Director Gilbert H. Lamphere filed a statement of changes in beneficial ownership with the SEC on August 24, 2026, disclosing the credit of restricted stock units to his account under the Norfolk Southern Corporation Long-Term Incentive Plan as of August 20, 2026.

Key Highlights

  • Reporting Person: Gilbert H. Lamphere, a director of Norfolk Southern Corp (NYSE:NSC), filed the ownership change statement.
  • Transaction Date: The earliest reported transaction date is 08/20/2026.
  • Units Acquired: 2.4343 restricted stock units were credited to Lamphere's account as dividend equivalent payments.
  • Price Basis: The units were calculated at a price of $347.905, reflecting the market value of Norfolk Southern common stock on the dividend payment date.
  • Total RSUs Held: Following the transaction, Lamphere beneficially owned 629.7679 restricted stock units directly.
  • Settlement: According to the filing, these units "ultimately will be satisfied in common stock."

Dividend Equivalent RSU Credit Under Norfolk Southern Long-Term Incentive Plan

According to the filing, the 2.4343 restricted stock units credited to Gilbert H. Lamphere's account represent dividend equivalent payments on restricted stock units he already held under the Norfolk Southern Corporation Long-Term Incentive Plan. The units were not purchased on the open market but were instead calculated based on the market value of Norfolk Southern's common stock on the dividend payment date, which the filing records as $347.905 per unit. Norfolk Southern Corp is a major freight railroad operator whose common stock trades on the New York Stock Exchange.

The transaction was coded as an acquisition (A) of derivative securities, specifically restricted stock units, in Table II of the filing. The filing notes that these units will ultimately be settled in shares of Norfolk Southern common stock rather than cash. J. Jeremy Ballard signed the filing via power of attorney on behalf of Gilbert H. Lamphere on August 24, 2026. Lamphere's reported address is 650 W Peachtree St NW, Atlanta, Georgia 30308, and he is identified solely in the capacity of director, with no officer title indicated.

What Was Disclosed

The filing disclosed that director Gilbert H. Lamphere received 2.4343 restricted stock units as dividend equivalent payments under the Norfolk Southern Long-Term Incentive Plan on August 20, 2026, bringing his total directly held RSU balance to 629.7679 units.