Form 4: Director Heitkamp Increases Holdings in Norfolk Southern Corp (NSC) Through Dividend Equivalent Payments

Mary Kathryn Heitkamp, a director of Norfolk Southern Corp, reports an increase in her holdings due to dividend equivalent payments on restricted stock units.

Summary

• On February 20, 2025, Mary Kathryn Heitkamp, a director of Norfolk Southern Corp (NSC), acquired additional restricted stock units through the Norfolk Southern Corporation Long-Term Incentive Plan.
• These units represent dividend equivalent payments on restricted stock units already held under the plan.
• A total of 6.3415 restricted stock units were credited to her account at a price of $248.005 per unit.
• These units will ultimately be settled in common stock.
• Following the transaction, Heitkamp directly owns 1,171.3177 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a director increasing their stake in the company through standard compensation practices, which is generally a good sign.

Positives

• The acquisition of restricted stock units through dividend equivalent payments indicates a continued investment in the company by a director.

Future Outlook

The restricted stock units will ultimately be satisfied in common stock, indicating a future increase in Heitkamp's common stock holdings.

Industry Context

This filing reflects routine compensation practices within publicly traded companies, where directors often receive stock-based compensation and dividend equivalents to align their interests with those of shareholders.

Stakeholder Impact

• The increased holdings of a director can be viewed positively by shareholders, as it aligns management's interests with theirs.

Key Dates

Keywords

Norfolk Southern Corp, Director, Heitkamp, Restricted Stock Units, Dividend Equivalent Payments, Form 4, NSC, Long-Term Incentive Plan