Form 4: Norfolk Southern Director Claude Mongeau Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Claude Mongeau reports acquisition of restricted stock units in Norfolk Southern Corporation through dividend equivalent payments.
Summary
- Claude Mongeau, a director of Norfolk Southern Corporation, reported a transaction involving restricted stock units.
- On August 20, 2024, Mongeau acquired 24.5984 restricted stock units through dividend equivalent payments under the Norfolk Southern Corporation Long-Term Incentive Plan.
- These units will be settled in common stock and were priced at $241.315.
- Following the reported transaction, Mongeau directly owns 4,421.6147 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It reflects standard practices in corporate governance and regulatory compliance.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of transaction: Acquisition of restricted stock units. |
| 08/22/2024 | Date of report signature. |
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