Alan H. Shaw - Sep 1, 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: Sep 1, 2022
Transactions value $: -$482,560
Form type: 4
Date filed: 9/2/2022, 06:57 PM
Previous filing: Aug 1, 2022
Next filing: Dec 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSC	Common Stock	Sale	-$483K	-2K	-5.84%	$241.28	32.3K	Sep 1, 2022	Direct	F1
transaction	NSC	Common Stock	Gift	$0	-97	-0.3%	$0.00	32.2K	Sep 1, 2022	Direct
holding	NSC	Common Stock						1.81K	Sep 1, 2022	By 401(k) Plan	F2

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

Explanation of Responses:

Id	Content
F1	Shares sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2022.
F2	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 September 1, 2022, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusted 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.

Content

Shares sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2022.

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 September 1, 2022, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusted 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.