ANDERSON RICHARD H 4
4 · NORFOLK SOUTHERN CORP · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Norfolk Southern (NSC) Director Richard H. Anderson Receives Award
What Happened
Richard H. Anderson, a director of Norfolk Southern Corporation (NSC), was credited with two derivative awards on 2026-05-20: 6.522 deferred stock units at $311.84 each (valued at $2,034) and 10.141 restricted stock unit dividend equivalents at $315.38 each (valued at $3,198). Both items are reported as grant/award acquisitions (transaction code A) and are compensation-related credits, not open-market purchases or sales.
Key Details
- Transaction date: 2026-05-20. Filing date: 2026-05-22 (timely filing).
- Awards reported:
- 6.522 units @ $311.84 = $2,034 (footnote F1: deferred stock units — deemed dividend reinvestment; cash-settled upon retirement or election).
- 10.141 units @ $315.38 = $3,198 (footnote F2: restricted stock unit dividend equivalents — will be settled in common stock).
- Combined reported value ≈ $5,232.
- Shares owned after the transaction: not disclosed in the Form 4 provided.
- Transaction code: A = Award/Grant (derivative units). No indication of a 10b5-1 plan or tax-withholding sale in this filing.
Context
These credits reflect routine director compensation (deferred fees and dividend-equivalent credits on RSUs). Deferred stock units under F1 are paid in cash when vesting/retired; F2 units convert to common stock when settled. Because these are awards rather than purchases or sales, they should be viewed as compensation events rather than a direct bullish or bearish insider signal.
Insider Transaction Report
- Award
Deferred Stock Units - Dir. Def. Fee Plan
[F1]2026-05-20$311.84/sh+6.522$2,034→ 1,512.97 total→ Common Stock (6.522 underlying) - Award
Restricted Stock Units
[F2]2026-05-20$315.38/sh+10.141$3,198→ 2,379.181 total→ Common Stock (10.141 underlying)
Footnotes (2)
- [F1]Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. 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.
- [F2]Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.