Jennifer F. Scanlon - 21 Feb 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role: Director
Signature: Denise W. Hutson via P.O.A. for Jennifer F. Scanlon
Issuer symbol: NSC
Transactions as of: 21 Feb 2022
Transactions value $: $5,344
Form type: 4
Filing time: 23 Feb 2022, 12:11:04 UTC
Previous filing: 31 Jan 2022
Next filing: 24 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NSC	Common Stock						525	21 Feb 2022	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	$5.34K	+19.6	+0.45%	$273.12	4.33K	21 Feb 2022	Common Stock	19.6		Direct	F1, 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 credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.
F2	Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

Content

Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.