Steven F. Leer - Jan 27, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role: Director
Signature: Denise W. Hutson via P.O.A. for Steven F. Leer
Stock symbol: NSC
Transactions as of: Jan 27, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/31/2022, 08:06 PM
Previous filing: Nov 23, 2021
Next filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSC	Common Stock	Options Exercise	$0	+720	+18.9%	$0.00	4.53K	Jan 28, 2022	Direct	F1

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	Restricted Stock Units	Award		+640	+0.81%		79.3K	Jan 27, 2022	Common Stock	640		Direct	F2
transaction	NSC	Restricted Stock Units	Options Exercise		-720	-0.91%		78.6K	Jan 28, 2022	Common Stock	720		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents shares earned by the reporting person that were originally granted as restricted stock units on January 28, 2021, under the Norfolk Southern Corporation Long-Term Incentive Plan (a Rule 16b-3 plan).
F2	Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 27, 2022, specified under the terms of an award agreement under the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units will be settled in Norfolk Southern Corporation Common Stock.

Content

Represents shares earned by the reporting person that were originally granted as restricted stock units on January 28, 2021, under the Norfolk Southern Corporation Long-Term Incentive Plan (a Rule 16b-3 plan).

Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 27, 2022, specified under the terms of an award agreement under the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units will be settled in Norfolk Southern Corporation Common Stock.