CSX (CSX) CHRO awarded 93,541 stock options vesting in 2029

Rhea-AI Filing Summary

CHAND M RIZWAN reported acquisition or exercise transactions in this Form 4 filing.

CSX CORP reported that Chief Human Resources Officer Rizwan M. Chand received a grant of 93,541 stock options on February 23, 2026. The options were awarded under the 2019 CSX Stock and Incentive Award Plan and vest on February 23, 2029.

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^*

CHAND M RIZWAN

(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)
	CHRO

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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	$41.97	02/23/2026		A		93,541(1)		(2)	02/23/2036	Common Stock	93,541	$0	93,541	D

Explanation of Responses:

1. Options awarded pursuant to the 2019 CSX Stock and Incentive Award Plan.

2. The options vest on February 23, 2029.

	Kacey D. Heekin-Luchin, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
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FAQ

What did CSX (CSX) disclose in this Form 4 filing?

CSX disclosed that its Chief Human Resources Officer, Rizwan M. Chand, received a grant of 93,541 stock options under the 2019 CSX Stock and Incentive Award Plan, with the entire award scheduled to vest on February 23, 2029.

How many stock options were granted to CSX CHRO Rizwan M. Chand?

Rizwan M. Chand was granted 93,541 stock options. These options were issued as a single equity award pursuant to the 2019 CSX Stock and Incentive Award Plan and are held directly, according to the Form 4 insider transaction disclosure.

When do the stock options granted to CSX CHRO Rizwan M. Chand vest?

The stock options granted to Rizwan M. Chand vest on February 23, 2029. This single vesting date applies to the full 93,541-option grant issued under CSX’s 2019 Stock and Incentive Award Plan, as detailed in the Form 4 footnotes.

Under what plan were the CSX stock options to Rizwan M. Chand awarded?

The options were awarded under the 2019 CSX Stock and Incentive Award Plan. This plan governs the grant of equity-based incentives such as stock options to CSX executives, including the 93,541-option award to Chief Human Resources Officer Rizwan M. Chand.

Is the option grant to CSX CHRO Rizwan M. Chand a direct holding?

Yes, the Form 4 shows the option award as a direct holding. The ownership code is listed as “D” for direct, with 93,541 options reported following the transaction, all attributed personally to Rizwan M. Chand.

What transaction code is used for Rizwan M. Chand’s CSX option grant?

The transaction uses code “A,” indicating a grant, award, or other acquisition. This reflects that the 93,541 stock options were granted to Rizwan M. Chand as compensation, rather than purchased or sold in an open-market transaction.