Fortune Stephen 4

What Happened Stephen Fortune, EVP — CD & TO at CSX (CSX), had 5,578 shares withheld on Feb 13, 2026 to satisfy tax withholding related to vested restricted stock units (RSUs). The withholding occurred in three line items: 2,010 shares at $40.87 ($82,149), 1,711 shares at $40.87 ($69,929), and 1,857 shares at $40.87 ($75,896), for a combined value of $227,974. These entries are coded “F” on the Form 4, indicating a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (timely filing).
• Price per share: $40.87; total withheld: 5,578 shares for $227,974.
• Nature of transaction: F = withholding of shares to satisfy tax obligations on vested RSUs (not a voluntary market sale).
• Footnotes: Portions of the withheld shares include dividend-reinvested shares from past RSU grants (214 shares from 2/15/2023 grant; 126 shares from 2/16/2024 grant; 73 shares from 2/14/2025 grant).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context This was a cashless tax-withholding action tied to RSU vesting — common practice for executives to cover tax liabilities and does not by itself indicate a change in the insider’s view of the company. For retail investors, purchases are typically more informative than routine withholdings; this filing documents compensation tax mechanics rather than a deliberate market sale.