Form 4: Norfolk Southern EVP Nabanita C. Nag Reports Sale of Common Stock

Nabanita C. Nag, EVP Corp Affairs, CLO & Corp Sec of Norfolk Southern, reports selling 355 shares of common stock at $249.38 on July 29, 2024.

Summary

• On July 29, 2024, Nabanita C. Nag, an Executive Vice President at Norfolk Southern Corporation, sold 355 shares of the company's common stock.
• The sale price was $249.38 per share.
• Following the transaction, Ms. Nag directly owns 1,488 shares of Norfolk Southern common stock.
• A power of attorney was executed on July 22, 2024, granting the Corporate Secretary and Assistant Corporate Secretary the authority to execute SEC filings on Ms. Nag's behalf.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting a standard transaction. There is no inherent positive or negative sentiment associated with the information disclosed.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like Union Pacific (UNP) and CSX Corporation (CSX) when they trade their company's stock.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates