Form 4: Richard H. Anderson Increases Norfolk Southern Holdings

Director Richard H. Anderson acquired 233.4495 deferred stock units as part of the Norfolk Southern Corporation Directors' Deferred Fee Plan.

Summary

• Director Richard H. Anderson was credited with 233.4495 deferred stock units on March 31, 2026.
• The acquisition relates to the deferral of quarterly director fees.
• The units are valued at $287 per unit based on the closing market price.
• Following this transaction, the total number of deferred stock units held by the director is 1,506.4479.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Demonstrates continued alignment of director interests with company performance through equity-linked compensation.
• Reflects participation in the company's established Directors' Deferred Fee Plan.

Future Outlook

The units will be settled in cash upon the director's retirement or at another elected time under the plan terms.

Industry Context

StockSavvy.ai notes that director participation in deferred fee plans is a standard corporate governance practice in the transportation and logistics sector, signaling long-term commitment to the issuer.

Comparison to Industry Standards

• The use of deferred stock units for director compensation is consistent with standard practices among S&P 500 industrial companies.
• The mechanism of settling in cash rather than shares is a common feature in director compensation plans to manage dilution.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation deferral mechanism.

Next Steps

• No further action required; the units will remain in the director's account until retirement or elected distribution.

Key Dates

Keywords

Norfolk Southern, NSC, Form 4, Insider Trading, Director Compensation, Deferred Stock Units