Claiborne L. Moore - Jan 26, 2023 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Signature
Denise W. Hutson via P.O.A. for Claiborne L. Moore
Stock symbol
NSC
Transactions as of
Jan 26, 2023
Transactions value $
-$20,435
Form type
4
Date filed
1/30/2023, 03:18 PM
Previous filing
May 2, 2022
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Award $0 +305 +15.22% $0.00 2.31K Jan 26, 2023 Direct F1
transaction NSC Common Stock Tax liability -$20.4K -85 -3.68% $240.42 2.22K Jan 26, 2023 Direct
holding NSC Common Stock 193 Jan 26, 2023 By 401(k) Plan 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 Restricted Stock Units Award +990 +50.03% 2.97K Jan 26, 2023 Common Stock 990 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned by the reporting person under the formula-based performance share feature of the Corporation's Long-Term Incentive plan (a Rule 16b-3 plan).
F2 Represents the approximate number of shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of January 26, 2023, 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.
F3 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 26, 2023, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.