Boone Kevin S. 4
4 · CSX CORP · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
CSX CFO Kevin Boone Receives Award; 1,390 Shares Withheld
What Happened
- Kevin S. Boone, EVP & Chief Financial Officer of CSX Corporation (CSX), was granted 3,113 shares on 2026-01-23 under the 2023–2025 Long‑Term Incentive Plan (award, code A). To satisfy tax withholding on the award, 1,390 shares were withheld/disposed at a reported value of $36.64 per share, equal to $50,930 (code F).
Key Details
- Transaction date: January 23, 2026; Form 4 filed January 27, 2026 (timely filed within required business days).
- Award: 3,113 shares granted at $0.00 acquisition price (typical for restricted stock/RSU awards).
- Tax withholding: 1,390 shares withheld at $36.64/share → $50,930 to cover tax liability.
- Shares owned after transaction: the filing updates prior misreported holdings (footnote F3); exact post-transaction total is not specified in the provided details.
- Notable footnotes:
- F1: Award made under the 2023–2025 Long‑Term Incentive Plan.
- F2: Beneficial ownership includes 95 shares acquired via the CSX Employee Stock Purchase Plan (Dec 31, 2025).
- F3: Reporting corrects earlier misreported share counts on Forms 4 from Feb 2024.
- F4: Withholding of stock to satisfy tax obligations.
- F5: Trustee-held equivalent shares reported for the CSX Savings Thrift Plan.
Context
- This is an equity award (not an open‑market purchase or voluntary sale). Withholding shares to cover taxes is a standard administrative action and does not necessarily indicate a change in the insider’s view of the company.
- Codes: A = award/grant; F = shares withheld for tax withholding.
Insider Transaction Report
Form 4
CSX CORPCSX
Boone Kevin S.
EVP & CFO
Transactions
- Award
Common Stock
[F1][F2][F3]2026-01-23+3,113→ 201,768 total - Tax Payment
Common Stock
[F4]2026-01-23$36.64/sh−1,390$50,930→ 200,378 total
Holdings
- 1,754(indirect: By 401(k))
Common Stock
[F5] - 1,500(indirect: By Spouse)
Common Stock
Footnotes (5)
- [F1]Shares awarded pursant to the 2023-2025 Long-Term Incentive Plan.
- [F2]Includes 95 shares acquired under the CSX Employee Stock Purchase Plan on December 31, 2025.
- [F3]The total number of shares beneficially owned is being updated to reflect that certain shares were mistakenly incorrectly reported on the Reporting Person's Forms 4 filed on February 12, 2024 and February 20, 2024.
- [F4]Withholding of stock to satisfy tax obligation.
- [F5]By Trustee, CSX Corporation Savings Thrift Plan. The number reflects equivalent shares of cash value held in the CSX Stock Fund, which amounts will fluctuate dependent upon the daily net asset value of the fund.
Signature
Michael S. Burns, Attorney-in-Fact|2026-01-27