Norfolk Southern CEO settles 2,653 stock units
Norfolk Southern’s CEO settled a tranche of prior RSU awards into common stock, with a portion of the shares withheld to cover costs.
Rhea-AI Filing Summary
NORFOLK SOUTHERN CORP (NSC) President & CEO Mark R. George exercised 2,653 Restricted Stock Units into the same number of shares of common stock on September 13, 2026, as part of a grant made on September 13, 2024 under the Norfolk Southern Corporation Long-Term Incentive Plan.
In connection with this settlement, 1,035 common shares were delivered or withheld for payment of exercise price or tax liability at $323.30 per share. Following this installment, George holds 29,664 Restricted Stock Units directly, which will ultimately be settled in common stock. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,653 shares exercised/converted
Exercise
3 txns
Insider
George Mark R
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 2,653 | -- | -- |
| Exercise | Common Stock F1 | 2,653 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,035 | $323.30 | $335K |
Holdings After Transaction:
Restricted Stock Units — 29,664 contracts (Direct);
Common Stock — 22,783 shares (Direct)
Footnotes (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 September 13, 2024, 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. This distribution represents the second settlement of three installments.
Key Figures
Restricted Stock Units exercised: 2,653 units
Common shares acquired from RSU settlement: 2,653 shares
Shares delivered/withheld for exercise price or tax liability: 1,035 shares at $323.30 per share
+2 more
5 metrics
Restricted Stock Units exercised
2,653 units
Exercised into common stock on September 13, 2026
Common shares acquired from RSU settlement
2,653 shares
Shares of Norfolk Southern common stock received on settlement of RSUs
Shares delivered/withheld for exercise price or tax liability
1,035 shares at $323.30 per share
Code F transaction on September 13, 2026
Restricted Stock Units held after transaction
29,664 units
Directly held by Mark R. George following this installment
RSU grant date referenced
September 13, 2024
Original grant and credit date of the Restricted Stock Units
Key Terms
Restricted Stock Units, Long-Term Incentive Plan, Section 16(b), economic equivalent
4 terms
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.
Long-Term Incentive Plan financial
"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.
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.
economic equivalent financial
"Each Unit is the economic equivalent of one share of Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NSC’s CEO Mark R. George report in this Form 4?
He exercised 2,653 Restricted Stock Units into 2,653 shares of Norfolk Southern common stock on September 13, 2026, as a scheduled settlement under a prior equity award, with some shares delivered or withheld to cover exercise price or tax liability.
How many Norfolk Southern (NSC) RSUs did the CEO settle and when?
Mark R. George settled 2,653 Restricted Stock Units on September 13, 2026. The filing notes these units were granted and credited on September 13, 2024 under the Norfolk Southern Corporation Long-Term Incentive Plan and are being settled in installments.
How many Restricted Stock Units does the NSC CEO still hold after this transaction?
After this installment, Mark R. George holds 29,664 Restricted Stock Units directly. Each unit is the economic equivalent of one share of Norfolk Southern common stock and will ultimately be settled in common stock under the long-term incentive plan.
Was the NSC CEO’s Form 4 transaction done under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan was affirmed for these transactions, meaning they are not reported as being executed pursuant to a pre-arranged trading plan under Rule 10b5-1.
What is the origin of the RSUs exercised by the NSC CEO in this Form 4?
The RSUs were granted and credited on September 13, 2024 under the Norfolk Southern Corporation Long-Term Incentive Plan. Each unit is the economic equivalent of one share of common stock, and this distribution is described as the second of three installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
