Jason A. Zampi - 24 Oct 2025 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role: EVP & CFO
Signature: J. Jeremy Ballard via P.O.A. for Jason A. Zampi
Issuer symbol: NSC
Transactions as of: 24 Oct 2025
Transactions value $: -$11,865
Form type: 4
Filing time: 27 Oct 2025, 16:32:57 UTC
Previous filing: 03 Feb 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zampi Jason Andrew	EVP & CFO	650 W PEACHTREE ST NW, ATLANTA	J. Jeremy Ballard via P.O.A. for Jason A. Zampi	27 Oct 2025	0001762701

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSC	Common Stock	Options Exercise	$0	+150	+5.14%	$0.00	3.07K	24 Oct 2025	Direct	F1
transaction	NSC	Common Stock	Tax liability	-$11.9K	-42	-1.37%	$282.50	3.03K	24 Oct 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		-150	-3.66%		3.95K	24 Oct 2025	Common Stock	150		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 four installments.

Content

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.