Form 4: Norfolk Southern Director Clyburn Jr. Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director William Clyburn Jr. reports acquiring restricted stock units in Norfolk Southern Corporation through a dividend equivalent payment.
Summary
- William Clyburn Jr., a director of Norfolk Southern Corporation, reported a transaction on August 20, 2024.
- The transaction involved the acquisition of 2.5734 restricted stock units (RSUs) due to dividend equivalent payments within the Norfolk Southern Corporation Long-Term Incentive Plan.
- These RSUs will be settled in common stock.
- The price per unit is $241.315.
- Following the transaction, Clyburn Jr. directly owns 462.5734 RSUs.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, indicating stability and adherence to established plans. It's a neutral event with a slightly positive undertone due to the ongoing investment in company leadership.
Future Outlook
The restricted stock units will ultimately be satisfied in common stock.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning his interests with those of shareholders.
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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