ANGEL STEPHEN F 4

What Happened Stephen F. Angel, President & CEO and a director of CSX Corporation (CSX), was awarded 197 units of phantom stock on June 1, 2026. The filing lists an imputed price of $45.86 per unit, for a total economic value of $9,034. This was a grant/award (derivative units) under the company’s deferred compensation plan, not an open-market purchase of common shares.

Key Details

• Transaction date: 2026-06-01; filing date: 2026-06-02 (timely Form 4).
• Transaction type/code: A (Award/Grant — derivative).
• Units granted: 197 phantom stock units at $45.86 each; total value $9,034.
• Shares owned after transaction: Not specified in the information provided.
• Footnotes: F1 — each phantom unit equals the economic equivalent of one common share and will be paid in cash per the reporting person’s distribution election; F2 — award made by the Trustee of the CSX Corporation Executive Deferred Compensation Plan.

Context Phantom stock units are a cash-settled form of executive compensation that mirror the economic value of common shares but do not convey voting rights or immediate ownership of stock. Such grants are routine compensation and should be viewed differently than open-market purchases (which can signal personal investment) or sales. This grant is modest in value and reflects deferred pay under CSX’s executive plan rather than a direct equity purchase.