Mark R. George - 27 Jan 2023 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP and CFO
Signature
Denise W. Hutson via P.O.A. for Mark R. George
Issuer symbol
NSC
Transactions as of
27 Jan 2023
Net transactions value
-$248,076
Form type
4
Filing time
31 Jan 2023, 18:50:26 UTC
Previous filing
30 Jan 2023
Next filing
05 Jun 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 Options Exercise $0 +775 +10% $0.000000 8,540 27 Jan 2023 Direct F1
transaction NSC Common Stock Tax liability $73,566 -305 -3.6% $241.20 8,235 27 Jan 2023 Direct
transaction NSC Common Stock Options Exercise $0 +702 +8.5% $0.000000 8,937 28 Jan 2023 Direct F2
transaction NSC Common Stock Options Exercise $0 +538 +6% $0.000000 9,475 28 Jan 2023 Direct F3
transaction NSC Common Stock Tax liability $50,680 -212 -2.2% $239.06 9,263 28 Jan 2023 Direct
transaction NSC Common Stock Tax liability $65,979 -276 -3% $239.06 8,987 28 Jan 2023 Direct
transaction NSC Common Stock Options Exercise $0 +615 +6.8% $0.000000 9,602 30 Jan 2023 Direct F4
transaction NSC Common Stock Tax liability $57,851 -242 -2.5% $239.06 9,360 30 Jan 2023 Direct

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 Options Exercise -775 -8.2% 8,701 27 Jan 2023 Common Stock 775 Direct F1
transaction NSC Restricted Stock Units Options Exercise -538 -6.2% 8,163 28 Jan 2023 Common Stock 538 Direct F3
transaction NSC Restricted Stock Units Options Exercise -702 -8.6% 7,461 28 Jan 2023 Common Stock 702 Direct F2
transaction NSC Restricted Stock Units Options Exercise -615 -8.2% 6,846 30 Jan 2023 Common Stock 615 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 27, 2022, 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. This distribution represents the first of four installments.
F2 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 28, 2021, 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. This distribution represents the second of four installments.
F3 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on November 1, 2019, 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 three annual installments beginning on January 28, 2021. This distribution represents the third of three installments.
F4 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 30, 2020, 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. This distribution represents the third of four installments.