Duncan Paul B 4
4 · NORFOLK SOUTHERN CORP · Filed May 2, 2023
Insider Transaction Report
Form 4
Duncan Paul B
EVP & Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2023-04-28+1,505→ 1,509 total - Exercise/Conversion
Common Stock
2023-04-28+187→ 1,696 total - Tax Payment
Common Stock
2023-04-28$202.62/sh−52$10,536→ 1,644 total - Tax Payment
Common Stock
2023-04-28$202.62/sh−418$84,695→ 1,226 total - Exercise/Conversion
Restricted Stock Units
2023-04-28−187→ 6,283 total→ Common Stock (187 underlying) - Exercise/Conversion
Restricted Stock Units
2023-04-28−1,505→ 4,778 total→ Common Stock (1,505 underlying)
Footnotes (2)
- [F1]Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, 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 two annual installments beginning on the first anniversary of the grant date. This distribution represents the first of two installments.
- [F2]Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, 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 first of four installments.