Ann A. Adams - 09 Nov 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
Issuer symbol
NSC
Transactions as of
09 Nov 2023
Net transactions value
-$99,923
Form type
4
Filing time
13 Nov 2023, 17:41:50 UTC
Previous filing
31 Jan 2023
Next filing
30 Jan 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 $263,348 +2,190 +14% $120.25 17,493 09 Nov 2023 Direct F1
transaction NSC Common Stock Options Exercise $167,810 +1,610 +9.2% $104.23 19,103 09 Nov 2023 Direct F1
transaction NSC Common Stock Options Exercise $86,500 +500 +2.6% $173.00 19,603 09 Nov 2023 Direct F1
transaction NSC Common Stock Gift $0 -74 -0.38% $0.000000 19,529 09 Nov 2023 Direct
transaction NSC Common Stock Tax liability $617,581 -3,174 -16% $194.58 16,355 09 Nov 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 09 Nov 2023 Common Stock 500 $173.00 Direct F1
transaction NSC Option (right to buy, granted 2015) Options Exercise -1,610 -100% 0 09 Nov 2023 Common Stock 1,610 $104.23 Direct F1
transaction NSC Option (right to buy, granted 2017) Options Exercise -2,190 -100% 0 09 Nov 2023 Common Stock 2,190 $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).