Norfolk Southern director granted 622 RSUs

Norfolk Southern Corporation director Christopher T. Jones received a grant of restricted stock units.

Rhea-AI Filing Summary

Norfolk Southern Corporation director Christopher T. Jones received a grant of restricted stock units. On January 30, 2026, he was awarded 622 restricted stock units under the Norfolk Southern Corporation Long-Term Incentive Plan, at a price of $0.00 per unit.

Each unit is economically equivalent to one share of Norfolk Southern common stock and will be settled in common shares. These units vest in full on the first anniversary of the grant date. Following this grant, Jones beneficially owns a total of 5,229.5447 derivative securities reported as directly held.

Insider Trade Summary

Grant/Award: 622 shares

Grant/Award 1 txn

Insider Jones Christopher T

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	622	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 5,229.5447 contracts (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 January 30, 2026, specified 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 will be settled in Norfolk Southern Corporation Common Stock, vesting in full on the first anniversary of the grant date.

FAQ

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

What did Norfolk Southern (NSC) director Christopher T. Jones report on this Form 4?

Christopher T. Jones reported receiving 622 restricted stock units on January 30, 2026. The award was made under the Norfolk Southern Corporation Long-Term Incentive Plan and is economically equivalent to 622 shares of Norfolk Southern common stock upon settlement at vesting.

How many restricted stock units did Norfolk Southern (NSC) grant to director Christopher T. Jones?

Norfolk Southern granted 622 restricted stock units to director Christopher T. Jones. Each restricted stock unit represents the economic equivalent of one share of Norfolk Southern common stock and will be settled in common stock when the award vests under the plan’s terms.

When do Christopher T. Jones’s Norfolk Southern (NSC) restricted stock units vest?

The restricted stock units granted to Christopher T. Jones vest in full on the first anniversary of the January 30, 2026 grant date. At vesting, the units will be settled in Norfolk Southern Corporation common stock according to the incentive plan’s provisions.

What is the economic value structure of the Norfolk Southern (NSC) restricted stock units reported?

Each restricted stock unit is the economic equivalent of one share of Norfolk Southern common stock. Although reported with a price of $0.00 per unit, the units will be settled in common shares, aligning their value with the market price of the underlying stock at settlement.

How many Norfolk Southern (NSC) derivative securities does Christopher T. Jones hold after this grant?

After the January 30, 2026 grant, Christopher T. Jones beneficially owns 5,229.5447 derivative securities. These holdings include the newly granted 622 restricted stock units and are reported as directly owned under the Norfolk Southern Corporation Long-Term Incentive Plan.

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

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Accepted by SEC EDGAR 02/03/2026 - 05:32 PM EST Learn about SEC filing dates

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^*

Jones Christopher T

(Last) (First) (Middle)

650 W PEACHTREE ST NW

(Street)

ATLANTA GA 30308

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	01/30/2026		A(1)		622(1)		(1)	(1)	Common Stock	622	(1)	5,229.5447	D

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 January 30, 2026, specified 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 will be settled in Norfolk Southern Corporation Common Stock, vesting in full on the first anniversary of the grant date.

	J. Jeremy Ballard via P.O.A. for Christopher T. Jones	02/03/2026
	** 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.