NORFOLK SOUTHERN CORP: COO Brian Barr exercised 653 shares

What happened

• Brian Barr, chief operating officer, reported the exercise/conversion of derivatives for 653 shares on Oct 24, 2026.
• The filing shows an acquisition of 653 shares at $0.00 (value $0) and a disposition of 117 shares at $332.09 for $38,855 to cover taxes (payment code F). A separate derivative disposition of 653 shares is listed with price N/A.

Key details

• Transaction date(s): Oct 24, 2026.
• Prices and values: 653 shares acquired at $0.00 (value $0); 117 shares disposed at $332.09 for $38,855; 653-share derivative disposition listed as N/A.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (shares withheld).
• Shares owned after the transaction: not reported in the filing.
• Footnote F1: these are Restricted Stock Units granted and credited on Oct 24, 2024 under the long-term incentive plan; each unit equals one share and will be settled in common stock; this distribution is the second settlement of three installments.
• Filing: report period Oct 24, 2026; filing date Oct 26, 2026.

Why it may matter

• The filing shows a conversion/exercise of derivative units and that 117 shares were withheld to satisfy tax withholding (payment code F), rather than an open-market sale to cover taxes.
• This filing does not show why the insider traded or why the company acted.