Ann A. Adams - Nov 9, 2023 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role: EVP & Chief Transform. Officer
Signature: Denise W. Hutson via P.O.A. for Ann A. Adams
Stock symbol: NSC
Transactions as of: Nov 9, 2023
Transactions value $: -$99,923
Form type: 4
Date filed: 11/13/2023, 05:41 PM
Previous filing: Jan 31, 2023
Next filing: Jan 30, 2024
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	$263K	+2.19K	+14.31%	$120.25	17.5K	Nov 9, 2023	Direct	F1
transaction	NSC	Common Stock	Options Exercise	$168K	+1.61K	+9.2%	$104.23	19.1K	Nov 9, 2023	Direct	F1
transaction	NSC	Common Stock	Options Exercise	$86.5K	+500	+2.62%	$173.00	19.6K	Nov 9, 2023	Direct	F1
transaction	NSC	Common Stock	Gift	$0	-74	-0.38%	$0.00	19.5K	Nov 9, 2023	Direct
transaction	NSC	Common Stock	Tax liability	-$618K	-3.17K	-16.25%	$194.58	16.4K	Nov 9, 2023	Direct

Showing 1 to 5 of 5 entries

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	Option (right to buy, granted 08/16/2019)	Options Exercise		-500	-100%		0	Nov 9, 2023	Common Stock	500	$173.00	Direct	F1
transaction	NSC	Option (right to buy, granted 2015)	Options Exercise		-1.61K	-100%		0	Nov 9, 2023	Common Stock	1.61K	$104.23	Direct	F1
transaction	NSC	Option (right to buy, granted 2017)	Options Exercise		-2.19K	-100%		0	Nov 9, 2023	Common Stock	2.19K	$120.25	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).