Claude E. Elkins - Jan 26, 2025 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Signature
J. Jeremy Ballard via P.O.A. for Claude E. Elkins
Stock symbol
NSC
Transactions as of
Jan 26, 2025
Transactions value $
-$139,469
Form type
4
Date filed
1/30/2025, 07:38 PM
Previous filing
May 14, 2024
Next filing
Feb 3, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +520 $0.00 520 Jan 26, 2025 Direct F1
transaction NSC Common Stock Tax liability -$56.1K -221 -42.5% $253.65 299 Jan 26, 2025 Direct
transaction NSC Common Stock Options Exercise $0 +515 +172.24% $0.00 814 Jan 27, 2025 Direct F2
transaction NSC Common Stock Tax liability -$56.3K -219 -26.9% $257.17 595 Jan 27, 2025 Direct
transaction NSC Common Stock Options Exercise $0 +249 +41.85% $0.00 844 Jan 28, 2025 Direct F3
transaction NSC Common Stock Tax liability -$27.1K -106 -12.56% $255.60 738 Jan 28, 2025 Direct
holding NSC Common Stock 126 Jan 26, 2025 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 -10.51% 4.43K Jan 26, 2025 Common Stock 520 Direct F1
transaction NSC Restricted Stock Units Options Exercise -515 -11.63% 3.91K Jan 27, 2025 Common Stock 515 Direct F2
transaction NSC Restricted Stock Units Options Exercise -249 -6.36% 3.67K Jan 28, 2025 Common Stock 249 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 second 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 third 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 final installment.
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 30, 2025, 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.