Norfolk Southern (NYSE: NSC) director adds RSUs from dividend equivalents
Rhea-AI Filing Summary
NORFOLK SOUTHERN CORP (NSC) reported that director Phillip S. Davidson received an acquisition of 9.7808 Restricted Stock Units on August 20, 2026 as a grant/award under the Norfolk Southern Corporation Long-Term Incentive Plan. These RSUs were credited as dividend equivalent payments based on the market value of the common stock on the dividend payment date and will ultimately be settled in common stock. Following this award, Davidson holds a total of 2,530.3740 Restricted Stock Units directly.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davidson Phillip S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1 | 9.7808 | $347.905 | $3K |
Holdings After Transaction:
Restricted Stock Units — 2,530.374 shares (Direct)
Footnotes (1)
- F1. Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.
Key Figures
Restricted Stock Units acquired: 9.7808 units
Reference value per Restricted Stock Unit: $347.9050 per unit
Restricted Stock Units held after transaction: 2,530.3740 units
+1 more
4 metrics
Restricted Stock Units acquired
9.7808 units
Grant/award acquisition on August 20, 2026 as dividend equivalent payments
Reference value per Restricted Stock Unit
$347.9050 per unit
Calculated based on the market value of common stock on the dividend payment date
Restricted Stock Units held after transaction
2,530.3740 units
Total direct RSU holdings of Phillip S. Davidson following the award
Underlying common stock shares per RSU
9.7808 shares
Underlying common stock corresponding to the 9.7808 RSUs acquired
Key Terms
Restricted Stock Units, dividend equivalent payments, Long-Term Incentive Plan
3 terms
Restricted Stock Units financial
"Reports the number of restricted stock units credited to the reporting person's account"
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.
dividend equivalent payments financial
"in the form of dividend equivalent payments on restricted stock units held under the plan"
Long-Term Incentive Plan financial
"account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend"
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.
FAQ
What insider transaction was reported at NSC in this Form 4?
The filing reports that director Phillip S. Davidson acquired 9.7808 Restricted Stock Units as a grant/award under Norfolk Southern Corporation’s Long-Term Incentive Plan on August 20, 2026, credited as dividend equivalent payments and ultimately payable in common stock.
How many Restricted Stock Units does the NSC director hold after this transaction?
After the reported transaction, Phillip S. Davidson holds 2,530.3740 Restricted Stock Units directly. These units are part of Norfolk Southern Corporation’s Long-Term Incentive Plan and will ultimately be satisfied in shares of the company’s common stock.
What was the reference price for the NSC Restricted Stock Unit dividend equivalents?
The 9.7808 Restricted Stock Units were credited at a value of $347.9050 per unit, calculated on the basis of the market value of Norfolk Southern Corporation’s common stock on the dividend payment date, as described in the plan footnote.
What is the nature of the equity award reported for NSC’s director?
The award is Restricted Stock Units credited as dividend equivalent payments on RSUs already held under Norfolk Southern Corporation’s Long-Term Incentive Plan. The filing states these units will ultimately be settled in common stock of the company.
Is the NSC Form 4 transaction a purchase or a grant?
The Form 4 characterizes the transaction as a grant/award acquisition (transaction code A) of 9.7808 Restricted Stock Units, not an open-market purchase. The RSUs were credited as dividend equivalents under the company’s Long-Term Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
