Norfolk Southern (NSC) Director Richard Anderson Receives Awards

What Happened
Richard H. Anderson, a director of Norfolk Southern Corporation, received two equity awards on August 20, 2026: 6.871 deferred stock units (DSUs) credited at $346.62 each ($2,382) and 9.232 restricted stock units (RSUs) credited at $347.90 each ($3,212), for a total of 16.103 units valued at approximately $5,594. These were grants/awards (transaction code A), not open-market purchases or sales — typical director compensation rather than a trading signal.

Key Details

• Transaction date: 2026-08-20; Form 4 filed 2026-08-24 (timely within SEC two-business-day rule).
• Grants: 6.871 units @ $346.62 = $2,382 (derivative — F1); 9.232 units @ $347.90 = $3,212 (derivative — F2).
• Shares/units held after the transaction: not stated in the filing.
• Footnotes:
  • F1: DSUs are from the Directors' Deferred Fee Plan, represent dividend reinvestment on deferred units, and will be paid in cash (not shares) upon retirement or other elected payout timing.
  • F2: RSU dividend equivalents credited under the Long-Term Incentive Plan and will be settled in common stock.
• Transaction code: A = Grant/Award (derivative instruments).

Context
These awards reflect routine director compensation (deferred fees and dividend equivalents) rather than an outright purchase or sale of stock. The DSUs are cash-settled at payout, while the RSUs will be delivered as common stock when they vest/are paid per plan terms. No indication in the filing of a 10b5-1 plan, gift, tax-withholding sale, or late filing.