Burns Michael S. 4

What Happened
Michael S. Burns, Senior Vice President, Chief Legal Officer & Corporate Secretary of CSX Corporation (CSX), received awards/acquisitions on February 26, 2026 totaling 49,121 shares. The filing shows 40,914 derivative shares (awarded as restricted stock units under the 2026–2028 Long‑Term Incentive Plan) and 8,207 equivalent shares held by the trustee in the CSX Savings Thrift Plan. Both line items were reported at $0.00 (award/issuance).

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (filed several days after the transaction; outside the typical 2-business-day reporting window).
• Awards reported: 40,914 restricted stock units (RSUs); 8,207 thrift-plan equivalent shares — total 49,121 shares. Reported acquisition price: $0.00.
• Vesting/notes: RSUs vest in three equal installments on Feb 26 of 2027, 2028 and 2029 (footnote). Thrift-plan shares reflect cash-value equivalent in the CSX Stock Fund and will fluctuate with fund NAV.
• Shares owned after transaction: not specified in the filing.
• Transaction type: Award/Acquisition (not an open-market purchase or sale).

Context
These are compensation-related awards (RSUs and employee-plan holdings), which are routine for executives and do not necessarily indicate immediate buying or selling intent. The RSUs vest over three years; they are derivative awards and not exercised options or sales. The filing date suggests the Form 4 was submitted after the usual 2-business-day window for Section 16 reporting.