of deferral.

How many phantom stock units does the CSX (CSX) CEO hold after this grant?

After the reported award, Stephen F. Angel holds 2202.0000 units of Phantom Stock. This reflects the addition of 181.0000 units granted on 2026-08-03, all tracked as indirect holdings in the CSX Executive Deferred Compensation Plan.

Is the CSX (CSX) CEO’s phantom stock held directly or indirectly?

The phantom stock units are reported as held indirectly by a trustee under the CSX Corporation Executive Deferred Compensation Plan. The Form 4 identifies the nature of ownership as plan-based, rather than direct personal share ownership by Stephen F. Angel.

Does this CSX (CSX) Form 4 show an open-market stock purchase or sale?

No. The Form 4 reports a grant or award acquisition of phantom stock units, coded as transaction type “A.” It is a derivative compensation entry in a deferred compensation plan, not an open-market buy or sell of CSX common shares.

How will the CSX (CSX) phantom stock units be settled for the CEO?

The phantom stock units will be paid in cash, not in shares. Payment timing follows Stephen F. Angel’s distribution election made when he deferred compensation into the plan, as described in the transaction footnote.

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

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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)
08/03/2026

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)	08/03/2026		A		181		(1)	(1)	Common Stock	181	$49.83	2,202	I	CSX Executive Deferred Compensation Plan(2)

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. By Trustee, CSX Corporation Executive Deferred Compensation Plan.

	Kacey D. Heekin-Luchin, Attorney-in-Fact	08/05/2026
	** 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)