Mark R. George - Jan 27, 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
Stock symbol
NSC
Transactions as of
Jan 27, 2023
Transactions value $
-$248,076
Form type
4
Date filed
1/31/2023, 06:50 PM
Previous filing
Jan 30, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +775 +9.98% $0.00 8.54K Jan 27, 2023 Direct F1
transaction NSC Common Stock Tax liability -$73.6K -305 -3.57% $241.20 8.24K Jan 27, 2023 Direct
transaction NSC Common Stock Options Exercise $0 +702 +8.52% $0.00 8.94K Jan 28, 2023 Direct F2
transaction NSC Common Stock Options Exercise $0 +538 +6.02% $0.00 9.48K Jan 28, 2023 Direct F3
transaction NSC Common Stock Tax liability -$50.7K -212 -2.24% $239.06 9.26K Jan 28, 2023 Direct
transaction NSC Common Stock Tax liability -$66K -276 -2.98% $239.06 8.99K Jan 28, 2023 Direct
transaction NSC Common Stock Options Exercise $0 +615 +6.84% $0.00 9.6K Jan 30, 2023 Direct F4
transaction NSC Common Stock Tax liability -$57.9K -242 -2.52% $239.06 9.36K Jan 30, 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 -8.18% 8.7K Jan 27, 2023 Common Stock 775 Direct F1
transaction NSC Restricted Stock Units Options Exercise -538 -6.18% 8.16K Jan 28, 2023 Common Stock 538 Direct F3
transaction NSC Restricted Stock Units Options Exercise -702 -8.6% 7.46K Jan 28, 2023 Common Stock 702 Direct F2
transaction NSC Restricted Stock Units Options Exercise -615 -8.24% 6.85K Jan 30, 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.