Anil Bhatt - 30 Jan 2026 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP & CIDO
Signature
J. Jeremy Ballard via P.O.A. for Anil Bhatt
Issuer symbol
NSC
Transactions as of
30 Jan 2026
Net transactions value
-$67,970
Form type
4
Filing time
03 Feb 2026, 17:08:36 UTC
Previous filing
20 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bhatt Anil EVP & CIDO 650 W PEACHTREE ST NW, ATLANTA J. Jeremy Ballard via P.O.A. for Anil Bhatt 03 Feb 2026 0002035558

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +641 +45% $0.000000 2,054 30 Jan 2026 Direct F1
transaction NSC Common Stock Options Exercise $0 +220 +11% $0.000000 2,274 30 Jan 2026 Direct F2
transaction NSC Common Stock Tax liability $17,354 -60 -2.6% $289.24 2,214 30 Jan 2026 Direct
transaction NSC Common Stock Tax liability $50,616 -175 -7.9% $289.24 2,039 30 Jan 2026 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 Award +3,423 +38% 12,528 30 Jan 2026 Common Stock 3,423 Direct F3
transaction NSC Restricted Stock Units Options Exercise -220 -1.8% 12,308 30 Jan 2026 Common Stock 220 Direct F2
transaction NSC Restricted Stock Units Options Exercise -641 -5.2% 11,667 30 Jan 2026 Common Stock 641 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, 2025, 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 three annual installments beginning on the first anniversary of the grant date. This distribution represents the first of three 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 October 24, 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. 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 30, 2026, 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 three annual installments beginning on the first anniversary of the grant date.