Insider transaction details
Diana B. Sorfleet, who served as Executive Vice President and Chief Administrative Officer at CSX CORP (NASDAQ: CSX), completed a sale of 90,000 common shares on February 19, 2026. The disposition brought in $3.74 million in gross proceeds. The sale was executed at a weighted average price of $41.56 per share, with the individual trade prices falling between $41.48 and $41.70.
Concurrent option exercises
On the same day that the shares were sold, Sorfleet exercised stock options to acquire a total of 90,000 CSX shares. Those option exercises were completed in three tranches with strike prices of $16.13, $17.94 and $22.70. The aggregate value associated with these option exercises was reported as $1,834,264.
Market valuation note
A Pro research analysis included with the reporting indicates that CSX is trading at levels that appear to be overvalued. The firm’s Pro Research Report covering CSX is noted as available alongside coverage of more than 1,400 other U.S. equities for subscribers who seek deeper company and valuation context.
Quarterly results and analyst reaction
In its fourth-quarter financial disclosure, CSX reported earnings per share of $0.39. That outcome was below several external expectations: it trailed both Benchmark’s estimate and the consensus figure of $0.41, and it was short of Evercore ISI’s projection of $0.42. The company’s reported results included $50 million in severance and technology rationalization charges.
Following the earnings report, several brokerage and research teams adjusted their price targets and commentary. Bernstein SocGen Group lowered its price target to $36, citing revenue that was weaker than anticipated. RBC Capital moved its target to $39 and characterized the results as "somewhat inline" after taking into account certain costs and tax benefits. Evercore ISI trimmed its price target to $40, pointing to a mixed outlook where volumes and yields underperformed expectations. Benchmark maintained its $40 target and highlighted the company’s focus on efficiency despite the earnings shortfall.
Leadership change
The company announced the retirement of Executive Vice President Diana Sorfleet and the appointment of Riz Chand as Chief Human Resources Officer, with the new appointment effective February 23, 2026.
These transactions, the quarterly performance, analyst reactions and the management transition together form the current public narrative around CSX as it navigates near-term operational and market valuation headwinds.