Form 4: Norfolk Southern CEO Alan H. Shaw Reports Changes in Beneficial Ownership

Norfolk Southern's CEO, Alan H. Shaw, reported a disposition of 457 shares of common stock and an acquisition of 1,884.3558 shares through the company's 401(k) plan.

Summary

• Alan H. Shaw, the President & CEO of Norfolk Southern Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On June 11, 2024, Shaw disposed of 457 shares of Common Stock.
• The disposition was marked with transaction code 'G' and a price of $0.0000.
• On the same date, Shaw acquired 1,884.3558 shares of Common Stock indirectly through the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a 401(k) plan.
• Following these transactions, Shaw directly owns 35,045 shares of Common Stock.
• Shaw also indirectly owns 1,884.3558 shares through the 401(k) plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reflects changes in the CEO's stock ownership.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States.
• Similar filings are made by executives at companies like Union Pacific (UNP) and CSX Corporation (CSX) when they have transactions involving their company's stock.
• These filings ensure transparency and help maintain fair market practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stake in the company.
• It assures stakeholders that the CEO is subject to the same regulations and reporting requirements as other insiders.

Key Dates