Form 4: Norfolk Southern Director Claude Mongeau Receives Restricted Stock Units

Director Claude Mongeau of Norfolk Southern Corporation was granted 1,089 restricted stock units on January 30, 2025, which will vest in full on the first anniversary of the grant date.

Summary

• Claude Mongeau, a director at Norfolk Southern Corporation, received 1,089 restricted stock units on January 30, 2025.
• These units were granted under the Norfolk Southern Corporation Long-Term Incentive Plan.
• Each restricted stock unit is equivalent to one share of Norfolk Southern common stock.
• The units will vest in full on January 30, 2026, the first anniversary of the grant date.
• Upon vesting, the units will be settled in Norfolk Southern Corporation common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting period encourages long-term commitment from the director.

Future Outlook

The restricted stock units will vest on January 30, 2026, and be settled in Norfolk Southern Corporation common stock.

Industry Context

The granting of restricted stock units is a common practice for compensating directors and aligning their interests with shareholders in publicly traded companies.

Comparison to Industry Standards

• Many companies in the transportation and logistics sector use restricted stock units as part of their long-term incentive plans for directors.
• The vesting period of one year is fairly standard for these types of grants.
• Companies like Union Pacific (UNP) and CSX Corporation (CSX) also utilize similar equity-based compensation strategies for their board members.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning director interests with long-term company performance.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Restricted Stock Units, Director Compensation, Long-Term Incentive Plan, Stock Grant, Norfolk Southern, NSC, Claude Mongeau