James A. Squires - 26 Jan 2023 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
Director
Signature
Denise W. Hutson via P.O.A. for James A. Squires
Issuer symbol
NSC
Transactions as of
26 Jan 2023
Net transactions value
-$1,814,412
Form type
4
Filing time
30 Jan 2023, 16:57:40 UTC
Previous filing
12 Dec 2022
Next filing
31 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Award $0 +20,396 +48% $0.000000 63,292 26 Jan 2023 Direct F1
transaction NSC Common Stock Tax liability $1,814,412 -7,547 -12% $240.42 55,745 26 Jan 2023 Direct
holding NSC Common Stock 20,000 26 Jan 2023 By GRATs
holding NSC Common Stock 32,613 26 Jan 2023 By Spouse
holding NSC Common Stock 1,001 26 Jan 2023 By the E.H. Squires Irrevocable Trust F2
holding NSC Common Stock 1,001 26 Jan 2023 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 Restricted Stock Units Award +750 +3.4% 23,054 26 Jan 2023 Common Stock 750 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 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 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, specified 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 will be settled in Norfolk Southern Corporation Common Stock, vesting in full on the first anniversary of the grant date.