Form 4: Norfolk Southern Director Acquires Equity Units

Norfolk Southern Director John C. Huffard Jr. acquired additional deferred stock units and restricted stock units through dividend reinvestment plans.

Summary

• John C. Huffard Jr., a Director of Norfolk Southern Corp (NSC), reported the acquisition of additional equity units.
• On November 20, 2025, Mr. Huffard acquired 12.2824 Deferred Stock Units at a market value of $280.22 per unit. These units are part of the Directors' Deferred Fee Plan and will be settled in cash upon retirement or election.
• On the same date, he also acquired 22.0911 Restricted Stock Units at a market value of $282.86 per unit. These units are part of the Long-Term Incentive Plan and will ultimately be satisfied in common stock.
• These acquisitions represent deemed reinvestments of dividends on existing units held under the respective plans.
• Following these transactions, Mr. Huffard beneficially owns 2,561.735 Deferred Stock Units and 4,607.5447 Restricted Stock Units directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving dividend reinvestment into equity units, which is a neutral event in terms of immediate sentiment. It reflects ongoing participation in compensation plans rather than a discretionary purchase or sale based on new information.

Positives

• The director's continued participation in dividend reinvestment plans indicates ongoing alignment with shareholder interests and confidence in the company's long-term prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction reporting dividend reinvestment by a director, which is a common practice in corporate compensation plans. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction is a routine dividend reinvestment, indicating continued alignment of director interests with shareholders through equity-based compensation.

Key Dates

Keywords

Norfolk Southern, NSC, Form 4, Insider Transaction, Director, Stock Units, Dividend Reinvestment, Equity Compensation