CSX CORP — Form 10-Q
Filed July 22, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 18/100
What the filing says
CSX executed a separation agreement with Stephen Fortune, an executive, with termination effective May 14, 2026. Fortune receives severance of 1× base salary plus 1× target bonus (2026 MICP) payable over 12 months, prorated long-term incentives, continued health benefits for 12 months, and outplacement services. Specific dollar amounts and bonus figures are redacted in the public filing (referenced as 'Exhibit 1').
Why this rating
Routine executive severance under standard plan; no dollar amounts disclosed; immaterial relative to $61B company scale; normal HR/administrative matter.
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