secwatch.observer — SEC 8-K summary
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Issuer:     CSX CORP (CSX)
CIK:        0000277948
Form:       8-K
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0000950103-23-010187
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CSX amends executive severance plan and renews change of control agreements for officers
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- Amended severance plan clarifies pro-rata vesting of equity awards on qualifying termination without cause.
- Pro-rata awards settle on original schedule; stock options remain exercisable through original expiration (up to 10 years).
- Compensation committee approved renewed change of control agreements for executive officers with same compensation and benefit terms as prior agreements.
- Renewed agreements have a three-year auto-renewing term and termination protection period within three months before a change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/277948/000095010323010187/0000950103-23-010187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/277948/000095010323010187/dp196615_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-010187

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