DeBiase Francesca A. 4

What Happened

• Francesca A. DeBiase, a director of Norfolk Southern Corporation (NSC), was granted 622 restricted stock units (RSUs) on January 30, 2026. The grant is reported as a derivative award (transaction code A); no purchase price is listed. The RSUs will be settled in Norfolk Southern common stock and vest in full on the first anniversary of the grant.

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 3, 2026 (timely — within required business days).
• Grant: 622 Restricted Stock Units (RSUs); price: N/A (award/derivative).
• Vesting/settlement: Units vest in full one year from grant and will be settled in NSC common stock.
• Footnote: The units are exempt under Section 16(b) and were granted under the Norfolk Southern Long‑Term Incentive Plan.
• Shares owned after transaction: not specified in this filing.

Context

• RSUs are a form of compensation: they represent a promise to deliver shares in the future (after vesting) and are different from open‑market buys or sells. Such awards are routine for directors and executives and don't by themselves indicate a buy/sell signal.