Form 4: Norfolk Southern Corp: Former CEO Alan H. Shaw Executes Stock Options and Sells Shares
SEC Form 4 Filing
Alan H. Shaw, former CEO and director of Norfolk Southern, exercised stock options and sold shares on September 13, 2024.
Summary
- On September 13, 2024, Alan H. Shaw, the former CEO and director of Norfolk Southern Corp, engaged in transactions involving the company's stock.
- Shaw exercised stock options to acquire a total of 51,325 shares of common stock at prices ranging from $70.32 to $241.18.
- Concurrently, Shaw sold 51,325 shares of common stock at a price of $255.9825 per share.
- Following these transactions, Shaw directly owns 35,045 shares of Norfolk Southern common stock.
- Shaw also indirectly owns 1,849.0512 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The exercise of options and sale of shares is a common practice.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. These transactions can provide insights into management's perspective on the company's valuation and future prospects, although they can also be driven by personal financial planning needs.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the overall trading volume of Norfolk Southern stock.
Key Dates
| Date | Description |
|---|---|
| 01/28/2020 | Date when some of the options granted in 2016 became exercisable. |
| 01/26/2021 | Date when some of the options granted in 2017 became exercisable. |
| 01/25/2022 | Date when some of the options granted in 2018 became exercisable. |
| 01/28/2023 | Date when some of the options granted in 2019 became exercisable. |
| 01/30/2024 | Date when some of the options granted in 2020 became exercisable. |
| 01/26/2024 | Date when some of the options granted in 2023 became exercisable. |
| 09/13/2024 | Date of the stock option exercise and share sale transactions. |
| 09/30/2024 | Date of the Form 4 filing. |
| 01/27/2026 | Expiration date for some of the options granted in 2016. |
| 01/25/2027 | Expiration date for some of the options granted in 2017. |
| 01/24/2028 | Expiration date for some of the options granted in 2018. |
| 01/27/2029 | Expiration date for some of the options granted in 2019. |
| 01/30/2030 | Expiration date for some of the options granted in 2020. |
| 01/24/2033 | Expiration date for some of the options granted in 2023. |
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