Form 4: Norfolk Southern Director Acquires Deferred Stock Units Through Fee Deferral Plan

Director John C. Huffard, Jr. acquired deferred stock units in Norfolk Southern Corp through the company's Directors' Deferred Fee Plan.

Summary

• On March 31, 2024, John C. Huffard, Jr., a director of Norfolk Southern Corp, acquired 188.3313 deferred stock units through the Norfolk Southern Corporation Directors' Deferred Fee Plan.
• These units were credited to his account as part of the deferral of quarterly fees.
• The price per unit was $254.87, based on the closing market value of Norfolk Southern's common stock on the last trading day of the quarter.
• Following this transaction, Huffard directly owns 1,283.6257 deferred stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to director compensation, indicating a neutral sentiment.

Future Outlook

The deferred stock units will be settled in cash upon the director's retirement or at a time elected under the plan's terms.

Industry Context

This filing reflects standard compensation practices for directors of publicly traded companies, where deferred stock units are used as a means of aligning director compensation with the long-term performance of the company.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to director compensation and alignment with company performance.

Key Dates