Form 4: Norfolk Southern Director Clyburn Jr. Receives Dividend Equivalent Payments in Restricted Stock Units

Director William Clyburn Jr. received dividend equivalent payments in the form of restricted stock units under Norfolk Southern's Long-Term Incentive Plan.

Summary

• William Clyburn Jr., a director of Norfolk Southern Corp, received restricted stock units (RSUs) as dividend equivalent payments.
• The transaction occurred on May 20, 2025.
• A total of 6.4822 RSUs were credited to Clyburn's account under the Norfolk Southern Corporation Long-Term Incentive Plan.
• These RSUs are equivalent to dividend payments on restricted stock units already held under the plan.
• The RSUs will ultimately be settled in common stock.
• Following the transaction, Clyburn directly owns 1,177.7999 derivative securities.
• The price of the derivative security is $243.94.

Sentiment

Score: 7

Explanation: The document reflects a neutral sentiment as it reports a standard transaction related to executive compensation. There are no indications of positive or negative events, just routine reporting.

Future Outlook

The restricted stock units will ultimately be satisfied in common stock at a future date.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the compensation and holdings of Norfolk Southern's directors.

Stakeholder Impact

• The transaction has a minor positive impact on the director's holdings, aligning their interests with shareholders.
• The impact on other stakeholders is negligible.

Key Dates

Keywords

Norfolk Southern, Director, Clyburn, Restricted Stock Units, Dividend Equivalent, Long-Term Incentive Plan, Form 4, NSC