Kenney Maryclare T. 4

What Happened

• Maryclare T. Kenney, Senior Vice President & Chief Commercial Officer of CSX (CSX), was granted equity awards on 2026-02-26: 9,379 restricted stock units (RSUs) and 46,759 derivative units. Both grants were recorded at $0.00 per share (no cash paid). Combined, the awards total 56,138 units.

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filed within the two-business-day reporting window).
• Price: $0.00 per unit (awarded, not purchased).
• Vesting for the RSUs (F1): the 9,379 RSUs vest in three equal installments on Feb 26 of 2027, 2028 and 2029.
• Derivative units (46,759) (F2): reported "by Trustee, CSX Corporation Savings Thrift Plan" — these reflect equivalent shares of cash value held in the CSX Stock Fund and will fluctuate with the fund’s net asset value.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 and F2 apply to these grants. The filing also lists generic footnotes about options (F3/F4) for the plan but no option grants are included in these transactions.

Context

• These are awards/grants (A code) — not open-market purchases or sales — so they reflect compensation/plan-based equity, not an immediate bullish or bearish trading signal.
• RSUs typically convert to common shares as they vest; the derivative units tied to the thrift plan represent cash-equivalent share interests that will change with the fund value.