Norfolk Southern Corp Chief Operating Officer Brian Barr filed a Form 4 on October 26, 2026, reporting the second-installment settlement of restricted stock units originally granted on October 24, 2024, with transactions dated October 24, 2026.

Key Highlights

  • RSU settlement: 653 restricted stock units converted to common stock on October 24, 2026, representing the second of three installments under the Norfolk Southern Long-Term Incentive Plan.
  • Tax withholding disposition: 117 shares were disposed of at $332.09 per share to cover tax obligations on the same date.
  • Resulting direct ownership: Following the transactions, Barr directly held 1,354 shares of common stock.
  • Remaining RSUs: Barr held 3,751 restricted stock units following the reported transactions.
  • Grant origin: The RSUs were credited to Barr's account on October 24, 2024, with each unit described as the economic equivalent of one share of common stock.
  • Filing authority: The form was signed by J. Jeremy Ballard via power of attorney on behalf of Brian Barr.

Norfolk Southern COO Barr Receives Second RSU Settlement of Three

According to the Form 4 filed with the SEC, Brian Barr, Chief Operating Officer of Norfolk Southern Corp (NYSE:NSC), reported two transactions in common stock on October 24, 2026. The first was an acquisition of 653 shares via transaction code "M," reflecting the conversion of restricted stock units to common stock at a price of $0.0000. The filing notes this is "the second settlement of three installments" of RSUs originally granted and credited to Barr's account on October 24, 2024, under the Norfolk Southern Corporation Long-Term Incentive Plan.

Simultaneously, the filing reports a disposition of 117 shares under transaction code "F" at a price of $332.09 per share. This type of transaction typically represents shares withheld for tax purposes, as stated by the filing in connection with the settlement. Following both transactions, Barr directly held 1,354 shares of common stock. Prior to the settlement, his direct holdings stood at 1,471 shares, as indicated in Table I of the filing.

In Table II, the filing reports that Barr held 3,751 restricted stock units following the transaction, down from a pre-transaction figure implied by the 653 units settled. The filing states that each unit "is the economic equivalent of one share of Common Stock" and that these units "ultimately will be settled in Common Stock." The RSUs are described as exempt under Section 16(b) of the Securities Exchange Act of 1934. The form was filed on October 26, 2026, and signed by J. Jeremy Ballard via power of attorney for Brian Barr.

What Was Disclosed

The filing discloses the second of three RSU settlement installments for Norfolk Southern COO Brian Barr, covering 653 units converted to common stock and 117 shares disposed of at $332.09, leaving him with 1,354 shares of common stock and 3,751 remaining RSUs held directly.