Clyde H. Allison Jr. - 28 Oct 2021 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role: Vice President and Controller
Signature: Denise W. Hutson via P.O.A. for Clyde H. Allison Jr.
Issuer symbol: NSC
Transactions as of: 28 Oct 2021
Net transactions value: -$1,101,500
Form type: 4
Filing time: 29 Oct 2021, 16:59:10 UTC
Previous filing: 12 May 2021
Next filing: 27 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSC	Common Stock	Options Exercise	$349,150	+5,000	+12%	$69.83	47,250	28 Oct 2021	Direct	F1
transaction	NSC	Common Stock	Sale	$1,450,650	-5,000	-11%	$290.13	42,250	28 Oct 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NSC	Option (right to buy, granted 2013)	Options Exercise		-5,000	-100%		0	28 Oct 2021	Common Stock	5,000	$69.83	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).