Norfolk Southern (NSC) Director Francesca DeBiase Receives Award

What Happened
Francesca A. DeBiase, a director of Norfolk Southern Corporation (NSC), was credited with 8.333 restricted stock units (derivative award) on 2026-08-20. The award is valued at $347.90 per share, totaling approximately $2,899. This was an award/issuance (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-20; Form 4 filed 2026-08-24 (filed 4 days after the transaction).
• Instrument and amount: 8.333 restricted stock units (derivative), $347.90 per share implied value, total ≈ $2,899.
• Shares owned after transaction: not disclosed on the Form 4.
• Footnote: These units are dividend-equivalent payments credited under Norfolk Southern’s Long-Term Incentive Plan and will ultimately be satisfied in common stock.
• Filing timeliness: The filing date is after the transaction date; verify whether this met the SEC’s 2-business-day Form 4 deadline.

Context
These were dividend-equivalent restricted stock units credited to a director’s LTIP account — a routine compensation event rather than a market buy or sell. Such small, plan-driven awards are common and do not by themselves indicate a change in the insider’s view of the company’s stock.