Lorri J. Kleine - Jan 30, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
SVP & Chief Legal Officer
Signature
Denise W. Hutson as P.O.A. for Lorri J. Kleine
Stock symbol
NSC
Transactions as of
Jan 30, 2022
Transactions value $
-$19,220
Form type
4
Date filed
2/1/2022, 08:02 PM
Previous filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSC Common Stock Options Exercise $0 +252 +10.58% $0.00 2.63K Jan 30, 2022 Direct F1
transaction NSC Common Stock Tax liability -$19.2K -71 -2.7% $270.71 2.56K Jan 30, 2022 Direct
holding NSC Common Stock 1.44K Jan 30, 2022 By 401(k) Plan

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 -252 -33.25% 506 Jan 30, 2022 Common Stock 252 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 in 2020, 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.