DeBiase Francesca A. 4

What Happened

• Francesca A. DeBiase, a director of Norfolk Southern Corporation (NSC), was credited with 9.154 restricted stock units (derivative award) on May 20, 2026. The units were priced at $315.38 each, totaling approximately $2,887. This was an award/acquisition (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: May 20, 2026 — 9.154 units at $315.38 each (total ~$2,887).
• Transaction type: Award/Grant (derivative restricted stock units credited as dividend equivalents).
• Shares owned after transaction: Not specified in the filing.
• Footnote: These units are dividend equivalent payments on RSUs under the Norfolk Southern Long‑Term Incentive Plan and will ultimately be settled in common stock (per footnote F1).
• Filing date: May 22, 2026 (filed within the typical two-business-day Form 4 window; not flagged as late).

Context

• These were dividend-equivalent RSUs credited to the director’s LTIP account and will be converted into common shares when settled. Such grants are routine director compensation and don’t by themselves indicate a buying or selling signal.