NORFOLK SOUTHERN CORP — Director's Dealing 2021

Mar 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORFOLK SOUTHERN CORP (NSC)
CIK: 0000702165
Period of Report: 2021-03-09

Reporting Person: Squires James A (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-09	Common Stock	G	17.0000	$0.0000	Acquired	66650.0000	Direct
2021-03-09	Common Stock	G	16439.0000	$0.0000	Disposed	50211.0000	Direct
2021-03-09	Common Stock	G	16439.0000	$0.0000	Acquired	50231.0000	Indirect
2021-03-09	Common Stock	G	17.0000	$0.0000	Disposed	50214.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	161.2041	Indirect
Common Stock	21636.9230	Indirect
Common Stock	21636.9230	Indirect

Footnotes

F1: Represents the approximate number of whole shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of March 9, 2021, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusteed 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.

F2: Represents shares held by irrevocable trust for the benefit of the reporting person's child. The reporting person's spouse is the trustee of the trust. The reporting person has no pecuniary interest or investment control over these shares.