NORFOLK SOUTHERN CORP — Director's Dealing 2021

Feb 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORFOLK SOUTHERN CORP (NSC)
CIK: 0000702165
Period of Report: 2020-04-02

Reporting Person: Shaw Alan H. (EVP & Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-02	Common Stock	P	21.0000	$141.7286	Acquired	21.0000	Indirect
2020-04-03	Common Stock	P	26.0000	$142.3364	Acquired	47.0000	Indirect
2020-04-06	Common Stock	P	4.0000	$153.5703	Acquired	51.0000	Indirect
2020-06-02	Common Stock	P	7.0000	$183.4018	Acquired	58.0000	Indirect
2020-06-03	Common Stock	P	6.0000	$191.4582	Acquired	64.0000	Indirect
2020-06-04	Common Stock	P	6.0000	$191.8904	Acquired	70.0000	Indirect
2020-08-04	Common Stock	S	7.0000	$190.5053	Disposed	63.0000	Indirect
2020-09-02	Common Stock	S	12.0000	$214.6658	Disposed	51.0000	Indirect
2020-10-02	Common Stock	S	43.0000	$213.3910	Disposed	8.0000	Indirect
2020-10-05	Common Stock	S	8.0000	$215.4517	Disposed	0.0000	Indirect
2021-01-05	Common Stock	P	10.0000	$235.6632	Acquired	10.0000	Indirect
2021-01-06	Common Stock	P	8.0000	$241.1539	Acquired	18.0000	Indirect
2021-01-07	Common Stock	P	8.0000	$247.6647	Acquired	26.0000	Indirect
2021-01-08	Common Stock	P	17.0000	$255.1558	Acquired	43.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28639.0000	Direct
Common Stock	1752.7048	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 January 8, 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.