John C. Huffard Jr - Feb 21, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
Director
Signature
Denise W. Hutson via P.O.A for John C. Huffard, Jr.
Stock symbol
NSC
Transactions as of
Feb 21, 2022
Transactions value $
$3,918
Form type
4
Date filed
2/23/2022, 03:35 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 48 Feb 21, 2022 By the Kathryn Huffard Revocable Trust
holding NSC Common Stock 20 Feb 21, 2022 By the Three Suns Exempt Trust

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 Deferred Stock Units - Dir. Def. Fee Plan Award $1.31K +4.78 +0.46% $273.12 1.05K Feb 21, 2022 Common Stock 4.78 Direct F1, F2
transaction NSC Restricted Stock Units Award $2.61K +9.56 +0.45% $273.12 2.12K Feb 21, 2022 Common Stock 9.56 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.
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.
F3 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.