Cynthia M. Sanborn - Jan 30, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP & Chief Operating Officer
Signature
Denise W. Hutson via P.O.A. for Cynthia M. Sanborn
Stock symbol
NSC
Transactions as of
Jan 30, 2022
Transactions value $
-$243,368
Form type
4
Date filed
2/1/2022, 07:51 PM
Previous filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +3.13K +554.26% $0.00 3.69K Jan 30, 2022 Direct F1
transaction NSC Common Stock Tax liability -$243K -899 -24.36% $270.71 2.79K Jan 30, 2022 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 Restricted Stock Units Options Exercise -3.13K -21.08% 11.7K Jan 30, 2022 Common Stock 3.13K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on September 1, 2020, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in three annual installments beginning on January 30, 2022. This distribution represents the first of three installments.