Norfolk Southern Director Richard Anderson Receives Quarterly Deferred Stock Units

Overview & Analysis

On October 2, 2026, Norfolk Southern Corp ($NSC) filed a Form 4 detailing an acquisition of derivative securities by Director Richard H. Anderson.

Key Details:

• Date of Transaction: September 30, 2026
• Security: Deferred Stock Units (under the Directors' Deferred Fee Plan)
• Transaction Code: 'A' (Grant, award, or other acquisition)
• Amount: 177.9935 units at an effective reference price of $309.00 per share, amounting to approximately $55,000.00.
• Holdings After Transaction: 1,949.0371 units.

Footnote Insight:

Footnote (1) specifies that these units represent the deferral of quarterly director fees credited based on the closing market value of Norfolk Southern's common stock on the last trading day of the quarter. These deferred units are settled in cash rather than shares upon the reporting person's retirement or termination of service.

Trading Significance:

This transaction carries Low trading significance. It is a scheduled, non-discretionary quarterly director compensation event under an established deferred compensation plan, rather than an open-market equity transaction driven by sentiment or non-public company insights.