James A. Squires - May 24, 2021 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
Chairman, President and CEO, Director
Signature
Denise W. Hutson via P.O.A. for James A. Squires
Stock symbol
NSC
Transactions as of
May 24, 2021
Transactions value $
-$5,561,614
Form type
4
Date filed
5/25/2021, 04:37 PM
Previous filing
May 20, 2021
Next filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Sale -$2.78M -10K -46.22% $278.04 11.6K May 24, 2021 By the E.H. Squires Irrevocable Trust F1, F2
transaction NSC Common Stock Sale -$2.78M -10K -46.22% $278.12 11.6K May 24, 2021 By the M.O. Squires Irrevocable Trust F2
holding NSC Common Stock 50.2K May 24, 2021 Direct
holding NSC Common Stock 165 May 24, 2021 By 401(k) Plan F3
holding NSC Common Stock 50.2K May 24, 2021 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.00 to $278.71, inclusive.
F2 Represents shares held by irrevocable trust for the benefit of the reporting person's child. The reporting person's spouse is the trustee of the trust. The reporting person has no pecuniary interest or investment control over these shares.
F3 Represents the approximate number of whole shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of May 24, 2021, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusteed 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.