ANGEL STEPHEN F 4

What Happened
Stephen F. Angel (President & CEO, Director of CSX Corp., ticker: CSX) received equity awards on February 26, 2026 totaling 378,924 units. The filing shows 63,306 restricted stock units (RSUs) acquired at $0.00 and 315,618 derivative awards (awarded options/other derivative grants) acquired at $0.00. These are grants/awards, not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (timely filing).
• Awards: 63,306 RSUs (F1) and 315,618 derivative awards (options/derivatives; F3). Total = 378,924. Price reported: $0.00 (grant).
• Vesting: RSUs and derivative awards vest in three equal installments on Feb 26, 2027; Feb 26, 2028; and Feb 26, 2029 (F1, F4).
• Trustee note: some reported amounts may reflect equivalent shares/cash value held in the CSX Savings Thrift Plan (F2) and can fluctuate with the fund NAV.
• Shares owned after the transaction are not specified in the provided summary of the filing.
• Transaction code: A = Award/Grant. This is not an exercise (no immediate sale or cashless exercise was reported).

Context
These grants are routine executive compensation under CSX’s 2026–2028 Long-Term Incentive Plan and vest over three years. Because they are awards (no cash paid and no sale), they do not reflect an immediate buy or sell decision by the insider; instead they represent future equity compensation that will vest according to the schedule.