Claude E. Elkins - 26 Jan 2024 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Signature
Denise W. Hutson via P.O.A. for Claude E Elkins
Issuer symbol
NSC
Transactions as of
26 Jan 2024
Net transactions value
-$118,821
Form type
4
Filing time
30 Jan 2024, 19:18:21 UTC
Previous filing
31 Jan 2023
Next filing
01 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +520 +17% $0.000000 3,597 26 Jan 2024 Direct F1
transaction NSC Common Stock Tax liability $51,558 -223 -6.2% $231.20 3,374 26 Jan 2024 Direct
transaction NSC Common Stock Options Exercise $0 +515 +15% $0.000000 3,889 27 Jan 2024 Direct F2
transaction NSC Common Stock Tax liability $51,096 -221 -5.7% $231.20 3,668 27 Jan 2024 Direct
transaction NSC Common Stock Options Exercise $0 +247 +6.7% $0.000000 3,915 28 Jan 2024 Direct F3
transaction NSC Common Stock Tax liability $16,167 -69 -1.8% $234.30 3,846 28 Jan 2024 Direct
holding NSC Common Stock 128 26 Jan 2024 By 401(k) Plan F4

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 -12% 3,825 26 Jan 2024 Common Stock 520 Direct F1
transaction NSC Restricted Stock Units Options Exercise -515 -13% 3,310 27 Jan 2024 Common Stock 515 Direct F2
transaction NSC Restricted Stock Units Options Exercise -247 -7.5% 3,063 28 Jan 2024 Common Stock 247 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.
F4 Represents the approximate number of shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of January 29, 2024, 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.