James A. Squires - 27 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
27 Jan 2023
Net transactions value
-$726,299
Form type
4
Filing time
31 Jan 2023, 19:17:01 UTC
Previous filing
30 Jan 2023
Next filing
23 Feb 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 +664 +1.2% $0.000000 56,409 27 Jan 2023 Direct F1
transaction NSC Common Stock Tax liability $59,335 -246 -0.44% $241.20 56,163 27 Jan 2023 Direct
transaction NSC Common Stock Options Exercise $0 +2,984 +5.3% $0.000000 59,147 28 Jan 2023 Direct F2
transaction NSC Common Stock Options Exercise $0 +2,250 +3.8% $0.000000 61,397 28 Jan 2023 Direct F3
transaction NSC Common Stock Tax liability $199,133 -833 -1.4% $239.06 60,564 28 Jan 2023 Direct
transaction NSC Common Stock Tax liability $264,156 -1,105 -1.8% $239.06 59,459 28 Jan 2023 Direct
transaction NSC Common Stock Options Exercise $0 +2,300 +3.9% $0.000000 61,759 30 Jan 2023 Direct F4
transaction NSC Common Stock Tax liability $203,675 -852 -1.4% $239.06 60,907 30 Jan 2023 Direct
holding NSC Common Stock 20,000 27 Jan 2023 By GRATs
holding NSC Common Stock 32,613 27 Jan 2023 By Spouse
holding NSC Common Stock 1,001 27 Jan 2023 By the E.H. Squires Irrevocable Trust F5
holding NSC Common Stock 1,001 27 Jan 2023 By the M.O. Squires Irrevocable Trust 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 -664 -3.7% 17,078 27 Jan 2023 Common Stock 664 Direct F1, F6
transaction NSC Restricted Stock Units Options Exercise -2,250 -13% 14,828 28 Jan 2023 Common Stock 2,250 Direct F3
transaction NSC Restricted Stock Units Options Exercise -2,984 -20% 11,844 28 Jan 2023 Common Stock 2,984 Direct F2
transaction NSC Restricted Stock Units Options Exercise -2,300 -19% 9,544 30 Jan 2023 Common Stock 2,300 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, 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.
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, 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.
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 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.
F6 This amount reflects the non-reportable cancellation of 5,312 Restricted Stock Units originally granted on January 27, 2022.