ANGEL STEPHEN F 4

What Happened

• Stephen F. Angel, President & CEO (and Director) of CSX Corporation (CSX), received a grant of 235 phantom stock units on February 2, 2026. The units are reported at $38.39 each for a total reported value of $9,022. This filing reflects an award/grant (transaction code A) and is a derivative (phantom stock) award rather than an outright stock purchase.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-03 (timely).
• Grant: 235 phantom stock units @ $38.39 per unit; total reported value $9,022.
• Security type: Derivative (phantom stock units) awarded under CSX Corporation Executive Deferred Compensation Plan.
• Footnotes: F1 — Each phantom unit equals the economic value of one common share and is payable in cash per the reporting person’s distribution election. F2 — Units are held/allocated by the Plan trustee.
• Shares owned after transaction: Not specified in this Form 4.
• Exhibit note: Power of Attorney attached as Exhibit 24.

Context

• Phantom stock units are a cash-settled form of equity compensation that track the value of common shares; they do not immediately create new shares or represent an open-market purchase. Such awards are commonly used for deferred compensation and do not by themselves signal a buy/sell decision by the insider.