Norfolk Southern (NSC) EVP Claude Elkins granted 4,149 RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Norfolk Southern EVP & Chief Commercial Officer Claude E. Elkins reported equity compensation activity dated January 30, 2026. He received 4,149 Restricted Stock Units (RSUs) under the Long-Term Incentive Plan, each economically equivalent to one share of common stock and settling in stock.
On the same date, previously granted RSUs vested and were converted into 777 and 527 shares of common stock, while 144 and 212 shares were withheld at $289.235 per share to cover taxes. After these transactions, Elkins directly held 3,365 common shares, 8,584 RSUs, and 131.6505 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,304 shares exercised/converted
Mixed
8 txns
Insider
Elkins Claude E
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,149 | $0.00 | -- |
| Exercise | Restricted Stock Units | 527 | $0.00 | -- |
| Exercise | Restricted Stock Units | 777 | $0.00 | -- |
| Exercise | Common Stock | 777 | $0.00 | -- |
| Exercise | Common Stock | 527 | $0.00 | -- |
| Tax Withholding | Common Stock | 144 | $289.235 | $42K |
| Tax Withholding | Common Stock | 212 | $289.235 | $61K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,584 shares (Direct);
Common Stock — 3,194 shares (Direct);
Common Stock — 131.651 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 30, 2025, 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. This distribution represents the first of three installments. Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 30, 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, vesting ratably in four annual installments beginning on the first anniversary of the grant date. This distribution represents the second of four installments. Represents the approximate number of shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of January 30, 2026, to have been credited to the reportingperson'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 atvarious prices. Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 30, 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.
FAQ
What insider transactions did Claude E. Elkins report at Norfolk Southern (NSC)?
Claude E. Elkins reported RSU grants, vesting, and tax share withholding. On January 30, 2026, RSUs converted into common stock, new RSUs were granted, and some shares were withheld to satisfy tax obligations under Norfolk Southern’s equity compensation and benefit plans.
How many Restricted Stock Units were granted to Claude E. Elkins in this Form 4?
Elkins was granted 4,149 Restricted Stock Units on January 30, 2026. These RSUs are under Norfolk Southern’s Long-Term Incentive Plan, each equal in value to one common share and scheduled to vest in three annual installments starting one year after the grant date.
What vesting schedules apply to Claude E. Elkins’ Norfolk Southern RSUs?
Different grants follow three- and four-year vesting schedules. RSUs granted in 2024 vest in four annual installments, while the 2025 and 2026 grants vest in three annual installments, with distributions beginning on the first anniversary of each respective grant date.
What is the role of the Norfolk Southern 401(k) Thrift and Investment Plan in Elkins’ holdings?
The 401(k) plan holds company stock for Elkins on an estimated basis. As of January 30, 2026, 131.6505 common shares were credited to his account, with acquisitions made at various times and prices under the plan’s standard unit accounting system.