James A. Squires - 24 Mar 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role: Chairman and CEO, Director
Signature: Denise W. Hutson via P.O.A. for James A. Squires
Issuer symbol: NSC
Transactions as of: 24 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 30 Mar 2022, 15:54:45 UTC
Previous filing: 30 Mar 2022
Next filing: 17 May 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	Gift	$0	-16,000	-33%	$0.000000	32,613	24 Mar 2022	By Spouse
holding	NSC	Common Stock						62,728	24 Mar 2022	Direct
holding	NSC	Common Stock						165	24 Mar 2022	By 401(k) Plan	F1
holding	NSC	Common Stock						11,637	24 Mar 2022	By the E.H. Squires Irrevocable Trust	F2
holding	NSC	Common Stock						11,637	24 Mar 2022	By the M.O. Squires Irrevocable Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 March 24, 2022, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusted 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.
F2	Represents shares held by irrevocable trust for the benefit of the reporting person's child. The reporting person's spouse is the trustee of the trust. The reporting person has no pecuniary interest or investment control over these shares.

Content

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 March 24, 2022, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusted 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.

Represents shares held by irrevocable trust for the benefit of the reporting person's child. The reporting person's spouse is the trustee of the trust. The reporting person has no pecuniary interest or investment control over these shares.