Boone Kevin S. 4
4 · CSX CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
CSX CFO Kevin Boone Withholds 7,558 Shares for Taxes
What Happened
Kevin S. Boone, EVP & CFO of CSX Corp (CSX), had a total of 7,558 shares withheld on Feb 13, 2026 to satisfy tax obligations related to restricted stock units (RSUs). The withholdings occurred at $40.87 per share in three dispositions: 2,724 shares ($111,330), 2,318 shares ($94,737), and 2,516 shares ($102,829), for a combined cash value of approximately $308,896. These are tax-withholding dispositions (code F), not open-market selling for investment purposes.
Key Details
- Transaction date: February 13, 2026. Price per share: $40.87.
- Individual disposals: 2,724 shares ($111,330); 2,318 shares ($94,737); 2,516 shares ($102,829). Total withheld: 7,558 shares (~$308,896).
- Shares owned after transaction: Not disclosed in the information provided in this summary — see the full Form 4 for post-transaction holdings.
- Footnotes of note:
- F1: Withholding of stock to satisfy tax obligation (these dispositions).
- F2–F4: Counts include shares acquired via dividend reinvestment from RSU grants dated Feb 15, 2023 (291 shares), Feb 16, 2024 (171 shares), and Feb 14, 2025 (99 shares).
- F5: Some holdings reflect plan shares held by the trustee of the CSX Savings Thrift Plan (cash-equivalent shares).
- Filing: Form 4 filed Feb 18, 2026. This appears to meet the two-business-day SEC filing requirement (Feb 16, 2026 was a holiday), so the filing is timely.
- Remark: Power of Attorney referenced as Exhibit 24 in the filing.
Context
These transactions are routine tax-withholding events tied to RSU vesting (a form of compensation). Withholding shares to satisfy taxes (code F) is common and does not necessarily signal an intentional sale by the insider for investment reasons. For full details on holdings, vesting schedule, or related RSU grants, consult the complete Form 4 filing (Accession 0001193125-26-057129).
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-13$40.87/sh−2,724$111,330→ 197,945 total - Tax Payment
Common Stock
[F1][F3]2026-02-13$40.87/sh−2,318$94,737→ 195,798 total - Tax Payment
Common Stock
[F1][F4]2026-02-13$40.87/sh−2,516$102,829→ 193,381 total
- 1,753(indirect: By 401(k))
Common Stock
[F5] - 1,500(indirect: By Spouse)
Common Stock
Footnotes (5)
- [F1]Withholding of stock to satisfy tax obligation.
- [F2]Includes 291 shares acquired through the reinvestment of dividends since February 15, 2023, the grant date of the restricted stock units ("RSUs").
- [F3]Includes 171 shares acquired through the reinvestment of dividends since February 16, 2024, the grant date of the RSUs.
- [F4]Includes 99 shares acquired through the reinvestment of dividends since February 14, 2025, the grant date of the RSUs.
- [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.