Claude E. Elkins - Jan 27, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP & Chief Marketing Officer
Signature
Denise W. Hutson via POA for Claude E Elkins
Stock symbol
NSC
Transactions as of
Jan 27, 2022
Transactions value $
-$59,345
Form type
4
Date filed
2/3/2022, 01:56 PM
Previous filing
Jan 27, 2022
Next filing
Feb 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Award $0 +787 +137.83% $0.00 1.36K Jan 27, 2022 Direct F1
transaction NSC Common Stock Tax liability -$59.3K -219 -16.13% $270.98 1.14K Jan 27, 2022 Direct
holding NSC Common Stock 125 Jan 27, 2022 By 401(k) Plan

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
holding NSC Option (right to buy, granted 2015) 1.61K Jan 27, 2022 Common Stock 1.61K $104.23 Direct
holding NSC Option (right to buy, granted 2016) 1.23K Jan 27, 2022 Common Stock 1.23K $70.32 Direct
holding NSC Option (right to buy, granted 2017) 1.3K Jan 27, 2022 Common Stock 1.3K $120.25 Direct
holding NSC Option (right to buy, granted 2022) 3.05K Jan 27, 2022 Common Stock 3.05K $270.98 Direct
holding NSC Option (right to buy, granted 2022) 14.4K Jan 27, 2022 Common Stock 14.4K $298.08 Direct
holding NSC Restricted Stock Units 3.54K Jan 27, 2022 Common Stock 3.54K Direct F2
* 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 under the formula-based performance share feature of the Corporation's Long-Term Incentive plan (a Rule 16h-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 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 vest ratably over four years from the grant date and ultimately will be settled in Common Stock.