James A. Squires - May 16, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
Director
Signature
Denise W. Hutson via P.O.A. for James A. Squires
Stock symbol
NSC
Transactions as of
May 16, 2022
Transactions value $
-$3,994,226
Form type
4
Date filed
5/17/2022, 03:46 PM
Previous filing
Mar 30, 2022
Next filing
Aug 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $2.9M +27.9K +44.43% $104.23 90.6K May 16, 2022 Direct
transaction NSC Common Stock Sale -$6.9M -27.9K -30.76% $247.54 62.7K May 16, 2022 Direct
holding NSC Common Stock 165 May 16, 2022 By 401(k) Plan F1
holding NSC Common Stock 32.6K May 16, 2022 By Spouse
holding NSC Common Stock 11.6K May 16, 2022 By the E.H. Squires Irrevocable Trust F2
holding NSC Common Stock 11.6K May 16, 2022 By the M.O. Squires Irrevocable Trust F2

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 Option (right to buy, granted 2015) Options Exercise -27.9K -100% 0 May 16, 2022 Common Stock 27.9K $104.23 Direct F3
* 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 May 16, 2022, to have been credited to thereporting 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 timesand 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.
F3 Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).