X0306 4 2020-01-30 0000702165 NORFOLK SOUTHERN CORP NSC 0001733459 Scheib John Meade THREE COMMERCIAL PLACE NORFOLK VA 23510 1 EVP and Chief Strategy Officer Common Stock 2020-01-30 4 M 0 2460.0000 70.3200 A 8756.0000 D Common Stock 2020-01-30 4 A 0 1881.0000 0.0000 A 10637.0000 D Common Stock 2020-01-30 4 M 0 1061.0000 94.1700 A 11698.0000 D Common Stock 2020-01-30 4 M 0 959.0000 104.2300 A 12657.0000 D Common Stock 2020-01-30 4 M 0 651.0000 104.2300 A 13308.0000 D Common Stock 2020-01-30 4 M 0 579.0000 94.1700 A 13887.0000 D Common Stock 2020-01-30 4 F 0 394.0000 213.9518 D 13493.0000 D Common Stock 2020-01-30 4 F 0 461.0000 213.9518 D 13032.0000 D Common Stock 2020-01-30 4 F 0 469.0000 213.3175 D 12563.0000 D Common Stock 2020-01-30 4 F 0 469.0000 213.3175 D 12094.0000 D Common Stock 2020-01-30 4 F 0 689.0000 213.3200 D 11405.0000 D Common Stock 2020-01-30 4 F 0 1516.0000 213.9498 D 9889.0000 D Common Stock 2020-01-30 5 G 0 15.0000 0.0000 D 9874.0000 D Common Stock 66.2037 I By 401k Option (right to buy, granted 2014) 94.1700 2020-01-30 4 M 0 579.0000 D 2018-01-23 2024-01-22 Common Stock 579.0000 1061.0000 D Option (right to buy, granted 2014) 94.1700 2020-01-30 4 M 0 1061.0000 D 2018-01-23 2024-01-22 Common Stock 1061.0000 0.0000 D Option (right to buy, granted 2015) 104.2300 2020-01-30 4 M 0 651.0000 D 2019-01-27 2025-01-26 Common Stock 651.0000 959.0000 D Option (right to buy, granted 2015) 104.2300 2020-01-30 4 M 0 959.0000 D 2019-01-27 2025-01-26 Common Stock 959.0000 0.0000 D Option (right to buy, granted 2016) 70.3200 2020-01-30 4 M 0 2460.0000 D 2020-01-28 2026-01-27 Common Stock 2460.0000 0.0000 D Option (right to buy, granted 2020) 214.5000 2020-01-30 4 A 0 2960.0000 A 2024-01-30 2030-01-30 Common Stock 2960.0000 2960.0000 D Restricted Stock Units 2020-01-30 4 A 0 2180.0000 A Common Stock 2180.0000 4303.0000 D 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). Represents shares earned by the reporting person under the formula-based performance share feature of the Corporation's Long-Term Incentive Plan (a Rule 16b-3 plan). 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 30, 2020, 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. 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). Reports the number of Restricted Stock Units, exempt under Section 16(b), granted and credited to the account of the reporting person on January 30, 2020, 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. Denise W. Hutson via P.O.A. for John M. Scheib 2020-02-03