CHAND M RIZWAN 4

What Happened

• Chand M. Rizwan, Chief Human Resources Officer at CSX Corp (CSX), received a grant of 93,541 derivative awards on February 23, 2026. The Form 4 reports an acquisition price of $0.00 (common for option grants) — no cash was paid at grant. These awards are stock options issued under the 2019 CSX Stock and Incentive Award Plan.

Key Details

• Transaction date: 2026-02-23 (reported on Form 4 filed 2026-02-24).
• Quantity: 93,541 options (reported as derivative acquisition).
• Reported price: $0.00 on the Form 4 (typical for awards; not a cash purchase).
• Vesting: Options vest on February 23, 2029 (per filing footnote).
• Plan: Awarded under the 2019 CSX Stock and Incentive Award Plan (footnote).
• Shares owned after transaction: Not provided in the supplied excerpt.
• Filing timeliness: Filed the next day (appears timely based on provided dates).

Context

• This is an equity compensation grant, not an open‑market purchase or sale. It gives the holder the right to buy CSX shares in the future if vesting conditions are met; it does not necessarily indicate an immediate bullish or bearish signal. Retail investors should note vesting and exercise terms (and any exercise price disclosed elsewhere) to assess potential dilution or future insider purchases.