Anil Bhatt - 30 Jan 2025 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 2025
Transactions value $: $0
Form type: 4
Filing time: 03 Feb 2025, 19:26:37 UTC
Previous filing: 28 Oct 2024
Next filing: 27 Oct 2025
SEC: View on sec.gov

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	Option (right to buy, granted 2025)	Award		+5.67K			5.67K	30 Jan 2025	Common Stock	5.67K	$257.26	Direct	F1
transaction	NSC	Restricted Stock Units	Award		+1.92K	+18.05%		12.6K	30 Jan 2025	Common Stock	1.92K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan).
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 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.

Content

Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan).

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.