Lorri J. Kleine - Jan 10, 2022 Form 3 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
SVP & Chief Legal Officer
Signature
/s/ Lorri J. Kleine
Stock symbol
NSC
Transactions as of
Jan 10, 2022
Transactions value $
$0
Form type
3
Date filed
1/19/2022, 09:40 AM
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NSC Common Stock 1.45K Jan 10, 2022 Direct F1
holding NSC Common Stock 1.46K Jan 10, 2022 By 401(k) Plan F1

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
holding NSC Option (right to buy, granted 2016) Jan 10, 2022 Common Stock 1.14K $70.32 Direct F2
holding NSC Option (right to buy, granted 2017) Jan 10, 2022 Common Stock 1.3K $120.25 Direct F2
holding NSC Restricted Stock Units Jan 10, 2022 Common Stock 165 Direct F3
holding NSC Restricted Stock Units Jan 10, 2022 Common Stock 290 Direct F3
holding NSC Restricted Stock Units Jan 10, 2022 Common Stock 320 Direct F3, F4
holding NSC Restricted Stock Units Jan 10, 2022 Common Stock 990 Direct F3, F5
holding NSC Restricted Stock Units Jan 10, 2022 Common Stock 758 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 23, 2021, the Corporation's Board of Directors elected the reporting person to her current position and designated her an "Executive Officer" for purposes of Section 16, effective January 10, 2022. Accordingly, this Form 3 reports the reporting person's direct and indirect holdings of Common Stock and derivative securities on the effective date of her designation.
F2 Employee stock options (right to buy) granted under the Norfolk Southern Corporation Long-Term Incentive Plan
F3 Reports the total number of Restricted Stock Units granted to the reporting person 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 will ultimately be satisfied in shares of Norfolk Southern Corporation Common Stock.
F4 These Units will vest ratably in two annual installments.
F5 These Units will vest ratably in four annual installments.
F6 These Units will vest ratably in three annual installments.

Remarks:

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