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.