STOCK TITAN

Norfolk Southern (NSC) COO receives 1,456 restricted stock units in equity grant

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Form Type
4

Rhea-AI Filing Summary

Barr Brian reported acquisition or exercise transactions in this Form 4 filing.

NORFOLK SOUTHERN CORP reported that Chief Operating Officer Brian Barr received a grant of 1,456 Restricted Stock Units on July 27, 2026 under the company’s Long-Term Incentive Plan. Each unit is the economic equivalent of one share of common stock and will be settled in stock, vesting in three annual installments beginning on the first anniversary of the grant date. Following this award, Barr directly holds 4,404 restricted stock units.

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Insider Barr Brian
Role Chief Operating Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1 1,456 -- --
Holdings After Transaction: Restricted Stock Units — 4,404 shares (Direct)
Footnotes (1)
  1. F1. Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 27, 2026, 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 three annual installments beginning on the first anniversary of the grant date.
Restricted Stock Units granted 1,456 units Grant of RSUs to COO Brian Barr on July 27, 2026
Total RSUs after grant 4,404 units Direct RSU holdings of Brian Barr following the award
Vesting installments 3 annual installments RSUs vest ratably in three annual installments
Grant date July 27, 2026 Date RSUs were granted and credited to Brian Barr
Share equivalence 1 unit = 1 share Each Restricted Stock Unit is the economic equivalent of one share of common stock
Restricted Stock Units financial
"Reports the number of Restricted Stock Units, exempt under Section 16(b)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16(b) regulatory
"Restricted Stock Units, exempt under Section 16(b), granted and credited"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Long-Term Incentive Plan financial
"granted and credited ... under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did NSC report for COO Brian Barr?

NSC reported that COO Brian Barr received a grant of 1,456 Restricted Stock Units on July 27, 2026. The award was made under Norfolk Southern’s Long-Term Incentive Plan and is payable in common stock as it vests over time.

How many Restricted Stock Units were granted to NSC COO Brian Barr and what is his new total?

Brian Barr was granted 1,456 Restricted Stock Units, increasing his direct holdings to 4,404 units. Each unit is economically equivalent to one share of Norfolk Southern common stock and will eventually be settled in shares.

What is the vesting schedule for Brian Barr’s 1,456 NSC Restricted Stock Units?

The 1,456 Restricted Stock Units granted to Brian Barr vest ratably in three annual installments. Vesting begins on the first anniversary of the July 27, 2026 grant date, meaning one-third of the award vests each year over three years.

How are Brian Barr’s NSC Restricted Stock Units settled?

Brian Barr’s Restricted Stock Units are settled in Norfolk Southern common stock as they vest. Each unit is the economic equivalent of one share of common stock, aligning the COO’s compensation with shareholder interests over the vesting period.

Under what plan were the NSC Restricted Stock Units granted to Brian Barr?

The 1,456 Restricted Stock Units were granted under the Norfolk Southern Corporation Long-Term Incentive Plan. This plan provides equity-based awards intended to reward and retain key executives through stock-settled compensation tied to long-term company performance.

Are Brian Barr’s NSC Restricted Stock Units exempt under Section 16(b)?

Yes. The filing states that the reported Restricted Stock Units are exempt under Section 16(b). This indicates the grant is structured to qualify for an exemption from short-swing profit recovery rules applicable to insiders of public companies.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Barr Brian

(Last)(First)(Middle)
650 W PEACHTREE ST NW

(Street)
ATLANTA GEORGIA 30308

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
NORFOLK SOUTHERN CORP [ NSC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)07/27/2026A(1)1,456(1) (1) (1)Common Stock1,456(1)4,404D
Explanation of Responses:
1. Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 27, 2026, 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 three annual installments beginning on the first anniversary of the grant date.
J. Jeremy Ballard via P.O.A. for Brian Barr07/29/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)