Squires James A's Form 4 filing
Norfolk Southern Corp (NSC) · filed Jan 31, 2022
- Accession no.
- 0001225208-22-001215
- Filed
- Jan 31, 2022
- Trade date
- Jan 27-28, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 6 non-derivative transactions and 5 derivative transactions. Open-market sales total $16.9M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Squires James ACIK 0001305086 | Director, Officer (Chairman and CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 28, 2022 | Common Stock | MOption exerciseAcquired | +62,880 | $92.76 | +$5,832,748.8 | 118,420 | Direct | |
| Jan 28, 2022 | Common Stock | MOption exerciseAcquired | +2,982 | $0.00F1 | $0 | 121,402 | Direct | |
| Jan 28, 2022 | Common Stock | MOption exerciseAcquired | +2,250 | $0.00F2 | $0 | 123,652 | Direct | |
| Jan 28, 2022 | Common Stock | FTax withholdingDisposed | −962 | $268.22 | −$258,027.64 | 122,690 | Direct | |
| Jan 28, 2022 | Common Stock | FTax withholdingDisposed | −1,275 | $268.22 | −$341,980.5 | 121,415 | Direct | |
| Jan 28, 2022 | Common Stock | SSaleDisposed | −62,880 | $269.36 | −$16,937,356.8 | 58,535 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 27, 2022 | Common Stock | AGrant or awardAcquired | +16,510 | –F5 | – | 16,510 | Direct | |
| Jan 27, 2022 | Common Stock | AGrant or awardAcquired | +7,970 | –F6 | – | 23,776 | Direct | |
| Jan 28, 2022 | Common Stock | MOption exerciseDisposed | −62,880 | –F7 | – | 0 | Direct | |
| Jan 28, 2022 | Common Stock | MOption exerciseDisposed | −2,250 | –F2 | – | 21,526 | Direct | |
| Jan 28, 2022 | Common Stock | MOption exerciseDisposed | −2,982 | –F1 | – | 18,544 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 28, 2019, 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, vesting ratably in four annual installments beginning on the first anniversary of the grant date. This distribution represents the third of four installments.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F2
Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 28, 2021, 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, vesting ratably in four annual installments beginning on the first anniversary of the grant date. This distribution represents the first of four installments.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F5
Reports the grant to the reporting person of an option to purchase shares of common stock under the Norfolk Southern Corporation Long-Term Incentive Plan (a 16b-3 plan).
Referenced by the price of 1 transaction in Table II.
- F6
Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 27, 2022, 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, vesting ratably in four annual installments beginning on the first anniversary of the grant date.
Referenced by the price of 1 transaction in Table II.
- F7
Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).
Referenced by the price of 1 transaction in Table II.