Form 4: Lori Ryerkerk Reports Acquisition of Restricted Stock Units in Norfolk Southern Corp
SEC Form 4
Director Lori Ryerkerk reports acquisition of restricted stock units in Norfolk Southern Corporation through dividend equivalent payments.
Summary
- Lori Ryerkerk, a director of Norfolk Southern Corp, reported a transaction on May 20, 2025.
- The transaction involved the acquisition of 3.895 restricted stock units (RSUs) through the Norfolk Southern Corporation Long-Term Incentive Plan.
- These RSUs were credited to the reporting person's account as dividend equivalent payments on existing RSUs.
- The price per share used to calculate the dividend equivalent was $243.94.
- Following the transaction, Ryerkerk directly owns 707.7054 derivative securities.
- These units will ultimately be satisfied in common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of transaction: Acquisition of restricted stock units. |
| 05/22/2025 | Date of report signature. |
Keywords
Norfolk Southern Corp, Lori Ryerkerk, restricted stock units, Form 4, dividend equivalents, Long-Term Incentive Plan, insider trading
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