Form 4: Norfolk Southern Director Thomas Kelleher Awarded 700 Restricted Stock Units

Director Thomas Kelleher of Norfolk Southern Corp. received 700 restricted stock units on January 30, 2025, which will vest in one year.

Summary

• Thomas Kelleher, a director at Norfolk Southern Corp., was granted 700 restricted stock units on January 30, 2025.
• These units are part of the Norfolk Southern Corporation Long-Term Incentive Plan.
• Each unit is equivalent to one share of common stock.
• The restricted stock units will vest in full on the first anniversary of the grant date, which is January 30, 2026.
• Upon vesting, the units will be settled in Norfolk Southern Corporation common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally positive for aligning director interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting period of one year encourages continued service and commitment from the director.

Future Outlook

The restricted stock units will vest in one year, which is January 30, 2026, and will be settled in Norfolk Southern Corporation common stock.

Industry Context

The granting of restricted stock units is a common practice for compensating directors and aligning their interests with shareholders in publicly traded companies.

Comparison to Industry Standards

• Many companies in the transportation and logistics sector use restricted stock units as part of their long-term incentive plans for directors.
• The vesting period of one year is fairly standard for these types of grants.
• Companies like Union Pacific and CSX also use similar equity-based compensation methods for their directors.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning director interests with company performance.
• The director is incentivized to contribute to the long-term success of the company.

Next Steps

• The restricted stock units will vest on January 30, 2026.
• The director will receive Norfolk Southern Corporation common stock upon vesting.

Key Dates

Keywords

Restricted Stock Units, Director Compensation, Long-Term Incentive Plan, Norfolk Southern Corp, Stock Grant, Equity Compensation, Thomas Kelleher