Form 4: Norfolk Southern EVP Sells 900 Shares

Norfolk Southern's EVP & CIDO, Anil Bhatt, sold 900 shares of common stock for approximately $281.60 per share under a pre-arranged trading plan.

Summary

• Anil Bhatt, Executive Vice President & Chief Innovation and Data Officer (EVP & CIDO) of Norfolk Southern Corp (NSC), reported a sale of company common stock.
• The transaction involved the disposition of 900 shares of common stock.
• The shares were sold on November 19, 2025, at a weighted average price of $281.6019 per share.
• The sales occurred in multiple transactions within a price range of $281.55 to $281.61.
• Following this transaction, Mr. Bhatt directly beneficially owns 1,413 shares of Norfolk Southern common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The transaction is a routine insider sale under a 10b5-1 plan, which is generally neutral. While a sale reduces insider ownership, the pre-planned nature mitigates negative sentiment.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction rather than an immediate reaction to new, non-public information.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the executive's direct ownership in the company.

Future Outlook

NA

Industry Context

This insider transaction is specific to an individual executive's financial planning and does not directly reflect broader industry trends or competitive dynamics within the railroad and transportation sector.

Related Party Transactions

• The sale of 900 shares of Norfolk Southern common stock by EVP & CIDO Anil Bhatt is considered a related party transaction as it involves an executive of the company.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, which could be interpreted neutrally given the 10b5-1 plan, or slightly negatively by some who prefer increasing insider stakes.

Key Dates

Recommendation

The reported insider sale by EVP & CIDO Anil Bhatt is a routine transaction executed under a Rule 10b5-1 plan. This indicates a pre-scheduled sale for personal financial management rather than a reaction to new material information. The volume of shares sold (900) is relatively small for a company of Norfolk Southern's size and is unlikely to signal a significant change in company prospects or warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while monitoring broader company performance and industry trends.

Keywords

Norfolk Southern, NSC, Anil Bhatt, Insider Trading, Stock Sale, Form 4, Executive Compensation, Railroad, Transportation