Ann A. Adams - Jan 26, 2024 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
Jan 26, 2024
Transactions value $
-$149,430
Form type
4
Date filed
1/30/2024, 07:18 PM
Previous filing
Nov 13, 2023
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +520 +3.18% $0.00 16.9K Jan 26, 2024 Direct F1
transaction NSC Common Stock Tax liability -$51.6K -223 -1.32% $231.20 16.7K Jan 26, 2024 Direct
transaction NSC Common Stock Options Exercise $0 +580 +3.48% $0.00 17.2K Jan 27, 2024 Direct F2
transaction NSC Common Stock Tax liability -$57.3K -248 -1.44% $231.20 17K Jan 27, 2024 Direct
transaction NSC Common Stock Options Exercise $0 +622 +3.66% $0.00 17.6K Jan 28, 2024 Direct F3
transaction NSC Common Stock Tax liability -$40.5K -173 -0.98% $234.30 17.4K Jan 28, 2024 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 -520 -9.27% 5.09K Jan 26, 2024 Common Stock 520 Direct F1
transaction NSC Restricted Stock Units Options Exercise -580 -11.39% 4.51K Jan 27, 2024 Common Stock 580 Direct F2
transaction NSC Restricted Stock Units Options Exercise -622 -13.79% 3.89K Jan 28, 2024 Common Stock 622 Direct F3
* 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 January 26, 2023, 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.
F2 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 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 second of four installments.
F3 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 28, 2021, 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 third of four installments.