X0306 4 2022-01-27 0000702165 NORFOLK SOUTHERN CORP NSC 0001305086 Squires James A 650 W PEACHTREE ST NW ATLANTA GA 30308 1 1 Chairman and CEO Common Stock 2022-01-27 4 A 0 29481.0000 0.0000 A 85021.0000 D Common Stock 2022-01-27 4 F 0 12604.0000 270.9800 D 72417.0000 D Common Stock 165.7313 I By 401(k) Plan Common Stock 48613.0000 I By Spouse Common Stock 11636.9230 I By the E.H. Squires Irrevocable Trust Common Stock 11636.9230 I By the M.O. Squires Irrevocable Trust Option (right to buy, granted 2011) 2015-01-27 2021-01-26 Common Stock 19000.0000 19000.0000 D Option (right to buy, granted 2012) 2016-01-26 2022-01-25 Common Stock 18000.0000 18000.0000 D Option (right to buy, granted 2015) 104.2300 2019-01-27 2025-01-26 Common Stock 27871.0000 27871.0000 D Option (right to buy, granted 2016) 70.3200 2020-01-28 2026-01-27 Common Stock 105420.0000 105420.0000 D Option (right to buy, granted 2017) 120.2500 2021-01-26 2027-01-25 Common Stock 60300.0000 60300.0000 D Option (right to buy, granted 2018) 149.5800 2022-01-25 2028-01-24 Common Stock 26080.0000 26080.0000 D Option (right to buy, granted 2019) 165.7900 2023-01-28 2029-01-27 Common Stock 25820.0000 25820.0000 D Option (right to buy, granted 2020) 214.5000 2024-01-30 2030-01-30 Common Stock 22480.0000 22480.0000 D Option (right to buy, granted 2021) 241.7900 2025-01-28 2031-01-28 Common Stock 20730.0000 20730.0000 D Option (right to buy, granted 2022) 270.9800 2026-01-27 2032-01-26 Common Stock 16510.0000 16510.0000 D Restricted Stock Units Common Stock 22304.0000 22304.0000 D Represents shares earned by the reporting person under the formula-based performance share feature of the Corporation's Long-Term Incentive plan (a Rule 16h-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 March 5, 2020, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusted 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices. Represents shares held by irrevocable trust for the benefit of the reporting person's child. The reporting person's spouse is the trustee of the trust. The reporting person has no pecuniary interest or investment control over these shares. 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 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 vest ratably over four years from the grant date and ultimately will be settled in Common Stock. Denise W. Hutson via P.O.A. for James A. Squires 2022-02-03