LAMPHERE GILBERT H 4
4 · NORFOLK SOUTHERN CORP · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Norfolk Southern (NSC) Director Gilbert Lamphere Receives Award
What Happened
Gilbert H. Lamphere, a director of Norfolk Southern Corporation (NSC), was credited with 2.674 restricted stock unit (RSU) dividend-equivalent shares on May 20, 2026. The filing shows a per-share market value of $315.38, giving a total reported value of $843. This was an award/credit to his RSU account (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-20; Form 4 filed: 2026-05-22.
- Transaction type: Award/Acquisition of derivative securities (RSU dividend equivalents).
- Amount: 2.674 shares × $315.38 = $843 (reported value).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: These units are dividend equivalent payments on RSUs and ultimately will be satisfied in common stock (see footnote F1).
- Filing timeliness: Filed within days of the transaction; no late-filing flag noted.
Context
This was a routine director compensation event (dividend equivalents credited to existing RSUs). Such derivative awards are settled in common stock later and do not represent a cash purchase or sale of shares by the director. The small dollar value ($843) suggests this was a proportionate dividend-equivalent credit rather than a material new grant.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-05-20$315.38/sh+2.674$843→ 627.334 total→ Common Stock (2.674 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.