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Companies Norfolk Southern Corp

Norfolk Southern (NSC): executive pay, fiscal 2025

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CEO total pay$16,245,050CEO Mark George · source
Say-on-pay support94.45%Latest vote · source
CEO vs. named peers23rd pct.Of 14 peer CEOs
CEO pay ratio137:1To the median employee · source

CEO pay, last three years

  • $3,366,246FY2023
  • $8,985,660FY2024
  • $16,245,050FY2025

CEO total pay was $16,245,050 in fiscal 2025, up from $8,985,660 in fiscal 2024.

FY2025: salary $1,100,000 · bonus $0 · stock awards $9,199,733 · option awards $2,300,010

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Norfolk Southern Corp in fiscal 2025?
As disclosed, Mark George (President & Chief Executive Officer) was the highest-paid executive at Norfolk Southern Corp in fiscal 2025, with total compensation of $16,245,050.
How does Norfolk Southern Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Mark George's total compensation ranked at the 23rd percentile of Norfolk Southern Corp's disclosed peer group.
What is Norfolk Southern Corp's CEO-to-median employee pay ratio?
As disclosed, Norfolk Southern Corp's CEO-to-median employee pay ratio was 137:1.
How did shareholders vote on Norfolk Southern Corp's executive compensation?
As disclosed, 94.45% of shareholders supported Norfolk Southern Corp's executive compensation in the latest say-on-pay vote.
How much does Norfolk Southern Corp spend in total on board compensation for fiscal 2025?
As disclosed, Norfolk Southern Corp reported total board compensation of $4,213,174 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mark George$1,100,000$0$9,199,733$2,300,010$2,932,875$511,140$201,292$16,245,050
President & Chief Executive Officer
Claude Elkins675,00002,399,989599,9571,199,8132,009,98831,2466,915,992
Executive Vice President & Chief Commercial Officer
John Orr750,00002,479,959619,9561,333,125363,13258,4305,604,601
Executive Vice President & Chief Operating Officer
Jason Zampi650,00002,080,072519,9631,155,375448,04412,2504,865,704
Executive Vice President & Chief Financial Officer
Anil Bhatt650,00001,980,091494,9861,155,37588,74013,0924,382,284
Executive Vice President & Chief Information & Digital Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Mark George$16,245,050$8,985,660$3,366,246↑ +7,259,390
Claude Elkins6,915,9923,761,8023,959,635↑ +3,154,190
John Orr5,604,60111,385,816—↓ −5,781,215
Jason Zampi4,865,7041,950,933—↑ +2,914,771
Anil Bhatt4,382,2844,986,100—↓ −603,816

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Committee made additional changes to our executive compensation program during 2025 to build on the aforementioned responsive actions to further refine our program to better align with shareholder feedback and market practice.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Anil BhattRSU2025-01-30——1,924—$494,968
Mark GeorgePSU2025-01-306,98023,267—58,1686,899,829
Jason ZampiRSU2025-01-30——2,021—519,922
John OrrRSU2025-01-30——2,410—619,997
Anil BhattPSU2025-01-301,5025,008—12,5201,485,122
Mark GeorgeRSU2025-01-30——8,940—2,299,904
Claude ElkinsRSU2025-01-30——2,332—599,930
Claude ElkinsPSU2025-01-301,8216,070—15,1751,800,059
Jason ZampiPSU2025-01-301,5785,261—13,1531,560,150
John OrrPSU2025-01-301,8826,272—15,6801,859,962
Jason ZampiOPTION2025-01-30——5,954—519,963
Claude ElkinsOPTION2025-01-30——6,870—599,957
John OrrOPTION2025-01-30——7,099—619,956
Anil BhattOPTION2025-01-30——5,668—494,986
Mark GeorgeOPTION2025-01-30——26,337—2,300,010

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Anil Bhatt$494,968$1,485,122$494,98660.0%
Mark George2,299,9046,899,8292,300,01060.0%
Jason Zampi519,9221,560,150519,96360.0%
John Orr619,9971,859,962619,95660.0%
Claude Elkins599,9301,800,059599,95760.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jason ZampiOption1,456255.5—
Anil BhattOption2,138255.5—
Claude ElkinsOption3,050270.98—
Claude ElkinsOption3,220241.18—
Claude ElkinsOption3,590298.08—
Mark GeorgeOption3,866241.18—
Mark GeorgeRSU3,945—1,139,000
Mark GeorgeOption4,590270.98—
Claude ElkinsOption4,710236.85—
Mark GeorgeOption4,789298.08—
John OrrRSU5,470—1,579,298
Anil BhattOption5,668257.26—
Jason ZampiOption5,954257.26—
John OrrOption6,068240.38—
Mark GeorgeOption6,353236.85—
Claude ElkinsOption6,870257.26—
John OrrOption7,099257.26—
Claude ElkinsRSU9,105—2,628,796
Claude ElkinsPSU14,240—4,111,373
Mark GeorgePSU14,713—4,247,793
Mark GeorgeOption19,007251.15—
John OrrPSU19,025—5,492,898
Jason ZampiPSU21,100—6,091,992
Jason ZampiRSU21,159—6,109,026
Mark GeorgeOption26,337257.26—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Richard H. AndersonIndependent · Board Chair · Audit and Finance · Compensation and Talent Management · Executive (Chair)$217,000$235,698$0$0$25,000$477,698
John C. Huffard, JrIndependent · Compensation and Talent Management (Chair) · Governance and Nominating · Safety (Chair) · Executive207,000180,082005,000392,082
Claude MongeauIndependent · Executive · Departed during FY110,000280,156000390,156
Francesca A. DeBiaseIndependent · Compensation and Talent Management · Governance and Nominating · Executive200,000180,082000380,082
Philip S. DavidsonIndependent · Audit and Finance · Safety180,000180,082005,000365,082
Marcela E. DonadioIndependent · Audit and Finance (Chair) · Safety · Executive140,000180,0820020,000340,082
William Clyburn, JrIndependent · Governance and Nominating · Safety120,000180,0820040,000340,082
Gilbert H. LamphereIndependent · Audit and Finance · Compensation and Talent Management130,000180,0820017,500327,582
Christopher T. JonesIndependent · Audit and Finance · Safety · Executive140,000180,082005,000325,082
Mary Kathryn Heidi HeitkampIndependent · Governance and Nominating · Safety120,000180,0820025,000325,082
Sameh FahmyIndependent · Audit and Finance · Safety120,000180,082000300,082
Thomas Colm KelleherIndependent · Compensation and Talent Management · Governance and Nominating · Not standing for re-election · Departed during FY70,000180,082000250,082
Mark R. GeorgeEmployee director · Executive000—00

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 5,000
Stock ownership guideline5x annual amount of quarterly fees ($600,000)

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,754,000
Equity awards (grant-date value)$2,316,674
All other compensation$142,500
Total cost of the board$4,213,174

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Norfolk Southern as a peer

Companies that benchmark against NSC

11 companies name NSC as a compensation peer

The list of companies that name NSC as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies Norfolk Southern Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Norfolk Southern Corp.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Deere & Company2025John May$1,694,507$13,950,239$4,255,133$5,450,551$27,925,424
2FedEx Corporation2026Rajesh Subramaniam1,550,0006,731,3643,715,06210,593,50027,554,018
3Canadian Pacific Kansas City Limited2025Keith Creel1,887,03012,022,3136,780,2043,761,74225,655,819
4United Parcel Service, Inc.2025Carol Tomé1,509,71317,550,5461,358,7542,264,56922,878,788
5Parker-Hannifin Corporation2026Jennifer Parmentier1,537,5007,586,8987,841,9404,539,82222,761,169
6Emerson Electric Co.2025Lal Karsanbhai1,537,50015,413,32503,728,52521,240,262
7Honeywell International Inc.2025Vimal Kapur1,600,00010,866,2693,623,9143,516,80020,381,435
8Union Pacific Corporation2025V. James Vena1,475,0009,000,1306,000,0033,437,25020,296,362
9Waste Management, Inc.2025James Fish1,486,53812,406,4782,400,0212,472,48019,048,786
10Caterpillar Inc.2025Joseph Creed1,381,8929,538,4843,101,1172,476,80017,008,077
11Norfolk Southern Corp2025Mark George1,100,0009,199,7332,300,0102,932,87516,245,050
12Illinois Tool Works Inc.2025Christopher A. O'Herlihy1,337,2715,249,9575,249,9962,702,38915,211,011
13CSX Corporation2025Stephen Angel386,3645,385,3425,248,065513,86311,711,612
14Eaton Corporation plc2025Paulo Ruiz1,087,1164,140,3141,384,6951,155,0007,923,677
—Canadian National Railway Company——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Norfolk Southern Corp118.5%not disclosedYes — relative TSRFW Cook
Canadian National Railway Companynot disclosednot disclosednot disclosednot disclosed
Canadian Pacific Kansas City Limitednot disclosedPSU 60 · Option 40not disclosedFrederic W. Cook & Co., Inc. (FW Cook)
Caterpillar Inc.118%PSU 50 · RSU 25 · Options 25Yes — relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
CSX Corporation76%PSU 60 · Option 20 · RSU 20NoPay Governance, LLC
Deere & Company160.8%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC (current); Pearl Meyer & Partners, LLC (prior year)
Eaton Corporation plc70%PSU 50 · RSU 25 · Option 25Yes — Relative TSRMeridian Compensation Partners
Emerson Electric Co.141.5%PSU 55 · RSU 45NoExequity
FedEx Corporation112.5%not disclosedYes — Relative TSR (FY24-FY26 LTI Cash Plan)Meridian Compensation Partners, LLC
Honeywell International Inc.126%PSU 50 · Options 25 · RSU 25Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Groupnot disclosed
Illinois Tool Works Inc.not disclosedPSU 50 · Options 50NoMeridian Compensation Partners LLC
Parker-Hannifin Corporationnot disclosedLTIP Awards 50 · Stock Appreciation Rights 50NoMercer Consulting
Union Pacific Corporation138%PSU 60 · Options 40NoPay Governance
United Parcel Service, Inc.75%PSU 93 · Options 7Yes — Relative Total Shareowner Return (RTSR)FW Cook
Waste Management, Inc.103.02%PSU 80 · Option 20NoFrederic W. Cook & Co., Inc.

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-07145,144,9918,525,943971,51094.45%Passed
20252025-05-08164,352,8358,166,851742,20695.27%Passed
20242024-05-0947,617,715122,902,2456,980,57927.93%Failed
20232023-05-11140,062,54525,616,561953,43184.54%Passed
20222022-05-12161,866,92412,887,467892,92392.63%Passed
20212021-05-13174,155,54913,479,5011,693,69192.82%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-0794.45%a
20252025-05-0895.27%b
20242024-05-0927.93%c

a. Approved under the standard stated in the filing — “How will these matters be decided at the Annual Meeting? Voting Item Voting Standard Treatment of Abstentions and Broker Non-Votes Recommendation 1 Election of 12 directors for a one-year term Majority of votes cast Not counted as votes cast and therefore no effect.”.

b. Approved under the standard stated in the filing — “How will these matters be decided at the Annual Meeting? Voting Item Voting Standard Treatment of Abstentions and Broker Non-Votes Recommendation 1 Election of 13 directors for a one-year term Plurality of votes cast Not counted as votes cast and therefore no effect.”.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)137 : 1
CEO total compensation$16,245,050
Median employee compensation$118,895
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Richard H. AndersonDirector2026-03-31A233.45$287$67,000Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-03-31A184.6728753,000Derivative, Class A CommonForm 4 ↗
John OrrEVP & Chief Operating Officer2026-04-26D8,319——Derivative, Class A CommonForm 4 ↗
John OrrEVP & Chief Operating Officer2026-04-26D3,2473211,041,654CommonForm 4 ↗
John OrrEVP & Chief Operating Officer2026-04-26A8,31900CommonForm 4 ↗
Dividend-equivalent accruals2026-05-20—123—~38,83710 insiders, 12 accrual rows
Marcela E. DonadioDirector2026-05-20A37.2431511,745Derivative, Class A CommonForm 4 ↗
Richard H. AndersonDirector2026-06-30A251.231579,026Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-06-30A168.4731553,000Derivative, Class A CommonForm 4 ↗
Brian BarrChief Operating Officer2026-07-27A1,456——Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-08-20—114—~39,57010 insiders, 12 accrual rows
Marcela E. DonadioDirector2026-08-20A33.934811,795Derivative, Class A CommonForm 4 ↗
Mark R. GeorgeDirector2026-09-13D1,035323334,616CommonForm 4 ↗
Mark R. GeorgeDirector2026-09-13A2,65300CommonForm 4 ↗
Mark R. GeorgeDirector2026-09-13D2,653——Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-09-30A171.5230953,000Derivative, Class A CommonForm 4 ↗
Richard H. AndersonDirector2026-09-30A177.9930955,000Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-10-08A333.3300CommonForm 4 ↗
Brian BarrChief Operating Officer2026-10-24D653——Derivative, Class A CommonForm 4 ↗
Brian BarrChief Operating Officer2026-10-24D11733238,855CommonForm 4 ↗
Brian BarrChief Operating Officer2026-10-24A65300CommonForm 4 ↗
Anil BhattEVP & CIDO2026-10-24D3,259——Derivative, Class A CommonForm 4 ↗
Anil BhattEVP & CIDO2026-10-24D1,338332444,336CommonForm 4 ↗
Anil BhattEVP & CIDO2026-10-24A3,25900CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 46 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Richard H. AndersonDirector2026-03-31A233.45$287$67,000Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-03-31A184.6728753,000Derivative, Class A CommonForm 4 ↗
John OrrEVP & Chief Operating Officer2026-04-26D8,319——Derivative, Class A CommonForm 4 ↗
John OrrEVP & Chief Operating Officer2026-04-26D3,2473211,041,654CommonForm 4 ↗
John OrrEVP & Chief Operating Officer2026-04-26A8,31900CommonForm 4 ↗
Francesca A. DeBiaseDirector2026-05-20A9.153152,887Derivative, Class A CommonForm 4 ↗
Christopher T. JonesDirector2026-05-20A22.483157,090Derivative, Class A CommonForm 4 ↗
Lori RyerkerkDirector2026-05-20A3.07315969Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-05-20A12.743123,971Derivative, Class A CommonForm 4 ↗
Richard H. AndersonDirector2026-05-20A10.143153,198Derivative, Class A CommonForm 4 ↗
Richard H. AndersonDirector2026-05-20A6.523122,034Derivative, Class A CommonForm 4 ↗
Philip S. DavidsonDirector2026-05-20A10.743153,388Derivative, Class A CommonForm 4 ↗
William Clyburn, JrDirector2026-05-20A7.793152,455Derivative, Class A CommonForm 4 ↗
Marcela E. DonadioDirector2026-05-20A37.2431511,745Derivative, Class A CommonForm 4 ↗
Sameh FahmyDirector2026-05-20A7.793152,455Derivative, Class A CommonForm 4 ↗
Mary Kathryn Heidi HeitkampDirector2026-05-20A7.793152,455Derivative, Class A CommonForm 4 ↗
Gilbert H. LamphereDirector2026-05-20A2.67315843Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-05-20A22.483157,090Derivative, Class A CommonForm 4 ↗
Richard H. AndersonDirector2026-06-30A251.231579,026Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-06-30A168.4731553,000Derivative, Class A CommonForm 4 ↗
Brian BarrChief Operating Officer2026-07-27A1,456——Derivative, Class A CommonForm 4 ↗
Philip S. DavidsonDirector2026-08-20A9.783483,403Derivative, Class A CommonForm 4 ↗
Mary Kathryn Heidi HeitkampDirector2026-08-20A7.093482,466Derivative, Class A CommonForm 4 ↗
Gilbert H. LamphereDirector2026-08-20A2.43348847Derivative, Class A CommonForm 4 ↗
Lori RyerkerkDirector2026-08-20A2.8348973Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-08-20A12.163474,216Derivative, Class A CommonForm 4 ↗
Richard H. AndersonDirector2026-08-20A9.233483,212Derivative, Class A CommonForm 4 ↗
Richard H. AndersonDirector2026-08-20A6.873472,382Derivative, Class A CommonForm 4 ↗
William Clyburn, JrDirector2026-08-20A7.093482,466Derivative, Class A CommonForm 4 ↗
Francesca A. DeBiaseDirector2026-08-20A8.333482,899Derivative, Class A CommonForm 4 ↗
Marcela E. DonadioDirector2026-08-20A33.934811,795Derivative, Class A CommonForm 4 ↗
Sameh FahmyDirector2026-08-20A7.093482,466Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-08-20A20.473487,120Derivative, Class A CommonForm 4 ↗
Christopher T. JonesDirector2026-08-20A20.473487,120Derivative, Class A CommonForm 4 ↗
Mark R. GeorgeDirector2026-09-13D1,035323334,616CommonForm 4 ↗
Mark R. GeorgeDirector2026-09-13A2,65300CommonForm 4 ↗
Mark R. GeorgeDirector2026-09-13D2,653——Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-09-30A171.5230953,000Derivative, Class A CommonForm 4 ↗
Richard H. AndersonDirector2026-09-30A177.9930955,000Derivative, Class A CommonForm 4 ↗
John C. Huffard, JrDirector2026-10-08A333.3300CommonForm 4 ↗
Brian BarrChief Operating Officer2026-10-24D653——Derivative, Class A CommonForm 4 ↗
Brian BarrChief Operating Officer2026-10-24D11733238,855CommonForm 4 ↗
Brian BarrChief Operating Officer2026-10-24A65300CommonForm 4 ↗
Anil BhattEVP & CIDO2026-10-24D3,259——Derivative, Class A CommonForm 4 ↗
Anil BhattEVP & CIDO2026-10-24D1,338332444,336CommonForm 4 ↗
Anil BhattEVP & CIDO2026-10-24A3,25900CommonForm 4 ↗
Sources (112 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Mark George. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table” · page 68. As printed: 16,245,050. View filing ↗
  • Section 01, Claude Elkins. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table”. As printed: 6,915,992. View filing ↗
  • Section 01, John Orr. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table”. As printed: 5,604,601. View filing ↗
  • Section 01, Jason Zampi. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table”. As printed: 4,865,704. View filing ↗
  • Section 01, Anil Bhatt. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table”. As printed: 4,382,284. View filing ↗
  • Section 03, Anil Bhatt RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark George PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Zampi RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, John Orr RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Anil Bhatt PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark George RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Claude Elkins RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Claude Elkins PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Zampi PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, John Orr PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jason Zampi OPTION. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Claude Elkins OPTION. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, John Orr OPTION. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Anil Bhatt OPTION. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark George OPTION. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 137 : 1. View filing ↗
  • Section 08, Richard H. Anderson. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 477,698. View filing ↗
  • Section 08, John C. Huffard, Jr. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 392,082. View filing ↗
  • Section 08, Claude Mongeau. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 390,156. View filing ↗
  • Section 08, Francesca A. DeBiase. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 380,082. View filing ↗
  • Section 08, Philip S. Davidson. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 365,082. View filing ↗
  • Section 08, Marcela E. Donadio. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 340,082. View filing ↗
  • Section 08, William Clyburn, Jr. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 340,082. View filing ↗
  • Section 08, Gilbert H. Lamphere. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 327,582. View filing ↗
  • Section 08, Christopher T. Jones. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 325,082. View filing ↗
  • Section 08, Mary Kathryn Heidi Heitkamp. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 325,082. View filing ↗
  • Section 08, Sameh Fahmy. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 300,082. View filing ↗
  • Section 08, Thomas Colm Kelleher. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 250,082. View filing ↗
  • Section 08, Mark R. George. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Richard H. Anderson 2026-03-31. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John C. Huffard, Jr 2026-03-31. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John Orr 2026-04-26. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John Orr 2026-04-26. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John Orr 2026-04-26. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Francesca A. DeBiase 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christopher T. Jones 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lori Ryerkerk 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John C. Huffard, Jr 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Richard H. Anderson 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Richard H. Anderson 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philip S. Davidson 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, William Clyburn, Jr 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Marcela E. Donadio 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sameh Fahmy 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mary Kathryn Heidi Heitkamp 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gilbert H. Lamphere 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John C. Huffard, Jr 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Richard H. Anderson 2026-06-30. Form 4, filed 2026-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John C. Huffard, Jr 2026-06-30. Form 4, filed 2026-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Brian Barr 2026-07-27. Form 4, filed 2026-07-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philip S. Davidson 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mary Kathryn Heidi Heitkamp 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gilbert H. Lamphere 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lori Ryerkerk 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John C. Huffard, Jr 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Richard H. Anderson 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Richard H. Anderson 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, William Clyburn, Jr 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Francesca A. DeBiase 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Marcela E. Donadio 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sameh Fahmy 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John C. Huffard, Jr 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christopher T. Jones 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mark R. George 2026-09-13. Form 4, filed 2026-09-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mark R. George 2026-09-13. Form 4, filed 2026-09-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mark R. George 2026-09-13. Form 4, filed 2026-09-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John C. Huffard, Jr 2026-09-30. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Richard H. Anderson 2026-09-30. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John C. Huffard, Jr 2026-10-08. Form 4, filed 2026-10-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Brian Barr 2026-10-24. Form 4, filed 2026-10-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Brian Barr 2026-10-24. Form 4, filed 2026-10-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Brian Barr 2026-10-24. Form 4, filed 2026-10-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anil Bhatt 2026-10-24. Form 4, filed 2026-10-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anil Bhatt 2026-10-24. Form 4, filed 2026-10-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anil Bhatt 2026-10-24. Form 4, filed 2026-10-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-08. Item 5.07 · say-on-pay result. As reported: 94.45% (votes for as printed: 145,144,991). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-09. Item 5.07 · say-on-pay result. As reported: 95.27% (votes for as printed: 164,352,835). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-15. Item 5.07 · say-on-pay result. As reported: 27.93% (votes for as printed: 47,617,715). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,754,000 + equity 2,316,674 + all other 142,500 = 4,213,174, summed across the director compensation table rows.
  • Deere & Company, Section 10b CEO total. DEF 14A, filed 2026-01-14. CEO total compensation as printed in Deere & Company's own proxy. As printed: 27,925,424. View filing ↗
  • FedEx Corporation, Section 10b CEO total. DEF 14A, filed 2026-08-17. CEO total compensation as printed in FedEx Corporation's own proxy. As printed: 27,554,018. View filing ↗
  • Canadian Pacific Kansas City Limited, Section 10b CEO total. 10-K/A, filed 2026-04-23. CEO total compensation as printed in Canadian Pacific Kansas City Limited's own proxy. As printed: 25,655,819. View filing ↗
  • United Parcel Service, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in United Parcel Service, Inc.'s own proxy. As printed: 22,878,788. View filing ↗
  • Parker-Hannifin Corporation, Section 10b CEO total. DEF 14A, filed 2026-09-18. CEO total compensation as printed in Parker-Hannifin Corporation's own proxy. As printed: 22,761,169. View filing ↗
  • Emerson Electric Co., Section 10b CEO total. DEF 14A, filed 2025-12-12. CEO total compensation as printed in Emerson Electric Co.'s own proxy. As printed: 21,240,262. View filing ↗
  • Honeywell International Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Honeywell International Inc.'s own proxy. As printed: 20,381,435. View filing ↗
  • Union Pacific Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Union Pacific Corporation's own proxy. As printed: 20,296,362. View filing ↗
  • Waste Management, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Waste Management, Inc.'s own proxy. As printed: 19,048,786. View filing ↗
  • Caterpillar Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Caterpillar Inc.'s own proxy. As printed: 17,008,077. View filing ↗
  • Norfolk Southern Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Norfolk Southern Corp's own proxy. As printed: 16,245,050. View filing ↗
  • Illinois Tool Works Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Illinois Tool Works Inc.'s own proxy. As printed: 15,211,011. View filing ↗
  • CSX Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in CSX Corporation's own proxy. As printed: 11,711,612. View filing ↗
  • Eaton Corporation plc, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Eaton Corporation plc's own proxy. As printed: 7,923,677. View filing ↗
  • Section 10a, Union Pacific Corporation reciprocity. DEF 14A. Union Pacific Corporation's most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, Canadian Pacific Kansas City Limited reciprocity. DEF 14A. Canadian Pacific Kansas City Limited's most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, Illinois Tool Works Inc. reciprocity. DEF 14A. Illinois Tool Works Inc.'s most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, Parker-Hannifin Corporation reciprocity. DEF 14A. Parker-Hannifin Corporation's most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, Deere & Company reciprocity. DEF 14A. Deere & Company's most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, CSX Corporation reciprocity. DEF 14A. CSX Corporation names Norfolk Southern Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Caterpillar Inc. reciprocity. DEF 14A. Caterpillar Inc.'s most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, Emerson Electric Co. reciprocity. DEF 14A. Emerson Electric Co.'s most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, Honeywell International Inc. reciprocity. DEF 14A. Honeywell International Inc.'s most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, Eaton Corporation plc reciprocity. DEF 14A. Eaton Corporation plc's most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
  • Section 10a, Waste Management, Inc. reciprocity. DEF 14A. Waste Management, Inc. names Norfolk Southern Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, United Parcel Service, Inc. reciprocity. DEF 14A. United Parcel Service, Inc.'s most recent proxy was read; its disclosed peer group does not include Norfolk Southern Corp. View filing ↗
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