ANGEL STEPHEN F 4

What Happened
Stephen F. Angel, President & CEO and a director of CSX Corporation (CSX), acquired 25,000 shares on March 6, 2026 in open-market purchases. The reported weighted-average price was $40.27 per share, for a total reported outlay of approximately $1,006,750. This was a straight purchase (transaction code P), not an option exercise or award.

Key Details

• Transaction date: 2026-03-06 (reported same day).
• Price: Weighted average $40.27; purchases occurred at prices ranging $40.16–$40.32 (F1).
• Shares acquired: 25,000; reported total value ≈ $1,006,750.
• Shares owned after transaction: Not specified in this Form 4.
• Method: Open market or private purchase (code P).
• Footnotes: F1 explains the weighted-average price and offers to provide per-trade detail on request. F2 notes holdings reported via trustee (CSX Savings Thrift Plan) reflect equivalent shares/cash value in the CSX Stock Fund and can fluctuate with NAV.
• Timeliness: Filing appears timely (report and filing dated 2026-03-06).

Context: This was a direct open-market purchase by the CEO (not a grant, exercise, or gift). Purchases by insiders are often viewed as stronger signals of confidence than routine sales, but the filing itself is factual and does not state a motive.