Claiborne L. Moore - Jan 27, 2023 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
Vice President & Controller
Signature
Denise W. Hutson via P.O.A. for Claiborne L. Moore
Stock symbol
NSC
Transactions as of
Jan 27, 2023
Transactions value $
-$42,411
Form type
4
Date filed
1/31/2023, 06:58 PM
Previous filing
Jan 30, 2023
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +165 +7.42% $0.00 2.39K Jan 27, 2023 Direct F1
transaction NSC Common Stock Tax liability -$11.1K -46 -1.93% $241.20 2.34K Jan 27, 2023 Direct
transaction NSC Common Stock Options Exercise $0 +187 +7.98% $0.00 2.53K Jan 28, 2023 Direct F2
transaction NSC Common Stock Options Exercise $0 +160 +6.32% $0.00 2.69K Jan 28, 2023 Direct F3
transaction NSC Common Stock Tax liability -$10.8K -45 -1.67% $239.06 2.65K Jan 28, 2023 Direct
transaction NSC Common Stock Tax liability -$12.4K -52 -1.97% $239.06 2.59K Jan 28, 2023 Direct
transaction NSC Common Stock Options Exercise $0 +122 +4.7% $0.00 2.72K Jan 30, 2023 Direct F4
transaction NSC Common Stock Tax liability -$8.13K -34 -1.25% $239.06 2.68K Jan 30, 2023 Direct
holding NSC Common Stock 191 Jan 27, 2023 By 401(k) Plan F5

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 -165 -5.56% 2.8K Jan 27, 2023 Common Stock 165 Direct F1
transaction NSC Restricted Stock Units Options Exercise -160 -5.71% 2.64K Jan 28, 2023 Common Stock 160 Direct F3
transaction NSC Restricted Stock Units Options Exercise -187 -7.07% 2.46K Jan 28, 2023 Common Stock 187 Direct F2
transaction NSC Restricted Stock Units Options Exercise -122 -4.97% 2.34K Jan 30, 2023 Common Stock 122 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 January 28, 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 four annual installments beginning on the first anniversary of the grant date. This distribution represents the fourth of four 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.
F5 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 30, 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.