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NORFOLK SOUTHERN CORP·4

Feb 3, 5:08 PM ET

Elkins Claude E 4

Research Summary

AI-generated summary

Updated

Norfolk Southern (NSC) EVP Claude Elkins Receives RSUs; Shares Withheld

What Happened

  • Claude E. Elkins, EVP & Chief Commercial Officer of Norfolk Southern (NSC), received stock from restricted‑stock‑unit (RSU) settlements and was granted new RSUs on January 30, 2026. He had 777 and 527 RSUs converted into common shares (acquired at $0), and a new grant of 4,149 RSUs was reported. To satisfy tax withholding, 144 and 212 shares were withheld/disposed at $289.24 per share (total withheld = 356 shares; total value ≈ $102,968).
  • These transactions are compensation-related (RSU distributions and a new RSU award), not open‑market purchases or voluntary sales.

Key Details

  • Transaction date: January 30, 2026; filing date: February 3, 2026 (filed within the typical 2‑business‑day Form 4 window).
  • Prices recorded: RSU settlements reported at $0.00 (acquisition accounting); tax withholding shares disposed at $289.24 per share.
  • Withheld for taxes: 144 shares ($41,650) and 212 shares ($61,318) — 356 shares total; combined withholding ≈ $102,968.
  • New grant: 4,149 RSUs (reported as derivative award) under the Norfolk Southern Long‑Term Incentive Plan.
  • Shares owned after transaction: not stated in the provided extract.
  • Footnotes of note:
    • F1/F2: The 777 and 527 share conversions are distributions from prior RSU grants (2025 and 2024 grants, vesting schedules noted).
    • F4: The 4,149 units are a 2026 RSU grant that vests ratably (three annual installments).
    • F3: Plan/401(k) account holdings referenced by the filer’s plan accounting (informational).

Context

  • These are routine compensation events: RSU settlements and a new RSU award. The withheld shares reflect tax withholding (a common administrative withholding/cashless exercise), not a discretionary open‑market sale that would more strongly signal a change in insider sentiment.
  • For retail investors: RSU receipts show continued executive compensation alignment with company performance, but they are standard payroll/benefit transactions and should be weighed with other insider activity and company fundamentals.