Davidson Phillip S 4

What Happened

• Phillip S. Davidson, a director of Norfolk Southern Corporation (NSC), was credited with 10.744 restricted stock units (RSUs) on May 20, 2026. The units are recorded at $315.38 each, for a reported value of $3,388. This transaction is reported as an award/acquisition (derivative), not an open‑market purchase.

Key Details

• Transaction date and price: May 20, 2026 — 10.744 RSUs valued at $315.38 each (total $3,388).
• Transaction type: Award/Grant (derivative — RSU dividend equivalents).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: These units are dividend-equivalent RSUs credited under the Norfolk Southern Long-Term Incentive Plan and ultimately will be settled in common stock (per footnote F1).
• Filing timeliness: Form 4 was filed May 22, 2026, and appears to be filed on time (within the standard two business-day window).

Context

• These units represent compensation-related RSUs (dividend equivalents) and will be satisfied in shares later; they are not a cash purchase or sale and do not by themselves signal a buy or sell decision by the director. Such awards are routine parts of executive/director compensation.