Form 4: CSX Corp: CEO Stephen F. Angel Reports Phantom Stock Transaction

CSX Corp. President & CEO Stephen F. Angel reported a transaction involving phantom stock units, with the earliest transaction date noted as June 1, 2026.

Summary

• Stephen F. Angel, President & CEO and Director of CSX Corp., reported a transaction on June 1, 2026, involving 197 units of phantom stock.
• These phantom stock units are economically equivalent to shares of CSX common stock and are payable in cash based on the reporting person's distribution election.
• The transaction code indicates an acquisition (A) of these phantom stock units.
• Following this transaction, Mr. Angel beneficially owns 1,829 units of phantom stock indirectly through the CSX Executive Deferred Compensation Plan, held by a trustee.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine insider transaction related to executive compensation rather than significant financial performance or strategic shifts.

Positives

• The reporting person, a key executive and director, is actively participating in equity-based compensation plans.
• The transaction indicates continued engagement with the company's long-term incentive structure.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future financial performance. It solely reports a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in the transportation and logistics industry, providing transparency on executive holdings and compensation.

Stakeholder Impact

• Shareholders: Increased transparency regarding executive holdings and compensation plans.

Key Dates

Keywords

CSX Corp, Form 4, Stephen F. Angel, Phantom Stock, Executive Compensation, Insider Transaction, SEC Filing, Beneficial Ownership