Norfolk Southern (NSC)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-13 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: NORFOLK SOUTHERN CORP (NSC) CIK: 0000702165 --- Reporting Owner --- Name: George Mark R CIK: 0001793198 Role: Director, Officer (President & CEO) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-09-13 | Code: M (Exercise of derivative) Shares: +2,653 | Price: $0.00 Shares Owned After: 23,818 | Ownership: D (Direct) Footnotes: [F1] Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on September 13, 2024, 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. This distribution represents the second settlement of three installments. [Transaction #2] Security: Common Stock Date: 2026-09-13 | Code: F (Payment of exercise/tax) Shares: -1,035 | Price: $323.30 Total Value: $334,615.50 Shares Owned After: 22,783 | Ownership: D (Direct) --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-09-13 | Code: M (Exercise of derivative) Shares: -2,653 Shares Owned After: 29,664 | Ownership: D (Direct) Footnotes: [F1] Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on September 13, 2024, 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. This distribution represents the second settlement of three installments. [F1] Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on September 13, 2024, 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. This distribution represents the second settlement of three installments. [F1] Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on September 13, 2024, 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. This distribution represents the second settlement of three installments. [F1] Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on September 13, 2024, 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. This distribution represents the second settlement of three installments. [F1] Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on September 13, 2024, 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. This distribution represents the second settlement of three installments. --- Footnotes (Complete Index) --- F1: Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on September 13, 2024, 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. This distribution represents the second settlement of three installments. --- Signature --- /s/ J. Jeremy Ballard via P.O.A. for Mark R. George (2026-09-15)