Form 4: Norfolk Southern EVP Paul B. Duncan Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Operating Officer of Norfolk Southern, Paul B. Duncan, reports the vesting and subsequent disposal of restricted stock units.
Summary
- Paul B. Duncan, EVP & Chief Operating Officer of Norfolk Southern Corp, reported transactions involving common stock and restricted stock units on March 2, 2024.
- 1,505 restricted stock units vested and were converted into common stock.
- 640 shares were disposed of at a price of $255.35 per share to cover tax obligations.
- Following these transactions, Duncan directly owns 2,621 shares of common stock and 4,897 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into executive compensation and ownership.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting and sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 04/28/2022 | Date of grant for the Restricted Stock Units under the Norfolk Southern Corporation Long-Term Incentive Plan. |
| 03/02/2024 | Date of transaction: vesting of restricted stock units and disposal of shares. |
| 03/04/2024 | Date of report submission. |
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