Anil Bhatt - Oct 24, 2025 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP & CIDO
Signature
J. Jeremy Ballard via P.O.A. for Anil Bhatt
Stock symbol
NSC
Transactions as of
Oct 24, 2025
Transactions value $
-$329,395
Form type
4
Date filed
10/27/2025, 04:32 PM
Previous filing
Feb 3, 2025
Next filing
Nov 20, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bhatt Anil EVP & CIDO 650 W PEACHTREE ST NW, ATLANTA J. Jeremy Ballard via P.O.A. for Anil Bhatt 2025-10-27 0002035558

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +3.26K $0.00 3.26K Oct 24, 2025 Direct F1
transaction NSC Common Stock Options Exercise $0 +220 +6.75% $0.00 3.48K Oct 24, 2025 Direct F2
transaction NSC Common Stock Tax liability -$17K -60 -1.72% $282.50 3.42K Oct 24, 2025 Direct
transaction NSC Common Stock Tax liability -$312K -1.11K -32.35% $282.50 2.31K Oct 24, 2025 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 Options Exercise -220 -1.75% 12.4K Oct 24, 2025 Common Stock 220 Direct F2
transaction NSC Restricted Stock Units Options Exercise -3.26K -26.36% 9.11K Oct 24, 2025 Common Stock 3.26K Direct F1
* 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 October 24, 2024, 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. This distribution represents the first settlement of three 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 October 24, 2024, 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. This distribution represents the first settlement of four installments.