Form 4: Norfolk Southern Director Lamphere Acquires Restricted Stock Units

Director Gilbert H. Lamphere acquired 460 Restricted Stock Units of Norfolk Southern Corporation on July 29, 2024, under the company's Long-Term Incentive Plan.

Summary

• On July 29, 2024, Gilbert H. Lamphere, a director of Norfolk Southern Corporation, was granted 460 Restricted Stock Units (RSUs) under the company's Long-Term Incentive Plan.
• Each RSU represents the economic equivalent of one share of Norfolk Southern Common Stock.
• The RSUs will vest in full on the first anniversary of the grant date and will be settled in Norfolk Southern Corporation Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral event with a slightly positive implication for long-term commitment.

Positives

• The grant of Restricted Stock Units aligns the director's interests with those of the shareholders, incentivizing long-term value creation.
• The vesting schedule encourages continued service and commitment to the company's success.

Future Outlook

The Restricted Stock Units will vest in full on the first anniversary of the grant date, at which point they will be settled in Norfolk Southern Corporation Common Stock.

Industry Context

This type of equity compensation is common for directors of publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice among publicly traded companies, including competitors in the transportation and logistics sector.
• Companies like Union Pacific (UNP) and CSX Corporation (CSX) also utilize similar long-term incentive plans to reward and retain their directors and key executives.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of shareholders, potentially leading to decisions that enhance shareholder value.

Key Dates