Form 4: Norfolk Southern Director Sameh Fahmy Reports Acquisition of Restricted Stock Units

Director Sameh Fahmy reports acquisition of restricted stock units in Norfolk Southern Corporation's Long-Term Incentive Plan due to dividend equivalent payments.

Summary

• On May 20, 2025, Sameh Fahmy, a director of Norfolk Southern Corporation, acquired restricted stock units (RSUs) through the company's Long-Term Incentive Plan.
• The acquisition is a result of dividend equivalent payments on previously held RSUs.
• A total of 6.4822 restricted stock units were credited to Fahmy's account.
• These units will be settled in common stock.
• The price of the underlying common stock on the dividend payment date was $243.94.
• Following the reported transaction, Fahmy directly owns 1,177.7999 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing compensation plan. The sentiment is neutral to slightly positive as it reflects standard corporate governance practices.

Industry Context

This filing reflects routine compensation practices for directors at publicly traded companies, where equity-based compensation is common to align director interests with shareholder value.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the transportation and logistics industry.
• Companies like Union Pacific (UNP) and CSX Corporation (CSX) also utilize restricted stock units and other equity-based awards as part of their director compensation packages.
• The specific amount and terms of these awards vary based on company size, performance, and individual director contributions.

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.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Norfolk Southern, Director, Sameh Fahmy, Restricted Stock Units, Long-Term Incentive Plan, Dividend Equivalent Payments, Beneficial Ownership, Form 4, NSC