John C. Huffard Jr - Nov 20, 2025 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role: Director
Signature: J. Jeremy Ballard via P.O.A. for John C. Huffard, Jr.
Stock symbol: NSC
Transactions as of: Nov 20, 2025
Transactions value $: $9,690
Form type: 4
Date filed: 11/24/2025, 11:19 AM
Previous filing: Oct 7, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Huffard John C Jr	Director	650 W PEACHTREE ST NW, ATLANTA	J. Jeremy Ballard via P.O.A. for John C. Huffard, Jr.	2025-11-24	0001747299

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	Deferred Stock Units - Dir. Def. Fee Plan	Award	$3.44K	+12.3	+0.48%	$280.22	2.56K	Nov 20, 2025	Common Stock	12.3		Direct	F1
transaction	NSC	Restricted Stock Units	Award	$6.25K	+22.1	+0.48%	$282.86	4.61K	Nov 20, 2025	Common Stock	22.1		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.
F2	Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

Content

Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.