Form 4: Norfolk Southern EVP & CFO Jason Zampi Reports Stock Option Grant and RSU Vesting

EVP & CFO of Norfolk Southern, Jason Zampi, reports the grant of stock options and vesting of restricted stock units (RSUs) under the company's Long-Term Incentive Plan.

Summary

• On January 30, 2025, Jason Zampi, EVP & CFO of Norfolk Southern, reported transactions related to Norfolk Southern Corporation's stock.
• Zampi was granted 5,954 options to purchase common stock at a price of $257.26, exercisable from January 30, 2028, and expiring on January 29, 2035.
• He also received 2,021 Restricted Stock Units (RSUs) that will vest ratably in three annual installments beginning on the first anniversary of the grant date.
• Additionally, 252 Restricted Stock Units vested, resulting in the acquisition of 138 shares and the disposition of 39 and 70 shares to cover tax obligations.
• Following these transactions, Zampi directly owns 2,917 shares of Norfolk Southern common stock and 4,095 unvested Restricted Stock Units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices, indicating confidence in the executive and aligning their interests with shareholders.

Positives

• The grant of stock options and RSUs aligns Zampi's interests with those of the shareholders, incentivizing him to improve the company's performance.
• The vesting schedule of the RSUs encourages long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs and the exercisability and expiration of the stock options.

Industry Context

This filing is a routine disclosure of executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with shareholders.

Comparison to Industry Standards

• Stock option and RSU grants are standard components of executive compensation packages in the transportation and logistics industry.
• Companies like Union Pacific (UNP) and CSX Corporation (CSX) also utilize similar equity-based compensation plans to incentivize their executives.
• The specific number of options and RSUs granted, as well as the vesting schedules, are typically determined based on factors such as company performance, industry benchmarks, and individual contributions.

Stakeholder Impact

• Shareholders benefit from the alignment of executive interests with company performance.
• Employees may view the executive compensation package as a sign of the company's commitment to its leadership.

Key Dates