Davidson Phillip S 4

What Happened
Phillip S. Davidson, a director of Norfolk Southern Corporation (NSC), received a grant of 622 Restricted Stock Units (RSUs) on January 30, 2026 under the company's Long-Term Incentive Plan. The Form 4 reports the transaction as an award/grant (code A); no purchase price is shown because these are derivative awards (N/A). The RSUs are settled in Norfolk Southern common stock and vest in full on the first anniversary of the grant.

Key Details

• Transaction date: 2026-01-30 (Grant of 622 RSUs)
• Price: N/A (award/derivative unit)
• Shares owned after the transaction: not disclosed in this filing
• Footnote: The 622 units are Restricted Stock Units, each economically equivalent to one share, granted under the Norfolk Southern Long-Term Incentive Plan and exempt under Section 16(b); they vest in full one year after grant.
• Timeliness: Form filed 2026-02-03; filing falls within the standard two-business-day Form 4 reporting window for a 2026-01-30 transaction (timely).

Context
RSU grants are compensation awards, not open-market purchases or sales, and generally reflect the company’s compensation practices rather than an immediate trading signal. These units will convert to common shares only upon settlement after vesting (here, one year), and no immediate sale of shares is indicated.