Nabanita C. Nag - 30 Jan 2024 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP Corporate Affairs & CLO
Signature
Denise Hutson via P.O.A. for Nabanita C. Nag
Issuer symbol
NSC
Transactions as of
30 Jan 2024
Net transactions value
-$4,020
Form type
4
Filing time
01 Feb 2024, 21:35:29 UTC
Previous filing
30 Jan 2024
Next filing
31 Jul 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 $0 +58 +3.2% $0.000000 1,860 30 Jan 2024 Direct F1
transaction NSC Common Stock Tax liability $4,020 -17 -0.91% $236.48 1,843 30 Jan 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 Option (right to buy, granted 2024) Award +8,160 8,160 30 Jan 2024 Common Stock 8,160 $236.85 Direct F2
transaction NSC Restricted Stock Units Award +2,750 +99% 5,517 30 Jan 2024 Common Stock 2,750 Direct F3
transaction NSC Restricted Stock Units Options Exercise -58 -1.1% 5,459 30 Jan 2024 Common Stock 58 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 January 30, 2020, 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 fourth of four installments.
F2 Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan). These options will vest ratably in four annual installments beginning on the first anniversary of the grant date.
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 30, 2024, 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.