Form 4: Claude Mongeau Reports Acquisition of Restricted Stock Units in Norfolk Southern Corp

Director Claude Mongeau reports the acquisition of restricted stock units in Norfolk Southern Corporation through a dividend equivalent payment.

Summary

• Claude Mongeau, a director of Norfolk Southern Corporation, filed a Form 4 to report changes in beneficial ownership.
• On February 20, 2025, Mongeau acquired 30.1217 restricted stock units (RSUs) in the Norfolk Southern Corporation Long-Term Incentive Plan.
• These RSUs were credited to Mongeau's account as dividend equivalent payments on existing RSUs held under the plan.
• The RSUs will be settled in common stock.
• The price of the stock at the time of the transaction was $248.005.
• Following the transaction, Mongeau directly owns 5,563.7045 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership, with neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects changes in executive compensation and ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Norfolk Southern Corp, NSC, Claude Mongeau, Director, Long-Term Incentive Plan, Dividend Equivalent Payments