Thomas C. Kelleher - Aug 20, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
Director
Signature
Denise W. Hutson via P.O.A. for Thomas C. Kelleher
Stock symbol
NSC
Transactions as of
Aug 20, 2022
Transactions value $
$6,195
Form type
4
Date filed
8/23/2022, 03:57 PM
Previous filing
May 24, 2022
Next filing
Nov 22, 2022

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 $2.14K +8.39 +0.48% $255.75 1.74K Aug 20, 2022 Common Stock 8.39 Direct F1
transaction NSC Restricted Stock Units Award $4.05K +15.8 +0.48% $256.50 3.28K Aug 20, 2022 Common Stock 15.8 Direct 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 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 Friday, August 19th, one day prior to 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 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 Friday, August 19th, one day prior to the dividend payment date. These units ultimately will be satisfied in common stock.