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

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

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).