ANGEL STEPHEN F 4

What Happened

• Stephen F. Angel, President & CEO and a director of CSX Corp (CSX), was granted 200 phantom stock units on May 1, 2026. The units are valued at $45.09 each, for a total economic value of $9,018. This is an award (code A) of a derivative security, not a cash purchase or sale.

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-05 (filed within required Form 4 timeframe).
• Instrument: 200 phantom stock units (derivative), $45.09 per unit, total $9,018.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 — Each phantom unit equals the economic equivalent of one share and will be paid in cash per the reporting person’s deferral/distribution election. F2 — Grant is by the Trustee under the CSX Corporation Executive Deferred Compensation Plan.
• Transaction code: A (award/grant).

Context

• Phantom stock units are a deferred-compensation vehicle that track the value of company stock but are typically settled in cash; they do not confer voting rights or immediate share ownership. Such awards are common for executive compensation and should be viewed as part of pay, not a market purchase or sale.