Claude E. Elkins - 25 Jan 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP & Chief Marketing Officer
Signature
Denise W. Hutson via POA for Claude E Elkins
Issuer symbol
NSC
Transactions as of
25 Jan 2022
Transactions value $
-$34,618
Form type
4
Filing time
27 Jan 2022, 16:13:00 UTC
Previous filing
17 Dec 2021
Next filing
31 Jan 2022
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 +165 +67.9% $0 408 25 Jan 2022 Direct F1
transaction NSC Common Stock Tax liability -$12,499 -46 -11.27% $271.73 362 25 Jan 2022 Direct
transaction NSC Common Stock Options Exercise $0 +290 +80.11% $0 652 26 Jan 2022 Direct F2
transaction NSC Common Stock Tax liability -$22,118 -81 -12.42% $273.06 571 26 Jan 2022 Direct
holding NSC Common Stock 122 25 Jan 2022 By 401(k) Plan F3

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 $0 -165 -100% $0* 0 25 Jan 2022 Common Stock 165 Direct F1
transaction NSC Restricted Stock Units Options Exercise -290 -100% 0 26 Jan 2022 Common Stock 290 Direct F2
* 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 25, 2018, 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 Represents shares earned by the reporting person that were originally granted as restricted stock units on January 26, 2017, under the Corporation's Long-Term Incentive Plan (a Rule 16b-3 plan).
F3 Represents the approximate number of whole shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of January 26, 2022, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and investment Plan (TIP), a trusted 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.