Alan H. Shaw - Jul 29, 2021 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
EVP & Chief Marketing Officer
Signature
Denise W. Hutson via P.O.A. for Alan H. Shaw
Stock symbol
NSC
Transactions as of
Jul 29, 2021
Transactions value $
-$859,063
Form type
4
Date filed
8/2/2021, 09:42 AM
Next filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $260K +2.76K +9.64% $94.17 31.4K Jul 29, 2021 Direct F1
transaction NSC Common Stock Options Exercise $284K +2.72K +8.66% $104.23 34.1K Jul 29, 2021 Direct F1
transaction NSC Common Stock Options Exercise $178K +2.55K +7.47% $69.83 36.7K Jul 29, 2021 Direct F1
transaction NSC Common Stock Options Exercise $143K +1.9K +5.18% $75.14 38.6K Jul 29, 2021 Direct F1
transaction NSC Common Stock Sale -$146K -570 -1.48% $256.91 38K Jul 29, 2021 Direct
transaction NSC Common Stock Sale -$287K -1.12K -2.94% $256.97 36.9K Jul 29, 2021 Direct
transaction NSC Common Stock Tax liability -$401K -1.55K -4.21% $258.14 35.3K Jul 29, 2021 Direct
transaction NSC Common Stock Sale -$436K -1.7K -4.81% $256.90 33.6K Jul 29, 2021 Direct
transaction NSC Common Stock Sale -$452K -1.76K -5.24% $256.94 31.9K Jul 29, 2021 Direct F2
holding NSC Common Stock 1.75K Jul 29, 2021 By 401(k) Plan F3

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 2012) Options Exercise -1.9K -100% 0 Jul 29, 2021 Common Stock 1.9K $75.14 Direct F1
transaction NSC Option (right to buy, granted 2013) Options Exercise -2.55K -100% 0 Jul 29, 2021 Common Stock 2.55K $69.83 Direct F1
transaction NSC Option (right to buy, granted 2014) Options Exercise -2.76K -100% 0 Jul 29, 2021 Common Stock 2.76K $94.17 Direct F1
transaction NSC Option (right to buy, granted 2015) Options Exercise -2.72K -100% 0 Jul 29, 2021 Common Stock 2.72K $104.23 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.9000 to $257.0000, inclusive.
F3 Represents the approximate number of whole shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of July 29, 2021, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusteed 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.