Hilal Paul C 4

What Happened

• Paul C. Hilal, Vice Chairman and director of CSX Corporation (CSX), was granted 4,455 shares on 2026-02-26. The shares were recorded at $0.00 on the Form 4 because they were issued as compensation (an award) rather than purchased for cash.

Key Details

• Transaction date: 2026-02-26; filing date: 2026-03-02 (filed within the required reporting window).
• Transaction type/code: Award/Grant (A); shares acquired: 4,455; acquisition price reported: $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnote F1: The shares were an exempt payment of director fees and/or annual retainer under the 2019 CSX Stock and Incentive Award Plan.
• Footnote F2: Hilal may be deemed the beneficial owner of additional CSX shares held by entities he controls, though he disclaims beneficial ownership except for any pecuniary interest.

Context

• This was a compensatory director award (not a market purchase or sale), which is common for board pay and does not necessarily signal a change in personal trading stance. The filing appears timely under Section 16 reporting rules.