Form 4: CSX SVP & CCO Maryclare Kenney Reports Stock Transactions

CSX Senior Vice President and Chief Commercial Officer Maryclare T. Kenney reported the acquisition of 355 shares and the disposition of 158 shares for tax obligations.

Summary

• Maryclare T. Kenney, SVP & CCO of CSX Corp, reported transactions involving CSX common stock.
• On January 23, 2026, Kenney acquired 355 shares of common stock as an award under the 2023-2025 Long-Term Incentive Plan.
• On the same date, 158 shares of common stock were disposed of at a price of $36.64 per share to satisfy tax obligations.
• Following these transactions, Kenney directly beneficially owns 7,427 shares of CSX common stock.
• Additionally, Kenney indirectly beneficially owns 3,402 shares through the CSX Corporation 401(k) Plan and 4,154 shares through a Joint Revocable Trust.
• The reported direct beneficial ownership of 7,585 shares after the award transaction included 140 shares acquired under the CSX Employee Stock Purchase Plan on December 31, 2025.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions, including a stock award which is positive, and a tax-related disposition which is neutral. No significant positive or negative news for the company's operations or financials.

Positives

• Acquisition of 355 shares of common stock as an award under the 2023-2025 Long-Term Incentive Plan, indicating performance-based compensation and alignment of executive interests.
• Acquisition of 140 shares under the CSX Employee Stock Purchase Plan on December 31, 2025, showing continued investment by an insider.

Negatives

• Disposition of 158 shares of common stock at $36.64 per share to satisfy tax obligations, which represents a reduction in direct holdings.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor impact as these are routine insider compensation and tax-related transactions, indicating continued alignment of executive interests with shareholders through equity ownership.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions for an executive, including a stock award and a tax-related disposition. Such filings typically do not provide new information that would warrant a change in investment recommendation for the underlying stock. The transactions reflect standard compensation practices and tax management, rather than a change in the company's fundamental outlook or performance. Therefore, a 'hold' recommendation is appropriate as there's no new material information to alter an existing investment thesis.

Keywords

CSX, Maryclare T. Kenney, Insider Trading, Form 4, Stock Award, Tax Withholding, Long-Term Incentive Plan, Employee Stock Purchase Plan, Common Stock