The company said its Board approved an increase in the base salary of Chief Executive Officer Joseph R. Hinrichs from $1,400,000 to $1,500,000 on February 16, 2024.

1. 01

   The company said its Board approved an increase in the base salary of Chief Executive Officer Joseph R. Hinrichs from $1,400,000 to $1,500,000 on February 16, 2024.

2. 02

   CSX said the Board approved raising Hinrichs' target annual bonus opportunity from 150% of base salary to 175% of base salary.

3. 03

   The Board also approved an increase in Hinrichs' target long-term incentive opportunity from $10,000,000 to $11,400,000, the company said.

4. 04

   CSX said the Board approved raising the annual cap on the aggregate incremental cost to the company of Hinrichs' personal use of corporate aircraft from $175,000 to $250,000.

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