A Form 4 filed on August 24, 2026 discloses that John C. Huffard Jr., a director of Norfolk Southern Corp, received dividend-reinvestment credits of deferred stock units and restricted stock units on August 20, 2026.

Key Highlights

  • Reporting person: John C. Huffard Jr., listed as a Director of Norfolk Southern Corp (NYSE:NSC).
  • Deferred stock units credited: 12.1629 units added to the Directors' Deferred Fee Plan account at a price of $346.62 per unit, bringing the total to 3,135.0639 units.
  • Restricted stock units credited: 20.4666 units added under the Long-Term Incentive Plan at a price of $347.905 per unit, bringing the total to 5,294.854 units.
  • Transaction type: Both transactions are coded "A" (acquired) and represent deemed dividend reinvestments, not open-market purchases.
  • Settlement difference: The deferred stock units will be settled in cash upon retirement or an elected date; the restricted stock units will be settled in common stock.
  • Filing date: Signed by J. Jeremy Ballard via power of attorney on August 24, 2026.

Dividend Reinvestment Credits Increase Huffard's Unit Holdings at Norfolk Southern

According to the filing, both transactions recorded on August 20, 2026 reflect dividend equivalent credits rather than market purchases. The 12.1629 deferred stock units were credited to Huffard's account under the Norfolk Southern Corporation Directors' Deferred Fee Plan, calculated on the basis of the closing market value of the company's common stock on the dividend payment date. The filing states 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."

Separately, 20.4666 restricted stock units were credited under the Norfolk Southern Corporation Long-Term Incentive Plan as dividend equivalent payments on restricted stock units already held. The filing notes these units are "calculated on the basis of the market value of the corporation's common stock on the dividend payment date" and "ultimately will be satisfied in common stock." Following these credits, Huffard's directly held restricted stock unit total stands at 5,294.854 units.

The form was filed by J. Jeremy Ballard acting under a power of attorney on behalf of Huffard. No shares of common stock were directly acquired or disposed of in Table I, and all reported activity appears in Table II as derivative securities transactions.

What Was Disclosed

The filing reports two dividend-reinvestment unit credits to Director John C. Huffard Jr.'s accounts at Norfolk Southern on August 20, 2026: 12.1629 deferred stock units (cash-settled) and 20.4666 restricted stock units (share-settled), with resulting totals of 3,135.0639 and 5,294.854 units, respectively.