Jones Christopher T 4
4 · NORFOLK SOUTHERN CORP · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Norfolk Southern (NSC) Director Christopher T. Jones Receives Award
What Happened
Christopher T. Jones, a director of Norfolk Southern Corporation (NSC), was credited with 22.481 restricted stock unit–equivalent shares on May 20, 2026. The units are recorded at a per-share value of $315.38, for a total reported value of approximately $7,090. This was an award/credit (transaction code A) of derivative units (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-05-20; filing date: 2026-05-22 (filed two days after the transaction, which appears timely for a Form 4).
- Shares/units credited: 22.481; price used for valuation: $315.38; total value: ~$7,090.
- Transaction type: Award/Grant (derivative units tied to restricted stock units).
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: These units are dividend equivalent payments on RSUs under Norfolk Southern’s Long-Term Incentive Plan and ultimately will be settled in common stock.
Context
This was a compensation-related credit of dividend-equivalent RSU units, a routine non-cash director award, not a purchase or sale that indicates immediate market action. Such derivative awards are typically settled in shares at a later date per plan terms.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-05-20$315.38/sh+22.481$7,090→ 5,274.387 total→ Common Stock (22.481 underlying)
Footnotes (1)
- [F1]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.