Form 4: CSX CEO Stephen F. Angel Acquires Phantom Stock Units

CSX Corporation CEO Stephen F. Angel acquired 218 phantom stock units through the company's executive deferred compensation plan.

Summary

• Stephen F. Angel, President & CEO of CSX Corporation, acquired 218 units of phantom stock on April 1, 2026.
• The transaction was executed at a price of $41.44 per unit.
• These units are held indirectly through the CSX Executive Deferred Compensation Plan.
• Each unit of phantom stock represents the economic equivalent of one share of CSX common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding executive compensation.

Positives

• Demonstrates executive alignment with company performance through participation in the deferred compensation plan.

Negatives

• None identified.

Risks

• Value of phantom stock is tied directly to the market performance of CSX common stock.

Future Outlook

Not applicable as this is a routine insider transaction filing.

Industry Context

StockSavvy.ai notes that routine acquisitions of phantom stock by executives via deferred compensation plans are standard corporate governance practices intended to align management interests with long-term shareholder value.

Comparison to Industry Standards

• Consistent with standard executive compensation practices at major U.S. rail and logistics firms.
• Reflects typical participation in tax-deferred equity-linked compensation vehicles.

Related Party Transactions

• Transaction conducted through the CSX Executive Deferred Compensation Plan.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation-related transaction.

Next Steps

• No future actions or milestones mentioned.

Key Dates

Keywords

CSX, Insider Trading, Form 4, Executive Compensation, Phantom Stock