Clyburn William Jr. 4

What Happened

• William Clyburn Jr., a director of Norfolk Southern Corporation (NSC), received an award of 622 restricted stock units (RSUs) on January 30, 2026. The grant is reported as a derivative award (transaction code A); no cash price is shown because these are equity awards rather than an open‑market trade.
• Each RSU equals the economic value of one share of NSC common stock and will be settled in Norfolk Southern common stock. The units vest in full on the first anniversary of the grant (Jan 30, 2027).

Key Details

• Transaction date: 2026-01-30 (filed with the SEC on 2026-02-03); transaction code: A (award/grant).
• Number of units granted: 622 RSUs; price: N/A (grant of units, not a cash purchase/sale).
• Vesting/settlement: Units vest in full one year from grant and will be settled in common stock (per footnote F1).
• Exemption/status: The RSUs are reported as exempt under Section 16(b) (per footnote F1), which typically excludes them from short‑swing profit liability.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing date (Feb 3, 2026) is within the standard two business‑day reporting window following the Jan 30, 2026 grant.

Context

• RSU grants are a form of compensation, not an open‑market purchase or sale; they do not necessarily signal immediate insider buying or selling intent. The award will convert to shares only upon vesting and settlement next year.