Begeman Ann D. 4

What Happened

• Ann D. Begeman, a director of CSX Corporation (CSX), was issued 4,455 shares on February 26, 2026 as an award/grant (transaction code A). The shares were reported at $0.00 per share (no cash purchase); the filing does not state a market value or total post-transaction holdings. This was a compensation award (conversion of director fees), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-03-02 (timely — filed within the required 2 business days).
• Shares acquired: 4,455; Price reported: $0.00; Reported dollar amount: $0.
• Shares owned after transaction: not specified in the Form 4 filing.
• Notable footnotes:
  • F1: Shares issued as exempt payment of director fees/annual retainer under the 2019 CSX Stock and Incentive Award Plan.
  • F2: Shares are held by a trustee under the CSX Directors Deferred Compensation Plan and are payable after the reporting person ceases to be a director (per deferral election).
  • F3: Some shares may be held by a trustee under a Fidelity Self‑Employed 401(k) Plan.
• Exhibit note: Power of Attorney attached as Exhibit 24.

Context

• This was a routine director compensation award (conversion of fees to stock) and therefore should be viewed as ordinary compensation rather than a direct buy or sell signal. Because the shares are held in trustee accounts and may be payable only after departure from the board, they don’t necessarily reflect immediate voting or sale intent.