Norfolk Southern (NSC) Director Phillip S. Davidson Receives Award

What Happened
Phillip S. Davidson, a director of Norfolk Southern Corporation (NSC), was credited with 9.781 shares as a derivative award on August 20, 2026. The units were valued at $347.90 each, for a total reported value of $3,403. This was an award/acquisition (derivative) — not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-08-20, $347.90 per share for 9.781 units (total $3,403).
• Transaction type/code: A — award/acquisition (derivative restricted stock units / dividend equivalents).
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Filing: Form 4 filed 2026-08-24 (timely — within the two business days window for this report).
• Footnote: F1 states these are restricted stock units credited as dividend-equivalent payments on RSUs and will ultimately be settled in common stock.

Context
These units are compensation-related derivative awards (dividend equivalents on existing RSUs) and will be satisfied in common stock when paid; they do not reflect an open-market buy or sale. The value is relatively small ($3.4K), consistent with routine dividend-equivalent crediting rather than a directional insider trade.