Form 4: Norfolk Southern Director Richard H. Anderson Reports Acquisition of Deferred and Restricted Stock Units

Director Richard H. Anderson reports acquisition of deferred and restricted stock units in Norfolk Southern Corporation through dividend reinvestments and long-term incentive plans.

Summary

• Richard H. Anderson, a director of Norfolk Southern Corporation, reported the acquisition of additional deferred stock units and restricted stock units.
• These acquisitions occurred on May 20, 2025.
• The deferred stock units were acquired through a deemed reinvestment of dividends within the Directors' Deferred Fee Plan, totaling 3.3503 units at a price of $244.08.
• The restricted stock units were acquired through dividend equivalent payments within the Long-Term Incentive Plan, totaling 6.4822 units at a price of $243.94.
• Following these transactions, Anderson directly owns 609.0892 deferred stock units and 1,177.7999 restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with the company's performance.

Positives

• The acquisition of stock units reflects continued participation in Norfolk Southern's compensation plans.
• Dividend reinvestments and long-term incentive plans can align director interests with shareholder value.

Future Outlook

The deferred stock units will be settled in cash upon the reporting person's retirement or at another elected time, while the restricted stock units will be settled in common stock.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock, reflecting their alignment with company performance.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock options, and restricted stock units to incentivize long-term value creation.
• Dividend reinvestment programs are a common feature in deferred compensation plans, allowing participants to accumulate additional units over time.
• Long-term incentive plans are widely used to reward executives and directors for achieving strategic goals and enhancing shareholder returns.

Stakeholder Impact

• The acquisition of stock units by a director can signal confidence in the company's future performance to shareholders.
• These transactions have minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Norfolk Southern, Director, Stock Units, Deferred Stock Units, Restricted Stock Units, Dividend Reinvestment, Long-Term Incentive Plan, Form 4