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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.