Every Form 4 that Norfolk Southern Corp. (NSC) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow NSC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NSC filings page.
Norfolk Southern Corporation director Marcela E. Donadio reported an award of 622 Restricted Stock Units on January 30, 2026 under the company’s Long-Term Incentive Plan. Each unit is economically equivalent to one share of common stock and will be settled in common shares.
The RSUs vest in full on the first anniversary of the grant date. Following this grant, Donadio beneficially owns 9,284.9 derivative securities related to Norfolk Southern common stock, all held directly.
Norfolk Southern Corporation director William Clyburn Jr. received a grant of 622 Restricted Stock Units on January 30, 2026 under the company’s Long-Term Incentive Plan. Each unit is equal in value to one share of common stock and will vest in full on the first anniversary of the grant date.
Norfolk Southern Corporation director Francesca A. DeBiase received a grant of 622 Restricted Stock Units on January 30, 2026 under the company’s Long-Term Incentive Plan. Each unit is economically equivalent to one share of common stock and will be settled in common stock.
Following this grant, DeBiase beneficially owns 2,129.3321 derivative securities tied to Norfolk Southern common stock, held directly. The granted units vest in full on the first anniversary of the grant date, aligning director compensation with the company’s share performance over time.
Norfolk Southern Corporation director Richard H. Anderson received a grant of 968 restricted stock units (RSUs) on January 30, 2026 under the company’s Long-Term Incentive Plan. Each unit is economically equivalent to one share of common stock and will be settled in stock.
The RSUs vest in full on the first anniversary of the grant date. Following this award, Anderson beneficially owns 2,358.9528 RSUs directly, aligning a portion of his compensation with Norfolk Southern’s future share performance.
Norfolk Southern executive Claiborne L. Moore, Vice President & Controller, reported several equity compensation transactions dated January 30, 2026. Moore received a grant of 823 Restricted Stock Units under the Norfolk Southern Long-Term Incentive Plan, each unit representing the value of one share of common stock and scheduled to vest in three annual installments starting one year after the grant date.
The filing also shows 421 Restricted Stock Units from a 2025 award and 252 units from a 2024 award being converted into common shares as scheduled vesting installments. To cover tax withholding on these vestings, 69 and 115 common shares were withheld at a price of $289.235 per share. After these transactions, Moore directly owned 4,970 shares of common stock and had approximately 231.6126 shares credited indirectly through a 401(k) plan account as of January 30, 2026.
Norfolk Southern Corporation EVP & Chief Operating Officer John F. Orr reported equity compensation activity dated January 30, 2026. He received a grant of 4,287 restricted stock units (RSUs) under the company’s Long-Term Incentive Plan, each unit representing the economic equivalent of one share of common stock.
On the same date, previously granted RSUs vested, converting 803 and 702 units from earlier awards into the same number of common shares. To cover tax withholding on these vestings, the company withheld 191 and 219 common shares at a price of $289.235 per share. After these transactions, Orr directly owned 6,291 shares of Norfolk Southern common stock and held 23,941 RSUs outstanding.
Norfolk Southern Corporation’s President and CEO Mark R. George reported multiple equity compensation transactions dated January 30, 2026. He received a new grant of 18,998 Restricted Stock Units (RSUs) under the company’s Long-Term Incentive Plan, each RSU economically equal to one share of common stock, vesting in three annual installments beginning one year after the grant date.
The filing also shows RSU conversions of 2,979 and 712 units into common stock, and dispositions of 279 and 1,165 common shares at $289.235 per share. After these transactions, George directly owned 21,165 shares of Norfolk Southern common stock and held 36,008 RSUs.
Norfolk Southern Corporation EVP & CFO Jason Andrew Zampi reported equity compensation activity and related tax-withholding on January 30, 2026. He acquired Common Stock through the vesting of previously granted restricted stock units, including 673, 252, 135 and 15 shares at an exercise price of $0.0000 per share.
To cover taxes, shares of Common Stock were withheld under transaction code F, with examples including 5, 37, 69 and 183 shares at $289.235 per share. Following these transactions, he directly held 4,145 shares of Common Stock. He also received a new award of 4,149 restricted stock units, each economically equivalent to one share of Common Stock, which will settle in stock and vest ratably in three annual installments beginning one year after the January 30, 2026 grant date.
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.
Norfolk Southern executive Anil Bhatt, EVP & CIDO, reported several equity award transactions on January 30, 2026. He received 3,423 Restricted Stock Units (RSUs) under the company’s Long-Term Incentive Plan, each equivalent to one share of common stock and settling in stock over time.
Vesting of earlier RSU grants led to the acquisition of 641 and 220 shares of common stock at $0.0000 per share. On the same date, 60 and 175 common shares were disposed of at $289.235 per share. After these transactions, Bhatt beneficially owned 2,039 common shares directly and 12,528 RSUs.
Norfolk Southern Corporation President & CEO Mark R. George reported routine equity compensation activity. On January 26, 2026, 625 shares of Common Stock were acquired at $0.0000 upon the exercise of Restricted Stock Units, and 245 shares were disposed of at $288.3125 per share. On January 27, 2026, 775 shares were acquired at $0.0000 and 303 shares were disposed of at $289.905 per share. Following these transactions, he beneficially owned 18,918 shares of Common Stock directly and 17,010 Restricted Stock Units, each representing the economic equivalent of one share and granted under the Norfolk Southern Corporation Long-Term Incentive Plan.
Norfolk Southern Corporation Vice President & Controller Claiborne L. Moore reported routine equity compensation activity. On January 26 and 27, 2026, portions of two restricted stock unit (RSU) awards granted in 2022 and 2023 vested, converting 247 and 254 RSUs into the same number of common shares at an exercise price of $0.0000.
On each vesting date, Norfolk Southern withheld 68 and 70 common shares, respectively, at prices of $288.3125 and $289.905 to cover tax obligations, leaving Moore with 4,481 directly held common shares afterward. Separately, approximately 229.2879 additional common shares were credited to Moore’s account in the company’s Thrift and Investment Plan 401(k).
Norfolk Southern EVP & CFO Jason A. Zampi reported routine equity compensation activity. On January 26, 2026, 247 shares of common stock were issued at $0.0000 upon vesting of restricted stock units, with 68 shares withheld at $288.3125 per share for taxes, leaving 3,204 common shares directly held.
On January 27, 2026, 220 additional shares were issued at $0.0000 from another restricted stock unit grant, with 60 shares withheld at $289.905 per share for taxes, resulting in 3,364 common shares directly owned. Following these transactions, Zampi also held 3,698 and 3,478 restricted stock units from the 2023 and 2022 long‑term incentive grants, respectively.
Norfolk Southern EVP & Chief Commercial Officer Claude E. Elkins reported routine equity compensation activity. On January 26, 2026, 520 restricted stock units granted in 2023 converted into 520 shares of common stock at $0 exercise price. The company withheld 142 shares at $288.3125 per share to cover taxes, leaving 2,043 shares held directly.
On January 27, 2026, 515 restricted stock units granted in 2022 converted into 515 shares, with 141 shares withheld at $289.905 for taxes, leaving 2,417 shares held directly. Elkins also holds about 130.3291 shares indirectly through a 401(k) plan and continues to hold 4,950 and 4,435 restricted stock units from the 2023 and 2022 grants.
Norfolk Southern Corporation director reports dividend-based deferred stock units
A director of Norfolk Southern Corporation recorded an automatic credit of 183.5689 deferred stock units on 12/31/2025 under the company’s Directors’ Deferred Fee Plan. The units were credited as a deemed reinvestment of dividends on existing deferred stock units, using the $288.72 closing market price of Norfolk Southern common stock on the dividend payment date. Following this transaction, the director beneficially holds 2,745.3039 deferred stock units in direct form. These deferred stock units are designed to be settled in cash, not in shares, upon the director’s retirement or at another time allowed under the plan.
Norfolk Southern Corp director reports deferred stock unit dividend credits. A company director filed to report 232.0587 deferred stock units credited on 12/31/2025 under the Norfolk Southern Corporation Directors' Deferred Fee Plan. The units were calculated using a closing market value of $288.72 per share on the dividend payment date and represent a deemed reinvestment of dividends on previously deferred stock units. After this transaction, the director beneficially holds 1,267.317 deferred stock units in this plan. These units will be settled in cash, not in common shares, upon the director's retirement or at another time elected under the plan.
Norfolk Southern Corp. director reports open-market stock purchase. A company director filed a Form 4 showing the purchase of 204 shares of Norfolk Southern common stock on 12/05/2025. The transaction was coded as a P transaction, indicating a regular purchase. The shares were acquired at a price of $294.7915 per share. Following this trade, the director now directly beneficially owns 405 shares of Norfolk Southern common stock.
Norfolk Southern Corporation (NSC) reported a routine insider compensation transaction for a director on a Form 4. On 11/20/2025, the director received 3.4255 restricted stock units under the Norfolk Southern Long-Term Incentive Plan. These units were credited as dividend equivalent payments based on the market value of the company’s common stock on the dividend payment date and will ultimately be settled in common stock. Following this transaction, the director beneficially owned 714.4613 restricted stock units in total.
Norfolk Southern Corporation (NSC) reported a routine insider equity award for a director on a Form 4. On 11/20/2025, the reporting person received 22.0911 restricted stock units under the Norfolk Southern Long-Term Incentive Plan. These units were credited as dividend equivalent payments based on the market value of Norfolk Southern common stock on the dividend payment date at $282.86 per share.
After this transaction, the reporting person beneficially owned 4,607.5447 restricted stock units, which will ultimately be settled in Norfolk Southern common stock. The filing indicates the reporting person is a director of the company and that the derivative securities are held directly.
Norfolk Southern Corp (NSC) director Mary Kathryn Heitkamp reported an automatic equity-related transaction. On 11/20/2025, she received 5.7009 restricted stock units (RSUs) under the Norfolk Southern Corporation Long-Term Incentive Plan. These RSUs were credited as dividend equivalent payments, based on the market value of Norfolk Southern common stock on the dividend payment date.
Each RSU represents a right to receive one share of Norfolk Southern common stock, so these units will ultimately be settled in common stock. Following this transaction, Heitkamp beneficially owned 1,189.0435 derivative securities in the form of RSUs, held directly.
Norfolk Southern Corporation (NSC) reported an insider equity award on a Form 4 for a company director. On 11/20/2025, the director received 5.7009 restricted stock units as dividend equivalent payments under the Norfolk Southern Corporation Long-Term Incentive Plan. These units were calculated based on the market value of Norfolk Southern common stock on the dividend payment date and will ultimately be settled in common stock.
Following this transaction, the director beneficially owned 1,189.0435 restricted stock units, held directly. The filing indicates it was made by one reporting person in the capacity of director, reflecting routine equity-based compensation rather than an open-market trade.
Norfolk Southern Corporation (NSC) reported a Form 4 transaction for a director, reflecting routine equity compensation activity rather than an open-market trade. On 11/20/2025, the director received 41.5347 restricted stock units under the company’s Long-Term Incentive Plan. These units were credited as dividend equivalent payments, based on the market value of Norfolk Southern common stock on the dividend payment date, and will ultimately be settled in common shares.
Each unit represents the right to receive one share of common stock in the future, so this filing shows incremental growth in the director’s equity-based interest aligned with shareholder dividends. Following this transaction, the director beneficially owned 8,662.9 derivative securities in the form of restricted stock units held directly.
Norfolk Southern Corporation (NSC) reported a routine insider equity award update for director Francesca A. DeBiase. On 11/20/2025, she was credited with 7.227 restricted stock units (RSUs) under the Norfolk Southern Long-Term Incentive Plan. These RSUs were granted as dividend equivalent payments, meaning they were calculated based on the market value of Norfolk Southern common stock on the dividend payment date.
Each RSU represents a right to receive one share of Norfolk Southern common stock in the future, so these units ultimately will be settled in shares rather than cash. Following this transaction, DeBiase beneficially owned 1,507.3321 RSUs directly. The filing reflects standard director compensation mechanics rather than an open-market purchase or sale.
Norfolk Southern Corp. (NSC) director reports automatic stock-based award activity. On 11/20/2025, the reporting person received 9.0001 restricted stock units under the Norfolk Southern Corporation Long-Term Incentive Plan. The units were credited as dividend equivalent payments on existing restricted stock units, based on the market value of Norfolk Southern common stock of $282.86 on the dividend payment date.
After this transaction, the reporting person beneficially owned 1,877.1633 restricted stock units, held in direct ownership. These restricted stock units are scheduled to be settled in shares of Norfolk Southern common stock in the future, aligning the director’s economic interest with shareholders over time.
Norfolk Southern Corporation (NSC) director transaction: A company director reported receiving 5.7009 restricted stock units on 11/20/2025 under the Norfolk Southern Corporation Long-Term Incentive Plan. These units were credited as dividend equivalent payments based on the market value of Norfolk Southern common stock on the dividend payment date, at a reference price of $282.86 per share.
Following this transaction, the director beneficially owns a total of 1,189.0435 derivative securities in the form of restricted stock units, held directly. The units will ultimately be settled in Norfolk Southern common stock, aligning the director’s interests with those of shareholders through equity-based compensation.
Norfolk Southern (NSC) director Form 4 shows routine equity-related awards tied to dividends. On 11/20/2025, the reporting director received 12.2824 deferred stock units under the Directors' Deferred Fee Plan, based on the closing market value of Norfolk Southern common stock on the dividend payment date. These deferred units will ultimately be settled in cash when the director retires or at another time allowed under the plan.
The director also received 22.0911 restricted stock units under the Long-Term Incentive Plan as dividend equivalents on existing restricted stock units, calculated using the market value of the common stock on the dividend payment date. These restricted stock units will ultimately be settled in common stock. Following these transactions, the director beneficially owns 2,561.735 deferred stock units and 4,607.5447 restricted stock units, all reported as directly owned.
Norfolk Southern Corporation (NSC) director Richard H. Anderson reported automatic equity-related credits tied to dividend payments. On 11/20/2025, his account received 4.6949 deferred stock units under the Directors' Deferred Fee Plan, based on the closing market value of Norfolk Southern common stock on the dividend payment date. These deferred stock units will ultimately be settled in cash upon retirement or another time allowed by the plan. He also received 6.669 restricted stock units under the Long-Term Incentive Plan as dividend equivalent payments, calculated from the market value of the common stock on the dividend date, and these units will ultimately be settled in common stock. Following these transactions, he directly beneficially owned 1,035.2583 deferred stock units and 1,390.9528 restricted stock units.
Norfolk Southern Corporation executive vice president and chief information and digital officer reported an open-market sale of common stock. On 11/19/2025, the officer sold 900 shares of Norfolk Southern common stock at a weighted average price of $281.6019 per share, with individual trade prices ranging from $281.55 to $281.61. After this transaction, the officer directly beneficially owns 1,413 shares of Norfolk Southern common stock.
Norfolk Southern (NSC) reported an insider stock purchase. A company director bought 1,650 shares of common stock on 11/05/2025, coded “P” for an open‑market purchase, at a price of $282.97 per share.
Following this transaction, the director’s beneficial ownership stands at 12,000 shares, held directly. The filing was submitted by an attorney-in-fact as indicated by the signature block.
Norfolk Southern (NSC) reported an insider purchase. Director Richard H. Anderson, through the Anderson Revocable Trust, bought 2,600 shares of common stock on 10/27/2025 at a price of $281.855 per share (transaction code P).
Following the transaction, the trust beneficially owned 7,000 shares, reported as indirect ownership.
Norfolk Southern Corporation (NSC) reported insider activity by its EVP & CFO, Jason A. Zampi. On 10/24/2025, he settled 150 restricted stock units into common stock (code M) and had 42 shares withheld (code F) at $282.50 per share to cover taxes.
Following these transactions, he directly owned 3,025 shares of common stock and held 3,945 RSUs as derivative securities. The RSUs were originally granted on 10/24/2024 under the company’s Long-Term Incentive Plan, and this distribution is described as the first of four installments.
Norfolk Southern (NSC) executive Anil Bhatt (EVP & CIDO) filed a Form 4 for transactions on 10/24/2025. Two restricted stock unit settlements converted into common stock: 3,259 shares and 220 shares (both at $0), reflecting distributions under the company’s Long-Term Incentive Plan tied to October 24, 2024 grants. To cover taxes, the filing shows share withholdings of 60 and 1,106 shares at $282.5 per share. Following these transactions, Bhatt directly owns 2,313 shares.