Steven F. Leer - Feb 21, 2023 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
Director
Signature
Denise W. Hutson via P.O.A. for Steven F. Leer
Stock symbol
NSC
Transactions as of
Feb 21, 2023
Transactions value $
$164,129
Form type
4
Date filed
2/23/2023, 04:30 PM
Previous filing
Jan 30, 2023
Next filing
Apr 20, 2023

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 Deferred Stock Units - Dir. Def. Fee Plan Award $56.8K +253 +0.6% $224.55 42.3K Feb 21, 2023 Common Stock 253 Direct F1
transaction NSC Restricted Stock Units Award $107K +476 +0.59% $225.43 80.7K Feb 21, 2023 Common Stock 476 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.
F2 Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.