Mitchell E. Daniels - Feb 21, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role: Director
Signature: Denise W. Hutson via P.O.A. for Mitchell E. Daniels, Jr.
Stock symbol: NSC
Transactions as of: Feb 21, 2022
Transactions value $: $6,314
Form type: 4
Date filed: 2/23/2022, 12:07 PM
Previous filing: Jan 31, 2022
Next filing: May 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NSC	Common Stock						720	Feb 21, 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	Award	$6.31K	+23.1	+0.45%	$273.12	5.12K	Feb 21, 2022	Common Stock	23.1		Direct	F1, F2

* 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 credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.
F2	Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

Content

Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.