ANGEL STEPHEN F 4

What happened Stephen F. Angel, President & CEO (and Director) of CSX Corp (CSX), received a grant of 218 units of phantom stock (derivative award) on April 1, 2026. The units were valued at $41.44 each for a total grant value of $9,034. These are phantom (cash‑settled) stock units awarded under the CSX Executive Deferred Compensation Plan rather than actual share purchases.

Key details

• Transaction date: 2026-04-01 (Form filed 2026-04-02; filing appears timely).
• Type: Award/Grant (code A) of 218 phantom stock units at $41.44 per unit = $9,034.
• Shares/units owned after transaction: Not disclosed in this Form 4.
• Footnotes:
  • Units are phantom stock (economic equivalent to one share) and are cash‑settled per the executive's distribution election.
  • The grant includes 3.57 units credited for a dividend paid Mar 13, 2026 at $37.18/share.
  • Award held by Trustee of the CSX Executive Deferred Compensation Plan.
• This was a compensation award (derivative grant), not an open‑market purchase or sale.

Context Phantom stock units are a form of deferred compensation that pay out in cash (or equivalent) later and do not represent immediate ownership of company common stock. Such awards are common for executive pay and do not necessarily signal a personal buy/sell decision about the company's shares.