Stephen F. Angel, President and CEO of CSX Corp, filed a Form 4 on November 4, 2026, disclosing an acquisition of 175 phantom stock units on November 2, 2026, through the company's Executive Deferred Compensation Plan.

Key Highlights

  • Reporting person: Stephen F. Angel, identified in the filing as President and CEO and a Director of CSX Corp.
  • Security acquired: 175 units of Phantom Stock, acquired on November 2, 2026, with transaction code A (acquired).
  • Price per unit: $51.62, as stated in the filing.
  • Post-transaction holdings: Angel beneficially owns 2,763 units of Phantom Stock following the reported transaction, held indirectly.
  • Ownership vehicle: Units are held indirectly by the Trustee of the CSX Corporation Executive Deferred Compensation Plan.
  • Phantom stock nature: According to the filing, "each unit of phantom stock is the economic equivalent of one share of Company common stock" and units "become payable, in cash, consistent with the Reporting Person's distribution election made at the time of deferral."

Stephen F. Angel's Phantom Stock Acquisition Under CSX Deferred Compensation Plan

According to the Form 4 filed with the SEC, Stephen F. Angel, who serves as President, CEO, and Director of CSX Corp (NASDAQ:CSX), acquired 175 units of Phantom Stock on November 2, 2026. The transaction was recorded at a price of $51.62 per unit and was classified under transaction code A, indicating an acquisition.

The filing explains that the phantom stock units are held indirectly through the Trustee of the CSX Corporation Executive Deferred Compensation Plan. Each unit, per the filing's disclosure, "is the economic equivalent of one share of Company common stock" but is ultimately settled in cash rather than shares. The timing and method of payout are governed by the reporting person's distribution election made at the time of deferral.

Following this transaction, Angel's total beneficial ownership of Phantom Stock units stands at 2,763, all held indirectly through the deferred compensation plan. No non-derivative securities transactions were reported in Table I of the filing. The Form 4 was signed by Kacey D. Heekin-Luchin, Attorney-in-Fact, on November 4, 2026.

What Was Disclosed

The filing disclosed an acquisition of 175 Phantom Stock units at $51.62 each by CSX Corp's President and CEO Stephen F. Angel on November 2, 2026, through the company's Executive Deferred Compensation Plan, bringing his total indirect holdings in that plan to 2,763 units.