Cory Michael A. 4

What Happened

• Cory Michael A., Executive Vice President & Chief Operating Officer of CSX (CSX), was granted 2,397 shares under CSX's long-term incentive plan on January 23, 2026. To satisfy tax withholding, 528 of those shares were withheld/disposed at $36.64 per share, producing proceeds of $19,346. The award itself is reported as an acquisition with $0.00 per-share purchase price (standard for granted restricted stock or similar awards).

Key Details

• Transaction date: 2026-01-23 (Form 4 filed 2026-01-27 — filed within the required two business days).
• Award: 2,397 shares granted under the 2023–2025 Long-Term Incentive Plan (footnote F1).
• Tax withholding: 528 shares withheld/disposed to satisfy tax obligation at $36.64/share, totaling $19,346 (footnote F4).
• Other notes from the filing:
  • The filing notes prior corrections to the Reporting Person’s beneficial ownership on a Form 4 filed Feb 20, 2024 (footnote F3).
  • The filing references ESPP purchases of 411 shares (6/30/2025) and 352 shares (12/31/2025) in the ownership tally (footnote F2).
• Shares owned after the transaction: not specified in the supplied summary of the filing (the Form 4 updates beneficial ownership but the total is not provided here).

Context

• This filing reflects an award grant with routine tax withholding rather than an open-market sale or a purchase — withholding is a common method to satisfy tax liabilities on equity awards and is typically not interpreted as a market-timing signal. The filing was made within the normal two-business-day window, so it appears timely.