ANDERSON RICHARD H 4

What Happened Richard H. Anderson, a director of Norfolk Southern Corporation (NSC), received an award of 968 restricted stock units (RSUs) on January 30, 2026 under the company's Long-Term Incentive Plan. The grant is reported as a derivative acquisition (code A); no price per share or cash value is listed. The RSUs are the economic equivalent of one share each and will be settled in common stock, vesting in full on the first anniversary of the grant date.

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-03 (timely filing).
• Transaction type/code: Award/Grant (A); derivative security (RSUs).
• Quantity: 968 Restricted Stock Units; price: N/A (no cash cost reported).
• Vesting/settlement: RSUs vest in full on the first anniversary and will be settled in Norfolk Southern common stock.
• Footnote: Filing states these RSUs are exempt under Section 16(b).
• Shares owned after transaction: Not specified in this filing.

Context Restricted stock units are a common form of executive and director compensation and represent a future right to receive shares if vesting conditions are met; they are not an immediate purchase or sale of stock. The Section 16(b) exemption noted means these grant units are treated as exempt from short-swing profit recovery under that rule. This award is routine compensation for a director and does not by itself indicate a buy/sell decision by the insider.