Form 4: Norfolk Southern Director Phillip S. Davidson Reports Acquisition of Restricted Stock Units

Director Phillip S. Davidson reports acquisition of restricted stock units in Norfolk Southern Corporation through dividend equivalent payments.

Summary

• Phillip S. Davidson, a director of Norfolk Southern Corporation, reported a transaction on February 20, 2025.
• The transaction involved the acquisition of 10.0114 restricted stock units through dividend equivalent payments under the Norfolk Southern Corporation Long-Term Incentive Plan.
• These restricted stock units will be settled in common stock.
• The price per unit was $248.005.
• Following the transaction, Davidson directly owns 1,849.1793 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reports a standard transaction related to executive compensation. It's a routine filing and doesn't indicate any significant positive or negative developments.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It reflects ongoing participation in the company's long-term incentive plan.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects changes in insider ownership.

Key Dates

Keywords

Norfolk Southern, Director, Phillip S. Davidson, Restricted Stock Units, Dividend Equivalent Payments, Long-Term Incentive Plan, Common Stock, NSC, Form 4