NSC

SEC source: 0001225208-22-009259 · doc4.xml · nonDerivative · entry 3

Squires James A · CIK 0001305086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 141,721

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.79 to $250.78, inclusive.

F1 · balance_after: Excludes 20,000 shares which remain held indirectly in a grantor retained annuity trust (GRAT), previously held directly.

SEC source: 0001225208-22-009259 · doc4.xml · nonDerivative · entry 2

Squires James A · CIK 0001305086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 148,016

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.85 to $250.88, inclusive. The reporting person undertakes to provide to Norfolk Southern Corporation, security holders of Norfolk Southern Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.

F1 · balance_after: Excludes 20,000 shares which remain held indirectly in a grantor retained annuity trust (GRAT), previously held directly.

SEC source: 0001225208-22-009259 · doc4.xml · nonDerivative · entry 1

Squires James A · CIK 0001305086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 148,148

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Excludes 20,000 shares which remain held indirectly in a grantor retained annuity trust (GRAT), previously held directly.

SEC source: 0001225208-22-009101 · doc4.xml · derivative · entry 4

Shaw Alan H. · CIK 0001643244 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,397

Underlying: Common Stock · 2,670 shares

Expires not disclosed

F3 · derivative.exercise_price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F3 · kind: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F3 · shares: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F3 · price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F3 · derivative.exercise_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F3 · derivative.expiration_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

SEC source: 0001225208-22-009101 · doc4.xml · derivative · entry 3

Shaw Alan H. · CIK 0001643244 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,200

Underlying: Common Stock · 5,200 shares

Expires 2032-07-27

F2 · price: Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan).

SEC source: 0001225208-22-009100 · doc4.xml · derivative · entry 3

Nag Nabanita C · CIK 0001915778 · EVP & Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,597

Underlying: Common Stock · 580 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · kind: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · shares: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · derivative.exercise_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · derivative.expiration_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on July 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

SEC source: 0001225208-22-009100 · doc4.xml · derivative · entry 2

Nag Nabanita C · CIK 0001915778 · EVP & Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 800

Underlying: Common Stock · 800 shares

Expires 2032-07-27

F1 · price: Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan).

SEC source: 0001225208-22-007579 · doc4.xml · nonDerivative · entry 1

Shaw Alan H. · CIK 0001643244 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,255

F1 · shares: Shares sold in accordance with 10b5-1 plan dated August 10, 2021.

SEC source: 0001225208-22-007360 · doc4.xml · derivative · entry 2

THOMPSON JOHN R · CIK 0001202532 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,740.2735

Underlying: Common Stock · 64.0487 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007359 · doc4.xml · derivative · entry 2

Scanlon Jennifer F. · CIK 0001426641 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,352.7978

Underlying: Common Stock · 23.7465 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007358 · doc4.xml · derivative · entry 2

MONGEAU CLAUDE · CIK 0001368278 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,484.2323

Underlying: Common Stock · 13.5526 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007357 · doc4.xml · derivative · entry 2

MILES AMY E · CIK 0001248617 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,122.3579

Underlying: Common Stock · 66.1331 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007355 · doc4.xml · derivative · entry 3

LEER STEVEN F · CIK 0001046086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79,371.1958

Underlying: Common Stock · 429.5153 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007355 · doc4.xml · derivative · entry 2

LEER STEVEN F · CIK 0001046086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,655.889

Underlying: Common Stock · 224.482 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · kind: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.exercise_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.expiration_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

SEC source: 0001225208-22-007356 · doc4.xml · derivative · entry 3

LOCKHART MICHAEL D · CIK 0001215151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,230.0121

Underlying: Common Stock · 154.0079 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007356 · doc4.xml · derivative · entry 2

LOCKHART MICHAEL D · CIK 0001215151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,870.7199

Underlying: Common Stock · 80.1377 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · kind: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.exercise_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.expiration_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

SEC source: 0001225208-22-007354 · doc4.xml · derivative · entry 2

KELLEHER THOMAS COLM · CIK 0001413097 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,266.0588

Underlying: Common Stock · 17.8179 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007354 · doc4.xml · derivative · entry 1

KELLEHER THOMAS COLM · CIK 0001413097 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,729.6424

Underlying: Common Stock · 9.321 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · kind: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.exercise_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.expiration_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

SEC source: 0001225208-22-007353 · doc4.xml · derivative · entry 1

Jones Christopher T · CIK 0001559104 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,127.4438

Underlying: Common Stock · 11.6062 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007352 · doc4.xml · derivative · entry 4

Huffard John C Jr · CIK 0001747299 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,127.4438

Underlying: Common Stock · 11.6062 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007352 · doc4.xml · derivative · entry 3

Huffard John C Jr · CIK 0001747299 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,052.317

Underlying: Common Stock · 5.6709 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · kind: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.exercise_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.expiration_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

SEC source: 0001225208-22-007351 · doc4.xml · derivative · entry 2

Donadio Marcela E · CIK 0001604594 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,881.7802

Underlying: Common Stock · 32.0878 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007350 · doc4.xml · derivative · entry 2

Daniels Mitchell E · CIK 0001595651 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,143.2149

Underlying: Common Stock · 28.0586 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007349 · doc4.xml · derivative · entry 2

BELL THOMAS D JR · CIK 0001250947 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,747.4831

Underlying: Common Stock · 120.6066 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-007114 · doc4.xml · derivative · entry 7

Squires James A · CIK 0001305086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 27,871 shares

Expires 2025-01-26

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · kind: Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).

F3 · shares: Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).

F3 · price: Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).

SEC source: 0001225208-22-007114 · doc4.xml · nonDerivative · entry 2

Squires James A · CIK 0001305086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,728

SEC source: 0001225208-22-007114 · doc4.xml · nonDerivative · entry 1

Squires James A · CIK 0001305086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 90,599

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001225208-22-006327 · doc4.xml · derivative · entry 3

Nag Nabanita C · CIK 0001915778 · SVP & Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,017

Underlying: Common Stock · 680 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · kind: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · shares: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · derivative.exercise_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · derivative.expiration_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

SEC source: 0001225208-22-006327 · doc4.xml · derivative · entry 2

Nag Nabanita C · CIK 0001915778 · SVP & Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 920

Underlying: Common Stock · 920 shares

Expires 2032-04-27

F1 · price: Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan).

SEC source: 0001225208-22-006325 · doc4.xml · derivative · entry 2

MILES AMY E · CIK 0001248617 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,056.2248

Underlying: Common Stock · 380 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, specified under the terms of an award agreement under the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units will be settled in Norfolk Southern Corporation Common Stock.

F1 · kind: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, specified under the terms of an award agreement under the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units will be settled in Norfolk Southern Corporation Common Stock.

F1 · shares: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, specified under the terms of an award agreement under the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units will be settled in Norfolk Southern Corporation Common Stock.

F1 · price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, specified under the terms of an award agreement under the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units will be settled in Norfolk Southern Corporation Common Stock.

F1 · derivative.exercise_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, specified under the terms of an award agreement under the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units will be settled in Norfolk Southern Corporation Common Stock.

F1 · derivative.expiration_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, specified under the terms of an award agreement under the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units will be settled in Norfolk Southern Corporation Common Stock.

SEC source: 0001225208-22-006326 · doc4.xml · derivative · entry 3

Moore Claiborne L · CIK 0001912029 · Vice President & Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,979

Underlying: Common Stock · 350 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · kind: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · shares: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · price: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · derivative.exercise_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

F2 · derivative.expiration_date: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on April 28, 2022, under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These Units ultimately will be settled in Common Stock, vesting ratably in four annual installments beginning on the first anniversary of the grant date.

SEC source: 0001225208-22-005226 · doc4.xml · nonDerivative · entry 1

Squires James A · CIK 0001305086 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 32,613

SEC source: 0001225208-22-004992 · doc4.xml · nonDerivative · entry 2

Squires James A · CIK 0001305086 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 41,613

SEC source: 0001225208-22-004992 · doc4.xml · nonDerivative · entry 1

Squires James A · CIK 0001305086 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,728

SEC source: 0001225208-22-005225 · doc4a.xml · nonDerivative · entry 1

Squires James A · CIK 0001305086 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,728

SEC source: 0001225208-22-004754 · doc4.xml · nonDerivative · entry 1

LEER STEVEN F · CIK 0001046086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,830

SEC source: 0001225208-22-003923 · doc4.xml · nonDerivative · entry 1

Shaw Alan H. · CIK 0001643244 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,255

F1 · shares: Shares sold in accordance with 10b5-1 plan dated August 10, 2021.

SEC source: 0001225208-22-003113 · doc4.xml · derivative · entry 2

THOMPSON JOHN R · CIK 0001202532 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,676.2248

Underlying: Common Stock · 52.772 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F3 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F2 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-003112 · doc4.xml · derivative · entry 3

LOCKHART MICHAEL D · CIK 0001215151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,076.0042

Underlying: Common Stock · 126.8926 shares

Expires not disclosed

F4 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F4 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F3 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F4 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F4 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-003112 · doc4.xml · derivative · entry 2

LOCKHART MICHAEL D · CIK 0001215151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,790.5822

Underlying: Common Stock · 67.5618 shares

Expires not disclosed

F2 · derivative.exercise_price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F2 · kind: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F3 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F2 · derivative.exercise_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F2 · derivative.expiration_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

SEC source: 0001225208-22-003110 · doc4.xml · derivative · entry 3

LEER STEVEN F · CIK 0001046086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 78,941.6805

Underlying: Common Stock · 353.893 shares

Expires not disclosed

F3 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F3 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F3 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F3 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-003110 · doc4.xml · derivative · entry 2

LEER STEVEN F · CIK 0001046086 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,431.407

Underlying: Common Stock · 189.2542 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · kind: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F1 · derivative.exercise_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.expiration_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

SEC source: 0001225208-22-003109 · doc4.xml · derivative · entry 2

KELLEHER THOMAS COLM · CIK 0001413097 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,248.2409

Underlying: Common Stock · 14.6808 shares

Expires not disclosed

F3 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F3 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F3 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F3 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-003109 · doc4.xml · derivative · entry 1

KELLEHER THOMAS COLM · CIK 0001413097 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,720.3214

Underlying: Common Stock · 7.8582 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of deferred stock units--on the basis of the market value of the Common Stock on the last trading day of each quarter--credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan for deferral of quarterly fees. These deferred stock units ultimately will be satisfied in cash, not in shares of Common Stock, upon the reporting person's retirement or other termination ofservices, or at such other time as may be elected under the terms of the Directors' Deferred Fee Plan.

F1 · kind: Reports the number of deferred stock units--on the basis of the market value of the Common Stock on the last trading day of each quarter--credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan for deferral of quarterly fees. These deferred stock units ultimately will be satisfied in cash, not in shares of Common Stock, upon the reporting person's retirement or other termination ofservices, or at such other time as may be elected under the terms of the Directors' Deferred Fee Plan.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F1 · derivative.exercise_date: Reports the number of deferred stock units--on the basis of the market value of the Common Stock on the last trading day of each quarter--credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan for deferral of quarterly fees. These deferred stock units ultimately will be satisfied in cash, not in shares of Common Stock, upon the reporting person's retirement or other termination ofservices, or at such other time as may be elected under the terms of the Directors' Deferred Fee Plan.

F1 · derivative.expiration_date: Reports the number of deferred stock units--on the basis of the market value of the Common Stock on the last trading day of each quarter--credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan for deferral of quarterly fees. These deferred stock units ultimately will be satisfied in cash, not in shares of Common Stock, upon the reporting person's retirement or other termination ofservices, or at such other time as may be elected under the terms of the Directors' Deferred Fee Plan.

SEC source: 0001225208-22-003036 · doc4.xml · derivative · entry 2

Scanlon Jennifer F. · CIK 0001426641 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,329.0513

Underlying: Common Stock · 19.5656 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-003108 · doc4.xml · derivative · entry 4

Huffard John C Jr · CIK 0001747299 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,115.8376

Underlying: Common Stock · 9.5628 shares

Expires not disclosed

F3 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F3 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F3 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F3 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-003108 · doc4.xml · derivative · entry 3

Huffard John C Jr · CIK 0001747299 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,046.6461

Underlying: Common Stock · 4.781 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · kind: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F1 · derivative.exercise_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

F1 · derivative.expiration_date: Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. These units ultimately will be satisfied in cash, not in shares of common stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the plan.

SEC source: 0001225208-22-003035 · doc4.xml · derivative · entry 2

MONGEAU CLAUDE · CIK 0001368278 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,470.6797

Underlying: Common Stock · 11.1665 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-003034 · doc4.xml · derivative · entry 2

MILES AMY E · CIK 0001248617 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,676.2248

Underlying: Common Stock · 52.772 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

SEC source: 0001225208-22-003033 · doc4.xml · derivative · entry 1

Jones Christopher T · CIK 0001559104 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,115.8376

Underlying: Common Stock · 9.5628 shares

Expires not disclosed

F1 · derivative.exercise_price: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · kind: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F2 · price: Represents the fair market value of Norfolk Southern Corporation common stock on February 18, 2022. The dividend payable date of February 21, 2022, was a federal holiday, in which markets were closed.

F1 · derivative.exercise_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.

F1 · derivative.expiration_date: Reports the number of restricted stock units credited to the reporting person's account in the Norfolk Southern Corporation Long-Term Incentive Plan in the form of dividend equivalent payments on restricted stock units held under the plan, calculated on the basis of the market value of the corporation's common stock on the dividend payment date. These units ultimately will be satisfied in common stock.