Form 4: CSX Executive Reports Stock Transactions

CSX EVP & COO Michael A. Cory reported the acquisition of 2,397 shares under a long-term incentive plan and the disposition of 528 shares for tax obligations.

Summary

• Michael A. Cory, CSX's Executive Vice President & Chief Operating Officer, reported changes in his beneficial ownership of CSX common stock.
• On January 23, 2026, Mr. Cory acquired 2,397 shares of common stock, awarded pursuant to the 2023-2025 Long-Term Incentive Plan.
• On the same date, he disposed of 528 shares of common stock at a price of $36.64 per share to satisfy tax obligations.
• The total number of shares beneficially owned by Mr. Cory following these transactions is 84,183.
• The reported beneficial ownership includes 411 shares acquired under the CSX Employee Stock Purchase Plan (ESPP) on June 30, 2025, and 352 shares acquired under the ESPP on December 31, 2025.
• The total number of shares beneficially owned has been updated to correct an incorrect reporting on Mr. Cory's Form 4 filed on February 20, 2024.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the executive receiving a stock award under an incentive plan, indicating ongoing compensation and alignment. This is balanced by the routine disposition for tax purposes and the correction of a previous reporting error, which are neutral to slightly negative administrative items.

Positives

• An executive received an award of 2,397 shares under the company's 2023-2025 Long-Term Incentive Plan, indicating ongoing executive compensation and alignment with company performance.

Negatives

• 528 shares were disposed of to cover tax obligations, which is a routine event but represents a reduction in direct beneficial ownership.
• A previous Form 4 filed on February 20, 2024, contained an incorrect reporting of shares, necessitating a correction in this filing.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This type of insider transaction report (Form 4) is a routine disclosure for executives of publicly traded companies, detailing changes in their beneficial ownership of company stock, often related to compensation plans and tax obligations. It provides transparency into executive holdings but typically does not reflect broader industry trends.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and compensation, which can be a factor in assessing management's alignment with shareholder interests.
• Employees: The mention of an Employee Stock Purchase Plan (ESPP) indicates a benefit available to employees, fostering broader employee ownership.

Key Dates

Keywords

CSX, Form 4, Insider Trading, Stock Award, Executive Compensation, Michael A. Cory, EVP & COO, Employee Stock Purchase Plan, Long-Term Incentive Plan