Norfolk Southern Director John C. Huffard Jr. Receives Quarterly Deferred Stock Units

Norfolk Southern Corp ($NSC) Form 4 Analysis

Overview

On October 2, 2026, Norfolk Southern Corp director John C. Huffard, Jr. reported the acquisition of 171.5210 Deferred Stock Units under the Norfolk Southern Corporation Directors' Deferred Fee Plan.

Transaction Details

• Date of Transaction: September 30, 2026
• Nature of Transaction: Routine acquisition via fee deferral (Transaction Code A). The units correspond to the deferral of quarterly director fees, valued at the quarter-end closing price of $309.00 per share.
• Transaction Value: Approximately $53,000.00.
• Post-Transaction Holdings: 3,306.5849 Deferred Stock Units held directly.
• Settlement Terms: According to footnote disclosures, these deferred stock units are to be settled entirely in cash (not common stock) upon retirement or other elected distributions under the plan.

Significance Assessment

This filing represents a routine, scheduled compensation election under the company's director fee plan rather than an open-market purchase or sale. Because the transaction reflects quarterly board retainer deferrals rather than discretionary open-market sentiment, the trading significance is Low.