Norfolk Southern director credited 171.521 stock units

Q: How many deferred stock units did NSC director John C. Huffard Jr. receive?

John C. Huffard Jr., a director, was credited with 171.521 deferred stock units on September 30, 2026. The reported price was $309.0000 per unit; the units were credited for quarterly fees deferred under the Directors' Deferred Fee Plan.

Q: How are NSC director deferred stock units settled?

The deferred stock units ultimately will be satisfied in cash, not common shares, upon the director's retirement or at another time elected under the plan.

The credited units are ultimately satisfied in cash upon the director's retirement or at another time elected under the plan.

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Rhea-AI Filing Summary

Norfolk Southern director John C. Huffard Jr. received 171.521 deferred stock units on September 30, 2026, for quarterly fees deferred under the Directors' Deferred Fee Plan. The reported price was $309.0000 per unit, based on the common stock's closing market value on the last trading day of the quarter. His account held 3,306.5849 deferred stock units after the credit. The units ultimately will be satisfied in cash, not common shares, upon his retirement or at another time elected under the plan.

Insider Trade Summary

Grant/Award: 171.521 shares

Grant/Award 1 txn

Insider Huffard John C Jr

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units - Dir. Def. Fee Plan ^F1	171.521	$309.00	$53K

Holdings After Transaction: Deferred Stock Units - Dir. Def. Fee Plan — 3,306.5849 contracts (Direct)

Footnotes (1)

F1. Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan for deferral of quarterly fees, calculated on the basis of the closing market value of the company's common stock on the last trading day of each quarter. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

Key Figures

Deferred stock units credited: 171.521 deferred stock units Reported price per unit: $309.0000 per deferred stock unit Deferred stock units after credit: 3,306.5849 deferred stock units

3 metrics

Deferred stock units credited 171.521 deferred stock units September 30, 2026

Reported price per unit $309.0000 per deferred stock unit Deferred-fee plan credit

Deferred stock units after credit 3,306.5849 deferred stock units John C. Huffard Jr.'s account following the credit

Key Terms

deferred stock units, Directors' Deferred Fee Plan, closing market value

3 terms

deferred stock units financial

"number of deferred stock units credited to the reporting person's account"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Directors' Deferred Fee Plan financial

"Norfolk Southern Corporation Directors' Deferred Fee Plan"

closing market value financial

"calculated on the basis of the closing market value of the company's common stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many deferred stock units did NSC director John C. Huffard Jr. receive?

John C. Huffard Jr., a director, was credited with 171.521 deferred stock units on September 30, 2026. The reported price was $309.0000 per unit; the units were credited for quarterly fees deferred under the Directors' Deferred Fee Plan.

How are NSC director deferred stock units settled?

The deferred stock units ultimately will be satisfied in cash, not common shares, upon the director's retirement or at another time elected under the plan.

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

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Available on EDGAR 10/02/2026 - 11:57 AM Accepted by SEC EDGAR 10/02/2026 - 11:57 AM

SEC Form 4

FORM 4

UNITED 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^*

Huffard John C Jr

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Stock Units - Dir. Def. Fee Plan	⁽¹⁾	09/30/2026		A⁽¹⁾		171.521⁽¹⁾		⁽¹⁾	⁽¹⁾	Common Stock	171.521	$309⁽¹⁾	3,306.5849	D

Explanation of Responses:

1. Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan for deferral of quarterly fees, calculated on the basis of the closing market value of the company's common stock on the last trading day of each quarter. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

	J. Jeremy Ballard via P.O.A. for John C. Huffard, Jr.	10/02/2026
	** Signature of Reporting Person	Date
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)

Source: View Original Filing on SEC EDGAR