Alan H. Shaw - Jan 30, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
President
Signature
Denise W. Hutson via P.O.A. for Alan H. Shaw
Stock symbol
NSC
Transactions as of
Jan 30, 2022
Transactions value $
-$63,075
Form type
4
Date filed
2/1/2022, 07:53 PM
Previous filing
Jan 31, 2022
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +545 +1.67% $0.00 33.2K Jan 30, 2022 Direct F1
transaction NSC Common Stock Tax liability -$63.1K -233 -0.7% $270.71 32.9K Jan 30, 2022 Direct
holding NSC Common Stock 1.78K Jan 30, 2022 By 401(k) Plan F2

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 -545 -6.69% 7.6K Jan 30, 2022 Common Stock 545 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 January 30, 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 four annual installments beginning on the first anniversary of the grant date. This distribution represents the second of four installments.
F2 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 September 15, 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.