CSX CEO Stephen F. Angel Receives Phantom Stock Award

What Happened
Stephen F. Angel, President & CEO and a director of CSX Corporation (CSX), was granted 185 units of phantom stock (a derivative award) on 2026-09-01. The filing values the award at $48.70 per unit, for a total economic value of $9,010. This was an award/acquisition under the company’s deferred compensation arrangements, not an open‑market purchase of actual shares.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-02 (appears timely).
• Transaction type/code: Award/Grant (A) — derivative (phantom stock units).
• Units granted: 185; per-unit value used in filing: $48.70; total value: $9,010.
• Shares/units owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each phantom stock unit equals the economic value of one share and is payable in cash per the reporting person’s deferral election. F2 — award held/issued by the CSX Corporation Executive Deferred Compensation Plan trustee.

Context
Phantom stock units are cash‑settled derivatives that mirror the economic value of company shares; they do not transfer voting rights or actual shares unless converted under plan terms. Such awards are typically part of executive compensation and should be viewed as compensation-related rather than a direct open‑market buy indicating personal bullishness.