Mark R. George - 27 Jan 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP Finance and CFO
Signature
Denise W. Hutson via P.O.A for Mark R. George
Issuer symbol
NSC
Transactions as of
27 Jan 2022
Net transactions value
-$291,845
Form type
4
Filing time
03 Feb 2022, 13:57:51 UTC
Next filing
05 Oct 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 Award $0 +3,379 +407% $0.000000 4,210 27 Jan 2022 Direct F1
transaction NSC Common Stock Tax liability $291,845 -1,077 -26% $270.98 3,133 27 Jan 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
holding NSC Option (right to buy, granted 11/01/2019) 2,250 27 Jan 2022 Common Stock 2,250 $189.92 Direct
holding NSC Option (right to buy, granted 2020) 3,340 27 Jan 2022 Common Stock 3,340 $214.50 Direct
holding NSC Option (right to buy, granted 2021) 4,620 27 Jan 2022 Common Stock 4,620 $241.79 Direct
holding NSC Option (right to buy, granted 2022) 4,590 27 Jan 2022 Common Stock 4,590 $270.98 Direct
holding NSC Option (right to buy, granted 2022) 19,150 27 Jan 2022 Common Stock 19,150 $298.08 Direct
holding NSC Restricted Stock Units 6,976 27 Jan 2022 Common Stock 6,976 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 not more than four years from the grant date and ultimately will be settled in Common Stock.