Fahmy Sameh 4

What Happened

• Fahmy Sameh, a director of Norfolk Southern Corporation (NSC), was credited with 7.785 restricted stock units (RSUs) on 2026-05-20. The filing reports these as a derivative award (transaction code A) valued at $315.38 per share, for a total value of approximately $2,455.
• This was not an open-market buy or sale but an award: dividend-equivalent RSUs that ultimately will be settled in common stock rather than cash.

Key Details

• Transaction date and price: 2026-05-20; 7.785 RSUs @ $315.38 per share (total ≈ $2,455).
• Transaction type: A (grant/award/other acquisition) — reported as a derivative security.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The units are dividend equivalent payments credited under the Norfolk Southern Long-Term Incentive Plan and ultimately will be satisfied in common stock (see footnote F1).
• Filing date: 2026-05-22 for a 2026-05-20 transaction (filed two days after the transaction, within the typical Form 4 reporting window).

Context

• These dividend-equivalent RSUs are not a market purchase or sale and do not directly signal buying or selling intent; they reflect compensation/benefit credited under the company’s long-term incentive plan.
• Because the award will be satisfied in shares, it will increase potential future share issuance to the insider when settled.