Form 4: Norfolk Southern Director Heitkamp Receives Dividend Equivalent Payments in Restricted Stock Units

Director Mary Kathryn Heitkamp received dividend equivalent payments in the form of restricted stock units under Norfolk Southern's Long-Term Incentive Plan.

Summary

• On May 20, 2025, Mary Kathryn Heitkamp, a director of Norfolk Southern Corp, received dividend equivalent payments in the form of 6.4822 restricted stock units (RSUs) under the company's Long-Term Incentive Plan.
• These RSUs are based on the market value of Norfolk Southern's common stock on the dividend payment date and will be settled in common stock.
• Following this transaction, Heitkamp directly owns 1,177.7999 shares.
• The price of the derivative security is $243.94.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, suggesting a neutral to slightly positive sentiment as it indicates continued investment in the company by a director.

Positives

• The receipt of dividend equivalent payments in RSUs indicates continued investment and alignment of interests between the director and the company's performance.

Future Outlook

The restricted stock units will ultimately be satisfied in common stock, indicating a future increase in Heitkamp's direct ownership.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It reflects standard compensation practices using equity-based incentives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Norfolk Southern, Director, Heitkamp, Restricted Stock Units, Dividend Equivalent, Long-Term Incentive Plan, Beneficial Ownership, Form 4