James A. Squires - May 26, 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 26, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/28/2021, 02:15 PM
Previous filing: May 25, 2021
Next filing: Aug 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSC	Common Stock	Gift	$0	+1.59K	+3.16%	$0.00	51.8K	May 26, 2021	Direct
transaction	NSC	Common Stock	Gift	$0	-1.59K	-3.07%	$0.00	50.2K	May 26, 2021	Direct
transaction	NSC	Common Stock	Gift	$0	+1.59K	+3.16%	$0.00	51.8K	May 26, 2021	By Spouse
transaction	NSC	Common Stock	Gift	$0	-1.59K	-3.07%	$0.00	50.2K	May 26, 2021	By Spouse
holding	NSC	Common Stock						163	May 26, 2021	By 401(k) Plan	F1
holding	NSC	Common Stock						11.6K	May 26, 2021	By the E.H. Squires Irrevocable Trust	F2
holding	NSC	Common Stock						11.6K	May 26, 2021	By the M.O. Squires Irrevocable Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 26, 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.
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.

Content

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 26, 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.

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.