ANDERSON RICHARD H 4
4 · NORFOLK SOUTHERN CORP · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Norfolk Southern (NSC) Director Richard H. Anderson Receives Award ($67K)
What Happened
Richard H. Anderson, a director of Norfolk Southern Corporation (NSC), was credited with 233.45 deferred stock units on 2026-03-31 as an award/acquisition under the company’s directors’ deferred fee plan. The units were recorded at $287.00 each, representing a total economic value of approximately $67,000. This was an award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely).
- Award: 233.45 deferred stock units at $287.00 per unit = ~$67,000.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: The units are deferred stock units under the Norfolk Southern Directors' Deferred Fee Plan and are settled in cash (not common stock) upon the director’s retirement or at other elected times.
- Transaction type: Derivative award (deferred compensation), code A.
Context
Deferred stock units granted to directors are typically part of routine compensation (fee deferral) and will be paid in cash later rather than adding voting shares. Such awards are different from outright purchases (which can signal bullish insider sentiment) and from sales; they generally reflect company compensation practices rather than an immediate trading decision.
Insider Transaction Report
- Award
Deferred Stock Units - Dir. Def. Fee Plan
[F1]2026-03-31$287.00/sh+233.45$67,000→ 1,506.448 total→ Common Stock (233.45 underlying)
Footnotes (1)
- [F1]Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan for deferral of quarterly fees, calculated on the basis of the closing market value of the company's common stock on the last trading day of each quarter. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.