Form 4: Norfolk Southern Director Richard H. Anderson Reports Changes in Beneficial Ownership

Director Richard H. Anderson reports acquisition of deferred stock units in Norfolk Southern's Directors' Deferred Fee Plan.

Summary

• Richard H. Anderson, a director of Norfolk Southern Corp, filed a Form 4 on April 02, 2025, reporting changes in beneficial ownership.
• The report details the acquisition of deferred stock units under the Norfolk Southern Corporation Directors' Deferred Fee Plan on March 31, 2025.
• Anderson acquired 147.7729 deferred stock units at a price of $236.85, bringing the total to 605.7389 units.
• These units will be settled in cash upon Anderson's retirement or termination of services.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. There are no indications of negative sentiment.

Future Outlook

The deferred stock units will be settled in cash upon the reporting person's retirement or other termination of services, or at such other time as may be elected under the terms of the Directors' Deferred Fee Plan.

Industry Context

This filing is a routine disclosure of a director's participation in a deferred compensation plan, which is a common practice among publicly traded companies to align the interests of directors with those of long-term shareholders.

Comparison to Industry Standards

• Deferred compensation plans for directors are a standard practice in publicly traded companies, including peers like Union Pacific (UNP) and CSX Corporation (CSX).
• The structure of Norfolk Southern's Directors' Deferred Fee Plan, with cash settlement upon retirement, is consistent with industry norms.
• The number of deferred stock units acquired is dependent on the director's compensation and the market value of the company's stock, making direct comparisons challenging without detailed compensation data.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• It reflects the company's ongoing commitment to compensating its directors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Deferred Stock Units, Director, Norfolk Southern, NSC, Richard H. Anderson