Alan H. Shaw - Jul 28, 2022 Form 4 Insider Report for NORFOLK SOUTHERN CORP (NSC)

Role
President & CEO, Director
Signature
Denise W. Hutson via P.O.A. for Alan H. Shaw
Stock symbol
NSC
Transactions as of
Jul 28, 2022
Transactions value $
$0
Form type
4
Date filed
8/1/2022, 04:40 PM
Previous filing
Jun 2, 2022
Next filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NSC Common Stock 34.3K Jul 28, 2022 Direct
holding NSC Common Stock 1.81K Jul 28, 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
transaction NSC Option (right to buy, granted 2022) Award +5.2K 5.2K Jul 28, 2022 Common Stock 5.2K $244.83 Direct F2
transaction NSC Restricted Stock Units Award +2.67K +30.59% 11.4K Jul 28, 2022 Common Stock 2.67K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 28, 2022, 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.
F2 Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan).
F3 Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, 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, vesting ratably in four annual installments beginning on the first anniversary of the grant date.