Paul B. Duncan - Oct 27, 2023 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Signature
Denise W. Hutson via P.O.A. for Paul B. Duncan
Stock symbol
NSC
Transactions as of
Oct 27, 2023
Transactions value $
-$2,779
Form type
4
Date filed
10/31/2023, 09:06 AM
Previous filing
May 2, 2023
Next filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +52 +4.24% $0.00 1.28K Oct 27, 2023 Direct F1
transaction NSC Common Stock Tax liability -$2.78K -15 -1.17% $185.27 1.26K Oct 27, 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 -52 -1.09% 4.73K Oct 27, 2023 Common Stock 52 Direct F1
* 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 October 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.