Director Lori Ryerkerk filed a statement of changes in beneficial ownership with the SEC on August 24, 2026, disclosing the crediting of restricted stock units to her account under Norfolk Southern Corporation's Long-Term Incentive Plan.

Key Highlights

  • Reporting person: Lori Ryerkerk, identified as a Director of Norfolk Southern Corporation (NYSE:NSC).
  • Transaction date: August 20, 2026, with the filing submitted on August 24, 2026.
  • Units acquired: 2.7961 restricted stock units credited as dividend equivalent payments under the Norfolk Southern Long-Term Incentive Plan.
  • Price basis: The units were calculated at $347.905, representing the market value of the corporation's common stock on the dividend payment date.
  • Total RSUs held: Following the transaction, Ryerkerk beneficially owned 1,345.3838 restricted stock units, held directly.
  • Settlement form: According to the filing, these units "ultimately will be satisfied in common stock."

Dividend Equivalent Credits Added to Ryerkerk's RSU Account at Norfolk Southern

According to the filing, the transaction reported involves derivative securities rather than outright purchases or sales of common stock. The 2.7961 restricted stock units were credited to Ryerkerk's account specifically as dividend equivalent payments on restricted stock units she already held under the Norfolk Southern Corporation Long-Term Incentive Plan. The crediting was calculated based on the market value of the corporation's common stock on the dividend payment date, which the filing states was $347.905.

Norfolk Southern Corporation is a major railroad operator whose common stock trades on the New York Stock Exchange under the ticker NSC. The Long-Term Incentive Plan referenced in the filing is a compensation arrangement under which equity awards, including restricted stock units, are granted to eligible participants. The filing was signed by J. Jeremy Ballard via power of attorney on behalf of Lori Ryerkerk on August 24, 2026. Following the credited units, Ryerkerk's total directly held restricted stock units stand at 1,345.3838, all of which are reported as directly owned.

What Was Disclosed

The filing disclosed the crediting of 2.7961 restricted stock units to director Lori Ryerkerk's account under the Norfolk Southern Long-Term Incentive Plan as dividend equivalent payments, bringing her total directly held RSUs to 1,345.3838. The units are to be settled in common stock.