Form 4: Sameh Fahmy, Norfolk Southern Corp Director, Reports Acquisition of Restricted Stock Units

Director Sameh Fahmy reports acquisition of restricted stock units in Norfolk Southern Corporation through dividend equivalent payments.

Summary

• On August 20, 2024, Sameh Fahmy, a director of Norfolk Southern Corp, acquired restricted stock units (RSUs) through the Norfolk Southern Corporation Long-Term Incentive Plan.
• These RSUs represent dividend equivalent payments on previously held RSUs.
• A total of 2.5734 restricted stock units were credited to Fahmy's account.
• The price of the underlying common stock on the dividend payment date was $241.315.
• Following this transaction, Fahmy directly owns 462.5734 derivative securities.
• These units will ultimately be satisfied in common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company through dividend reinvestment, which is generally seen as a positive sign.

Positives

• The acquisition of restricted stock units through dividend equivalent payments indicates continued investment in the company by a director.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates