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CSXCSX Corporation · Insider ownership research

CSX Corporation insiders sold $18.6M in the past 12 months. How much of their stake is that?

About 12% overall. As a group they ended with more shares than they started with. The biggest seller whose stake can be measured, Diana Sorfleet, gave up 67% of starting holdings. These figures leave out Steven Halverson, the largest holder (most holdings were last confirmed in 2023).

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 309 of the 416 other companies we can measure (#108 of 417)See ranking
1
buyer among officers and directors (2 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
6 of 21
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026
Sep 25, 2026Michael Cory had 13K shares ($590K) withheld by the company for taxes (not a market sale). That is 13% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Michael Cory
EVP & COO
12,611$46.7813%82KSep 25, 2026Sep 28, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? More than usual: about 1.5x the 5-year average. 6 insiders sold; the average is 3 a year. Year by year
Latest filing: Filed Sep 28 for a tax withholding on Sep 25. Michael Cory had 13K shares withheld by the company for taxes. Filing
67 SEC ownership filings in the period · See the evidence

What stands out

Two officers sold more than 25% of vested holdings: Diana Sorfleet (67% of holdings, $6.2M, none under a disclosed plan) and Stephen Fortune (40% of holdings, $1.2M, none under a disclosed plan).Diana Sorfleet: largest sale, Feb 19, 2026 · Stephen Fortune: largest sale, Feb 3, 2026
Stephen Angel bought 80K shares for $3.0M, first on Oct 20, 2025. These are the first by current officers or directors since May 13, 2022.Purchase, Oct 20, 2025
Three officers sold $10.7M with no disclosed plan: Kevin Boone ($7.5M), Angela Williams ($1.6M) and Michael Burns ($1.6M). The filings don't state a reason.Kevin Boone: largest such sale, Jun 3, 2026 · Angela Williams: largest such sale, Jul 24, 2026 · Michael Burns: largest such sale, Oct 20, 2025

Percentages cover 15 of 21 officers and directors. 6 are left out

i
Left out: Steven Halverson (most holdings were last confirmed in 2023); Kevin Boone, Michael Burns, Angela Williams and Maryclare Kenney (holdings couldn't be fully reconciled); Rizwan Chand (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stakeAdded during the period
Kevin Boone
EVP & CFO
Sold $7.5M (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$7.5MNo plan disclosed
Diana Sorfleet
EVP & CAO
67% · $6.2MNo plan disclosed
Angela Williams
VP & Chief Accounting Officer
Sold $1.6M (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$1.6MNo plan disclosed
Michael Burns
SVP - CLO & Corp Secy
Sold $1.6M (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$1.6MNo plan disclosed
Stephen Fortune
EVP - Cd & to
Sold 40%, but 31K shares were added (mostly vesting), so the stake grew
40% · $1.2MNo plan disclosed
All 6 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
Oct 2025: $2.0M no plan disclosedOctNovDecJan 2026: $2.5M no plan disclosedJanFeb 2026: $5.0M no plan disclosedFebMarAprMayJun 2026: $6.8M no plan disclosed$6.8MJunJul 2026: $2.3M no plan disclosedJulAugSepOct

Outside holders, reported separately

Mantle Ridge LP reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the CSX Corporation CEO selling stock?

No. Joseph Hinrichs reported no open-market sales in the past 12 months.

Why are CSX Corporation insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any CSX Corporation insiders buying?

Yes. 1 officer or director reported 2 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did CSX Corporation insiders sell?

About 12% overall. As a group they ended with more shares than they started with. The biggest seller whose stake can be measured, Diana Sorfleet, gave up 67% of starting holdings. These figures leave out Steven Halverson, the largest holder (most holdings were last confirmed in 2023). That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold6 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Kevin Boone
EVP & CFO
$7.5M
168K shares
i
No percentage: holdings couldn't be fully reconciled.
No plan disclosed
Diana Sorfleet
EVP & CAO
$6.2M
157K shares
67%No plan disclosed
Angela Williams
VP & Chief Accounting Officer
$1.6M
30K shares
i
No percentage: holdings couldn't be fully reconciled.
No plan disclosed
Michael Burns
SVP - CLO & Corp Secy
$1.6M
37K shares
i
No percentage: holdings couldn't be fully reconciled.
No plan disclosed
Stephen Fortune
EVP - Cd & to
$1.2M
31K shares
40%No plan disclosed
John Zillmer
Director
$465K
10K shares
2.8%No plan disclosed

Outside holder, reported separately: Mantle Ridge LP (an outside shareholder, not part of management). No open-market sales reported in the period. Holds 1.48M shares. Latest filing

The full ownership picture17 of 21 insiders fully reconciled · 21 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
John Zillmer
Director
359K−10K354K98%
Vesting, gifts, unvested awards and holding lines for John Zillmer
0shares vested or exercised
−5.8Kgifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock359,247353,714
Steven Halverson
!
Most of this insider's holdings were last confirmed in 2023. Confirmed in the last three years: 336,160 shares. Not confirmed since: 670,831 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
326K0336Ksee note
Vesting, gifts, unvested awards and holding lines for Steven Halverson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
CSX Corporation Directors Deferred CompensationCommon Stock326,491336,160

Additional holdings last reported Feb 14, 2023, not confirmed since: 670,831 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 5,214 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Joseph Hinrichs
President & CEO, Director
304K0304Kno sales
Vesting, gifts, unvested awards and holding lines for Joseph Hinrichs
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock304,380304,380
Diana Sorfleet
i
Minor difference of 1,952 shares. Small increase from an employee stock purchase plan. Includes unvested RSUs, amount not disclosed. Small increase from an employee stock purchase plan.
EVP & CAO
235K−157K166K71%
Vesting, gifts, unvested awards and holding lines for Diana Sorfleet
+90Kshares vested or exercised
0gifted (net of own trusts)
−6.6Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Small increase from an employee stock purchase plan. Filing
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock234,633165,613

Reconciliation: minor difference of 1,952 shares. Small increase from an employee stock purchase plan.

Steven Whisler
i
Minor difference of 1,543 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
Director
215K0225Kno sales
Vesting, gifts, unvested awards and holding lines for Steven Whisler
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock126,354126,354
CSX Corporation Directors Deferred Compensation PlanCommon Stock88,18298,377

Reconciliation: minor difference of 1,543 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Kevin Boone
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,134 shares on Jan 23, 2026 (Direct). See the filing Sales and other transactions for Kevin Boone are complete.
EVP & CFO
n/a−168Kn/an/a
Vesting, gifts, unvested awards and holding lines for Kevin Boone
+168Kshares vested or exercised
0gifted (net of own trusts)
−8.9Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,134 shares on Jan 23, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock196,843208,622
CSX Corporation 401(k) PlanCommon Stock1,7281,763
Spouse's IRACommon Stock1,5001,500
Sean Pelkey
i
Includes unvested RSUs, amount not disclosed. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
EVP & CFO
138K0138Kno sales
Vesting, gifts, unvested awards and holding lines for Sean Pelkey
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock110,875110,875
CSX Corporation Executive Deferred Compensation PlanCommon Stock25,92525,925
CSX Corporation 401(k) PlanCommon Stock1,0731,073

Additional holdings last reported Feb 15, 2023, not confirmed since: 7,323 shares. Not included in any total or percentage on this page.

Michael Cory
i
Minor difference of 2,990 shares. Small increase from an employee stock purchase plan. Small increase from an employee stock purchase plan.
EVP & COO
82K085Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Cory
0shares vested or exercised
0gifted (net of own trusts)
−17Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Small increase from an employee stock purchase plan. Filing
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock81,53585,150

Reconciliation: minor difference of 2,990 shares. Small increase from an employee stock purchase plan.

Stephen Fortune
i
Minor difference of 1,743 shares. Small increase from an employee stock purchase plan. Small increase from an employee stock purchase plan.
EVP - Cd & to
79K−31K88K+10%
Vesting, gifts, unvested awards and holding lines for Stephen Fortune
+31Kshares vested or exercised
0gifted (net of own trusts)
−6.6Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Small increase from an employee stock purchase plan. Filing
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock79,43287,772

Reconciliation: minor difference of 1,743 shares. Small increase from an employee stock purchase plan.

Linda Riefler
i
Minor difference of 440 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
77K082Kno sales
Vesting, gifts, unvested awards and holding lines for Linda Riefler
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock42,86942,869
CSX Corporation Directors Deferred CompensationCommon Stock27,55532,450
Spouse's 401(k) AccountCommon Stock6,7506,750

Additional holdings last reported Feb 14, 2023, not confirmed since: 16,423 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 440 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

David Moffett
i
Minor difference of 1,039 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
65K071Kno sales
Vesting, gifts, unvested awards and holding lines for David Moffett
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
CSX Corporation Directors Deferred CompensationCommon Stock65,07470,568

Additional holdings last reported Feb 14, 2023, not confirmed since: 52,905 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 1,039 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Michael Burns
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +2,195 shares on Oct 20, 2025 (Direct). See the filing Sales and other transactions for Michael Burns are complete.
SVP - CLO & Corp Secy
n/a−37Kn/an/a
Vesting, gifts, unvested awards and holding lines for Michael Burns
+37Kshares vested or exercised
0gifted (net of own trusts)
−1.3Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +2,195 shares on Oct 20, 2025 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock49,44559,643
CSX Corporation 401(k) PlanCommon Stock1,7481,818
Angela Williams
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +297 shares on Jan 23, 2026 (CSX Corporation 401(k) Plan). See the filing Sales and other transactions for Angela Williams are complete.
VP & Chief Accounting Officer
n/a−30Kn/an/a
Vesting, gifts, unvested awards and holding lines for Angela Williams
0shares vested or exercised
0gifted (net of own trusts)
−961withheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +297 shares on Jan 23, 2026 (CSX Corporation 401(k) Plan). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock38,84410,437
CSX Corporation 401(k) PlanCommon Stock9,1109,532
James Wainscott
Director
37K041Kno sales
Vesting, gifts, unvested awards and holding lines for James Wainscott
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock36,81741,272
Suzanne Vautrinot
i
Minor difference of 554 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
35K040Kno sales
Vesting, gifts, unvested awards and holding lines for Suzanne Vautrinot
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
CSX Corporation Directors Deferred CompensationCommon Stock34,69339,702

Additional holdings last reported Feb 14, 2023, not confirmed since: 23,363 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 554 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Thomas Bostick
i
Minor difference of 344 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
27K032Kno sales
Vesting, gifts, unvested awards and holding lines for Thomas Bostick
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock5,7305,730
CSX Corporation Directors Deferred CompensationCommon Stock21,51826,317

Additional holdings last reported Feb 14, 2023, not confirmed since: 10,552 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 344 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Maryclare Kenney
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +30 shares on Jan 23, 2026 (CSX Corporation 401(k) Plan). See the filing Sales and other transactions for Maryclare Kenney are complete.
SVP & Cco
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Maryclare Kenney
0shares vested or exercised
0gifted (net of own trusts)
−1.1Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Unvested RSUs stated in footnotes are excluded from owned shares.
  • Started reporting during the period; starting holdings are from the Form 3.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +30 shares on Jan 23, 2026 (CSX Corporation 401(k) Plan). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock2,62615,922
Joint Revocable TrustCommon Stock4,1544,154
CSX Corporation 401(k) PlanCommon Stock3,3603,428
Ann Begeman
Director
7.3K012Kno sales
Vesting, gifts, unvested awards and holding lines for Ann Begeman
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock5,6945,694
Self-Employed 401(k)Common Stock1,5941,594
CSX Corporation Directors Deferred CompensationCommon Stock04,455
Anne Chow
i
Minor difference of 91 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
Director
5.7K010Kno sales
Vesting, gifts, unvested awards and holding lines for Anne Chow
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2020
CSX Corporation Directors Deferred Compensation PlanCommon Stock5,69410,240

Reconciliation: minor difference of 91 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Stephen Angel
i
Minor difference of 2,115 shares. Small increase from a 401(k) plan. Small increase from a 401(k) plan.
President & CEO, Director
3.2K0149Kno sales
Vesting, gifts, unvested awards and holding lines for Stephen Angel
0shares vested or exercised
0gifted (net of own trusts)
0 → 8.5Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock3,234146,540
CSX Corporation 401(k) PlanCommon Stock02,115

Reconciliation: minor difference of 2,115 shares. Small increase from a 401(k) plan.

Rizwan Chand
i
Started reporting during the period; starting holdings are from the Form 3.
CHRO
0012Kno sales
Vesting, gifts, unvested awards and holding lines for Rizwan Chand
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock011,724

17 of 21 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (6 exactly, 11 with a minor or footnoted difference). For 4 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 15 of 21 officers and directors. Left out: Steven Halverson (most holdings were last confirmed in 2023); Kevin Boone, Michael Burns, Angela Williams and Maryclare Kenney (holdings couldn't be fully reconciled); Rizwan Chand (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$18.6M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $18.6M across 433,133 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $18.6M

Sales with no 10b5-1 plan and no tax reference in the filing. $7.5M of it is Kevin Boone. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Kevin Boone, Jun 3, 2026

Taxes

42,547 shares ($1.8M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (2 trades)

1 officer or director bought shares in this period, in 2 trades(Form 4 code P). Across all their filings on record there are 6 purchase trades.

Charitable gifts · 5.8K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Kevin Boone
EVP & CFO
168K$7.5M0%40%Oct 22, 2025 to Jun 3, 2026
Diana Sorfleet
EVP & CAO
157K$6.2M0%34%Jan 28, 2026 to Feb 19, 2026
Angela Williams
VP & Chief Accounting Officer
30K$1.6M0%9%Jul 24, 2026 to Jul 24, 2026
Michael Burns
SVP - CLO & Corp Secy
37K$1.6M0%8%Oct 20, 2025 to Jul 24, 2026
Stephen Fortune
EVP - Cd & to
31K$1.2M0%7%Feb 3, 2026 to Feb 3, 2026
John Zillmer
Director
10K$465K0%2%Jun 3, 2026 to Jun 3, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$2.0M$0$0$2.0M
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$2.5M$0$0$2.5M
Feb 2026$5.0M$0$0$5.0M
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$6.8M$0$0$6.8M
Jul 2026$2.3M$0$0$2.3M
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 1.5x the 5-year average. 6 insiders sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
433K6$18.6M
Oct 9, 2025
1 year earlier
120K2$4.2M
Oct 9, 2024
2 years earlier
342K3$12.6M
Oct 10, 2023
3 years earlier
00$0
Oct 10, 2022
4 years earlier
112K3$3.9M
Oct 10, 2021
5 years earlier
832K5$27.4M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty4 insiders whose holdings couldn't be fully reconciled

Kevin Boone: holdings couldn't be fully reconciled (difference of 2,408 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +1,134 shares on Jan 23, 2026 (Direct). Filing, Jan 23, 2026

Footnote: "Shares awarded pursant to the 2023-2025 Long-Term Incentive Plan. | Includes 95 shares acquired under the CSX Employee Stock Purchase Plan on December 31, 2025. | The total number of shares beneficially owned is being updated to reflect that certain shares were mistakenly incorrectly reported on the Reporting Person's Forms 4 filed on February 12, 2024 and February 20, 2024."

Michael Burns: holdings couldn't be fully reconciled (difference of 3,090 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +2,195 shares on Oct 20, 2025 (Direct). Filing, Oct 20, 2025

Footnote: "Includes 704 shares acquired under the CSX Employee Stock Purchase Plan in June 30, 2025. | The total number of shares beneficially owned is being updated to reflect that certain shares were mistakenly incorrectly reported on the Reporting Person's Form 3 filed on January 10, 2025."

Angela Williams: holdings couldn't be fully reconciled (difference of 764 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +297 shares on Jan 23, 2026 (CSX Corporation 401(k) Plan). Filing, Jan 23, 2026

Footnote: "By Trustee, CSX Corporation Savings Thrift Plan. The number reflects equivalent shares of cash value held in the CSX Stock Fund, which amounts will fluctuate dependent upon the daily net asset value of the fund."

Maryclare Kenney: holdings couldn't be fully reconciled (difference of 257 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +30 shares on Jan 23, 2026 (CSX Corporation 401(k) Plan). Filing, Jan 23, 2026

Footnote: "By Trustee, CSX Corporation Savings Thrift Plan. The number reflects equivalent shares of cash value held in the CSX Stock Fund, which amounts will fluctuate dependent upon the daily net asset value of the fund."

Steven Halverson: minor difference of 5,214 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Diana Sorfleet: minor difference of 1,952 shares. Small increase from an employee stock purchase plan.

Steven Whisler: minor difference of 1,543 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Michael Cory: minor difference of 2,990 shares. Small increase from an employee stock purchase plan.

Stephen Fortune: minor difference of 1,743 shares. Small increase from an employee stock purchase plan.

Linda Riefler: minor difference of 440 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

David Moffett: minor difference of 1,039 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Suzanne Vautrinot: minor difference of 554 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Thomas Bostick: minor difference of 344 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Anne Chow: minor difference of 91 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Stephen Angel: minor difference of 2,115 shares. Small increase from a 401(k) plan.

Inferred rename: "Executives Stock Trust" is treated as the same holder as "Trustee, Executives Stock Trust", because the old name was never reported again and the new one opened with the same balance (1,191,911 shares). Old name, new name

Inferred rename: "CSX Corporation Executives Stock Trust" is treated as the same holder as "CSX Corporation Executive Stock Trust", because the old name was never reported again and the new one opened with the same balance (1,191,906 shares). Old name, new name

Inferred rename: "Trustee" is treated as the same holder as "CSX Corporation Stock Plan for Directors", because the old name was never reported again and the new one opened with the same balance (470,205 shares). Old name, new name

Inferred rename: "CSX Corporation Directors' Stock Trust" is treated as the same holder as "CSX Corporation Directors Deferred Compensation Plan", because the old name was never reported again and the new one opened with the same balance (522,495 shares). Old name, new name

Inferred rename: "Trustee" is treated as the same holder as "CSX Corporation Stock Plan for Directors", because the old name was never reported again and the new one opened with the same balance (423,162 shares). Old name, new name

Inferred rename: "CSX Corporation Directors' Stock Trust" is treated as the same holder as "CSX Corporation Directors Deferred Compensation Plan", because the old name was never reported again and the new one opened with the same balance (472,986 shares). Old name, new name

Inferred rename: "401(k)" is treated as the same holder as "CSX Corporation 401(k) Plan", because the old name was never reported again and the new one opened with the same balance (927 shares). Old name, new name

Inferred rename: "Trustee" is treated as the same holder as "CSX Corporation Stock Plan for Directors", because the old name was never reported again and the new one opened with the same balance (286,605 shares). Old name, new name

Inferred rename: "CSX Corporation Directors' Stock Trust" is treated as the same holder as "CSX Corporation Directors Deferred Compensation Plan", because the old name was never reported again and the new one opened with the same balance (333,990 shares). Old name, new name

Inferred rename: "Trustee" is treated as the same holder as "CSX Corporation Stock Plan for Directors", because the old name was never reported again and the new one opened with the same balance (66,582 shares). Old name, new name

Inferred rename: "CSX Corporation Directors' Stock Plan" is treated as the same holder as "CSX Corporation Directors Deferred Compensation Plan", because the old name was never reported again and the new one opened with the same balance (108,405 shares). Old name, new name

Inferred rename: "CSX Corporation Directors' Stock Trust" is treated as the same holder as "CSX Corporation Directors Deferred Compensation Plan", because the old name was never reported again and the new one opened with the same balance (108,405 shares). Old name, new name

Inferred rename: "General Partnership" is treated as the same holder as "Forels GP", because the old name was never reported again and the new one opened with the same balance (450 shares). Old name, new name

Inferred rename: "Shares Held in Spouse's IRA" is treated as the same holder as "Spouse's IRA", because the old name was never reported again and the new one opened with the same balance (1,500 shares). Old name, new name

Inferred typo: the share class "Comman Stock" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Michael Ward, 1,191,909 shares): old title, new title

Inferred typo: the share class "Commom Stock" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Clarence Gooden, 213,882 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,378 filings from SEC EDGAR, and how we read them

All 1,378 Forms 3, 4 and 5 filed for CSX Corporation (SEC CIK 277948) from Oct 22, 1996 to Oct 5, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 4 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Sep 15, 2006 (first filing that shows post-split balances). Splits aren't reported as transactions; 18 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 3-for-1 stock split on or before Jun 15, 2011 (split date stated in a footnote). Splits aren't reported as transactions; 17 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 3-for-1 stock split on or before Jun 28, 2021 (split date stated in a footnote). Splits aren't reported as transactions; 16 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (47)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Donna AlvaradoFeb 19, 2025728,357 shares, last reported balance as of Feb 14, 2025
Nathan GoldmanNov 20, 2024202,991 shares, last reported balance as of Nov 18, 2024
Jamie BoychukAug 2, 2023189,877 shares, last reported balance as of Feb 15, 2023
James FooteFeb 17, 2022879,716 shares, last reported balance as of Feb 16, 2022
Mark WallaceSep 9, 2021153,279 shares, last reported balance as of Sep 8, 2021
John McPhersonFeb 12, 2021567,045 shares, last reported balance as of Feb 10, 2021
John McPhersonFeb 12, 20212,259 shares, last reported balance as of Feb 10, 2021
Edmond HarrisFeb 20, 202071,316 shares, last reported balance as of Jul 1, 2019
Pamela CarterFeb 13, 2020145,149 shares, last reported balance as of Feb 12, 2020
John BreauxMar 19, 2019941,457 shares, last reported balance as of Mar 15, 2019
Frank LonegroFeb 12, 2019455,565 shares, last reported balance as of Feb 10, 2019
Andrew GlassmanFeb 13, 2018107,376 shares, last reported balance as of Feb 12, 2018
Edward Kelly IIIFeb 9, 20181,506,825 shares, last reported balance as of Feb 7, 2018
Dennis ReilleyFeb 9, 2018217,392 shares, last reported balance as of Feb 7, 2018
Cynthia SanbornNov 17, 2017603,426 shares, last reported balance as of Jul 27, 2017
Ellen FitzsimmonsMay 9, 20171,100,131 shares, last reported balance as of May 5, 2017
Fredrik EliassonMay 9, 2017515,220 shares, last reported balance as of May 5, 2017
Hunter HarrisonApr 25, 2017900,000 shares, last reported balance as of Apr 24, 2017
Donald ShepardMar 17, 20171,414,552 shares, last reported balance as of Mar 15, 2017
David RatcliffeMar 17, 20171,204,101 shares, last reported balance as of Mar 15, 2017
Timothy O'TooleMar 17, 2017513,816 shares, last reported balance as of Mar 15, 2017
Carolyn SizemoreMar 7, 2017591,712 shares, last reported balance as of Feb 22, 2017
Michael WardMar 7, 20173,654,302 shares, last reported balance as of Feb 22, 2017
Clarence GoodenMar 7, 20173,100,112 shares, last reported balance as of Feb 22, 2017
Cressie BrownMar 7, 2017121,968 shares, last reported balance as of Feb 22, 2017
Sarah BrandtMar 7, 2017123,624 shares, last reported balance as of Feb 22, 2017
Lisa ManciniMay 10, 2016584,346 shares, last reported balance as of May 6, 2016
Oscar MunozSep 10, 20151,429,388 shares, last reported balance as of Sep 8, 2015
Gilbert LamphereApr 20, 2015353,779 shares, last reported balance as of Apr 17, 2015
WATTS J C JRMar 19, 201465,415 shares, last reported balance as of Mar 17, 2014
David BrownMay 24, 2011471,033 shares, last reported balance as of May 20, 2011
Alexandre BehringMar 17, 2011310,564,222 shares, last reported balance as of Mar 15, 2011
Tony IngramNov 18, 20093,402,704 shares, last reported balance as of Nov 17, 2009
Christopher HohnMay 14, 2009754,307,487 shares, last reported balance as of May 13, 2009
Robert HaulterAug 6, 20081,264,267 shares, last reported balance as of Aug 4, 2008
William RichardsonJun 27, 2008475,776 shares, last reported balance as of Jun 25, 2008
Frank RoyalDec 14, 2007602,271 shares, last reported balance as of Dec 12, 2007
Elizabeth BaileyDec 14, 2007537,651 shares, last reported balance as of Dec 12, 2007
Robert KunischDec 14, 2007728,406 shares, last reported balance as of Dec 12, 2007
Southwood MorcottDec 14, 2007601,920 shares, last reported balance as of Dec 12, 2007
Chales RiceJun 19, 20061,170,644 shares, last reported balance as of Jun 15, 2006
Robert Burrus Jr.May 6, 2005513,432 shares, last reported balance as of May 5, 2005
Bruce GottwaldJun 18, 20041,130,208 shares, last reported balance as of Jun 16, 2004
Michael GiftosMay 6, 2004No balance on record
Andrew FogartyMay 5, 2004793,925 shares, last reported balance as of May 3, 2004
Paul GoodwinFeb 18, 2004221 shares, last reported balance as of Feb 6, 2004
Robert GrassiDec 1, 20031,185,086 shares, last reported balance as of Nov 7, 2003

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