Item 5.02 filing reporting a leadership change at CSX Corporation Kevin S. Boone appointed as Executive Vice President and Chief Financial Officer, effective October 29, 2025 Mr. Boone previously served as Executive Vice President and Chief Commercial Officer since June 2021 He is succeeding Sean R. Pelkey, who separated from his employment as Executive Vice President and Chief Financial Officer…

Our analysis rates this filing NEUTRAL. The moderate concern level reflects a balanced organizational transition with internal talent progression. While leadership changes introduce some uncertainty, the company appears to be managing the shift strategically, maintaining a confident and…

Concern level: ELEVATED (4.5/10). Key factors: Simultaneous executive leadership transitions in CFO and Chief Commercial Officer roles; Potential short-term strategic continuity risk.

Notable risk changes: Sean Pelkey departed as CFO, replaced by Kevin Boone; Maryclare Kenney promoted to Senior Vice President and Chief Commercial Officer; Leadership changes positioned as strategic strengthening of management team.

The model predicts CSX will underperform the S&P 500 by about 0.0% over 30 days (model confidence 50%). This is model analysis for research, not investment advice.