Norfolk Southern insider activity
What the executives and directors of Norfolk Southern actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
$1.0M
net open-market flow, 12 m
3 open-market buys, 12 m
0%
of sale value on 10b5-1 plans, 12 m
290 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 47 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Sep 13, 2026 | George Mark R | 3,688 |
| Apr 26, 2026 | Orr John F | 12K |
| Jan 30, 2026 | Zampi Jason Andrew | 1,964 |
| Jan 30, 2026 | George Mark R | 7,083 |
| Jan 30, 2026 | Elkins Claude E | 2,978 |
| Jan 30, 2026 | Moore Claiborne L | 1,496 |
| Jan 30, 2026 | LAMPHERE GILBERT H | 700 |
| Jan 30, 2026 | Orr John F | 1,915 |
| Jan 30, 2026 | Bhatt Anil | 1,096 |
| Oct 24, 2025 | Zampi Jason Andrew | 192 |
| Oct 24, 2025 | Bhatt Anil | 4,645 |
| Sep 13, 2025 | George Mark R | 3,692 |
| Aug 1, 2025 | LAMPHERE GILBERT H | 460 |
| Apr 26, 2025 | Orr John F | 13K |
| Jan 30, 2025 | Zampi Jason Andrew | 1,098 |
| Jan 30, 2025 | George Mark R | 5,342 |
| Jan 30, 2025 | Elkins Claude E | 3,388 |
| Jan 30, 2025 | Moore Claiborne L | 957 |
| Jan 26, 2025 | Zampi Jason Andrew | 315 |
| Jan 26, 2025 | George Mark R | 871 |
| Jan 26, 2025 | Elkins Claude E | 741 |
| Jan 26, 2025 | Moore Claiborne L | 315 |
| Sep 13, 2024 | Shaw Alan H. | 51K |
| Aug 22, 2024 | Fahmy Sameh | 1,000 |
| Jul 31, 2024 | DeBiase Francesca A. | 350 |
| Jun 11, 2024 | Shaw Alan H. | 457 |
| May 10, 2024 | Elkins Claude E | 4,140 |
| Apr 28, 2024 | Moore Claiborne L | 128 |
| Mar 2, 2024 | Duncan Paul B | 2,145 |
| Jan 30, 2024 | Shaw Alan H. | 6,085 |
| Jan 30, 2024 | Adams Ann A | 6,085 |
| Jan 30, 2024 | George Mark R | 6,708 |
| Jan 30, 2024 | Elkins Claude E | 950 |
| Jan 30, 2024 | Moore Claiborne L | 159 |
| Jan 30, 2024 | Nag Nabanita C | 75 |
| Jan 28, 2024 | Shaw Alan H. | 5,782 |
| Jan 28, 2024 | Adams Ann A | 2,366 |
| Jan 28, 2024 | George Mark R | 2,929 |
| Jan 28, 2024 | Elkins Claude E | 1,795 |
| Jan 28, 2024 | Moore Claiborne L | 878 |
| Jan 28, 2024 | Nag Nabanita C | 1,519 |
| Jan 27, 2024 | Duncan Paul B | 1,235 |
| Jan 26, 2024 | LEER STEVEN F | 750 |
| Jan 26, 2024 | LOCKHART MICHAEL D | 750 |
| Jan 26, 2024 | BELL THOMAS D JR | 750 |
| Nov 9, 2023 | Adams Ann A | 7,548 |
| Oct 27, 2023 | Duncan Paul B | 67 |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| Vested / exercised | 28K |
| Bought on market | 4,454 |
| Withheld for tax | 9,510 |
| Discretionary sales | 900 |
| Kept | 22K |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| Orr John F | 5,196 | 11K | 218.7 |
| Moore Claiborne L | 2,224 | 4,970 | 223.5 |
Who holds what
the 14 largest holdings of 21| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| Shaw Alan H. EVP & Chief Marketing Officer Last trade Sep 13, 2024 | Officer | 55K | – | – | Sep 13, 2024 | |
| MONGEAU CLAUDE Last trade May 29, 2024 | Director | 34K | – | – | May 29, 2024 | |
| George Mark R President & CEO Last trade Dec 11, 2024 | CEO | 24K | – | – | Dec 11, 2024 | |
| Adams Ann A EVP & Chief Transform. Officer Last trade Feb 19, 2021 | Officer | 21K | – | – | Feb 19, 2021 | |
| Orr John F EVP & Chief Operating Officer | COO | 15K | – | – | – | |
| Fahmy Sameh Last trade Nov 5, 2025 | Director | 12K | $467K | – | net buying over the year: 1 month buying, 0 months selling | Nov 5, 2025 |
| ANDERSON RICHARD H Last trade Oct 27, 2025 | Director | 7,000 | $733K | – | net buying over the year: 1 month buying, 0 months selling | Oct 27, 2025 |
| LOCKHART MICHAEL D Last trade May 5, 2017 | Director | 6,012 | – | – | May 5, 2017 | |
| BELL THOMAS D JR | Director | 5,920 | – | – | – | |
| LEER STEVEN F Last trade Mar 14, 2022 | Director | 5,220 | – | – | Mar 14, 2022 | |
| Moore Claiborne L Vice President & Controller | Officer | 4,902 | – | – | – | |
| Zampi Jason Andrew EVP & CFO Last trade Feb 4, 2020 | CFO | 4,037 | – | – | Feb 4, 2020 | |
| LAMPHERE GILBERT H Last trade Jan 31, 2025 | Director | 3,647 | – | – | Jan 31, 2025 | |
| Huffard John C Jr Last trade May 30, 2024 | Director | 3,398 | – | – | May 30, 2024 |
Open-market trade log
the 60 most recent of 745| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Dec 5, 2025 | Clyburn William Jr. (Director) 204 shares $294.79 +0.0% since trade filed Dec 8, 2025 | Open-market buy | 204 | $294.79 | $60K | +0.0% | Dec 8, 2025 |
| Nov 19, 2025 | Bhatt Anil (Officer) 900 shares $281.60 +4.7% since trade filed Nov 20, 2025 | Discretionary sale | 900 | $281.60 | $253K | +4.7% | Nov 20, 2025 |
| Nov 5, 2025 | Fahmy Sameh (Director) 1,650 shares $282.97 +4.2% since trade filed Nov 6, 2025 | Open-market buy | 1,650 | $282.97 | $467K | +4.2% | Nov 6, 2025 |
| Oct 27, 2025 | ANDERSON RICHARD H (Director) 2,600 shares $281.86 +4.6% since trade filed Oct 28, 2025 | Open-market buy | 2,600 | $281.86 | $733K | +4.6% | Oct 28, 2025 |
| Jan 31, 2025 | LAMPHERE GILBERT H (Director) 607 shares $259.86 +13.4% since trade filed Feb 3, 2025 | Open-market buy | 607 | $259.86 | $158K | +13.4% | Feb 3, 2025 |
| Dec 13, 2024 | ANDERSON RICHARD H (Director) 200 shares $248.61 +18.6% since trade filed Dec 16, 2024 | Open-market buy | 200 | $248.61 | $50K | +18.6% | Dec 16, 2024 |
| Dec 13, 2024 | ANDERSON RICHARD H (Director) 200 shares $248.69 +18.5% since trade filed Dec 16, 2024 | Open-market buy | 200 | $248.69 | $50K | +18.5% | Dec 16, 2024 |
| Dec 13, 2024 | Clyburn William Jr. (Director) 201 shares $248.41 +18.7% since trade filed Dec 16, 2024 | Open-market buy | 201 | $248.41 | $50K | +18.7% | Dec 16, 2024 |
| Dec 12, 2024 | Fahmy Sameh (Director) 350 shares $249.37 +18.2% since trade filed Dec 13, 2024 | Open-market buy | 350 | $249.37 | $87K | +18.2% | Dec 13, 2024 |
| Dec 11, 2024 | George Mark R (CEO) 200 shares $249.84 +18.0% since trade filed Dec 12, 2024 | Open-market buy | 200 | $249.84 | $50K | +18.0% | Dec 12, 2024 |
| Oct 24, 2024 | ANDERSON RICHARD H (Director) 1,000 shares $257.85 +14.3% since trade filed Oct 25, 2024 | Open-market buy | 1,000 | $257.85 | $258K | +14.3% | Oct 25, 2024 |
| Oct 24, 2024 | Fahmy Sameh (Director) 1,000 shares $255.00 +15.6% since trade filed Oct 25, 2024 | Open-market buy | 1,000 | $255.00 | $255K | +15.6% | Oct 25, 2024 |
| Sep 13, 2024 | Shaw Alan H. (Other) 51K shares $255.98 +15.2% since trade filed Oct 1, 2024 late | Discretionary sale | 51K | $255.98 | $13M | +15.2% | Oct 1, 2024 late |
| Aug 2, 2024 | Fahmy Sameh (Director) 300 shares $241.65 +22.0% since trade filed Aug 5, 2024 | Open-market buy | 300 | $241.65 | $72K | +22.0% | Aug 5, 2024 |
| Aug 1, 2024 | Fahmy Sameh (Director) 700 shares $245.15 +20.3% since trade filed Aug 5, 2024 | Open-market buy | 700 | $245.15 | $172K | +20.3% | Aug 5, 2024 |
| Jul 29, 2024 | ANDERSON RICHARD H (Director) 2,000 shares $247.48 +19.1% since trade filed Jul 31, 2024 | Open-market buy | 2,000 | $247.48 | $495K | +19.1% | Jul 31, 2024 |
| Jul 29, 2024 | Nag Nabanita C (Officer) 355 shares $249.38 +18.2% since trade filed Jul 31, 2024 | Discretionary sale | 355 | $249.38 | $89K | +18.2% | Jul 31, 2024 |
| Jun 14, 2024 | Fahmy Sameh (Director) 2,000 shares $219.25 +34.5% since trade filed Jun 17, 2024 | Open-market buy | 2,000 | $219.25 | $439K | +34.5% | Jun 17, 2024 |
| Jun 3, 2024 | Fahmy Sameh (Director) 1,500 shares $222.17 +32.7% since trade filed Jun 4, 2024 | Open-market buy | 1,500 | $222.17 | $333K | +32.7% | Jun 4, 2024 |
| May 31, 2024 | Fahmy Sameh (Director) 500 shares $222.20 +32.7% since trade filed Jun 4, 2024 | Open-market buy | 500 | $222.20 | $111K | +32.7% | Jun 4, 2024 |
| May 30, 2024 | KELLEHER THOMAS COLM (Director) 1,084 shares $220.32 +33.8% since trade filed Jun 5, 2024 late | Open-market buy | 1,084 | $220.32 | $239K | +33.8% | Jun 5, 2024 late |
| May 30, 2024 | KELLEHER THOMAS COLM (Director) 1,198 shares $219.64 +34.2% since trade filed Jun 5, 2024 late | Open-market buy | 1,198 | $219.64 | $263K | +34.2% | Jun 5, 2024 late |
| May 30, 2024 | Huffard John C Jr (Director) 3,398 shares $219.92 +34.0% since trade filed May 31, 2024 | Open-market buy | 3,398 | $219.92 | $747K | +34.0% | May 31, 2024 |
| May 29, 2024 | ANDERSON RICHARD H (Director) 1,000 shares $221.00 +33.4% since trade filed May 31, 2024 | Open-market buy | 1,000 | $221.00 | $221K | +33.4% | May 31, 2024 |
| May 29, 2024 | LAMPHERE GILBERT H (Director) 680 shares $219.77 +34.1% since trade filed May 31, 2024 | Open-market buy | 680 | $219.77 | $149K | +34.1% | May 31, 2024 |
| May 29, 2024 | MONGEAU CLAUDE (Director) 5,650 shares $221.00 +33.4% since trade filed May 31, 2024 | Open-market buy | 5,650 | $221.00 | $1.2M | +33.4% | May 31, 2024 |
| May 10, 2024 | Elkins Claude E (Officer) 1,112 shares $229.10 +28.7% since trade filed May 14, 2024 | Discretionary sale | 1,112 | $229.10 | $255K | +28.7% | May 14, 2024 |
| May 10, 2024 | Elkins Claude E (Officer) 3,077 shares $227.68 +29.5% since trade filed May 14, 2024 | Discretionary sale | 3,077 | $227.68 | $701K | +29.5% | May 14, 2024 |
| May 10, 2024 | Elkins Claude E (Officer) 4,140 shares $228.82 +28.8% since trade filed May 14, 2024 | Discretionary sale | 4,140 | $228.82 | $947K | +28.8% | May 14, 2024 |
| Jun 1, 2023 | Shaw Alan H. (CEO) 2,000 shares $209.55 +40.7% since trade filed Jun 2, 2023 | Planned sale (10b5-1) | 2,000 | $209.55 | $419K | +40.7% | Jun 2, 2023 |
| Mar 1, 2023 | Shaw Alan H. (CEO) 2,000 shares $224.16 +31.5% since trade filed Mar 3, 2023 | Discretionary sale | 2,000 | $224.16 | $448K | +31.5% | Mar 3, 2023 |
| Dec 8, 2022 | Squires James A (Director) 11K shares $245.74 +20.0% since trade filed Dec 12, 2022 | Discretionary sale | 11K | $245.74 | $2.6M | +20.0% | Dec 12, 2022 |
| Dec 8, 2022 | Squires James A (Director) 11K shares $245.77 +20.0% since trade filed Dec 12, 2022 | Discretionary sale | 11K | $245.77 | $2.6M | +20.0% | Dec 12, 2022 |
| Dec 1, 2022 | Shaw Alan H. (CEO) 2,000 shares $258.35 +14.1% since trade filed Dec 2, 2022 | Discretionary sale | 2,000 | $258.35 | $517K | +14.1% | Dec 2, 2022 |
| Sep 1, 2022 | Shaw Alan H. (CEO) 2,000 shares $241.28 +22.2% since trade filed Sep 2, 2022 | Discretionary sale | 2,000 | $241.28 | $483K | +22.2% | Sep 2, 2022 |
| Aug 2, 2022 | Squires James A (Director) 132 shares $250.86 +17.5% since trade filed Aug 4, 2022 | Discretionary sale | 132 | $250.86 | $33K | +17.5% | Aug 4, 2022 |
| Aug 2, 2022 | Squires James A (Director) 6,295 shares $250.21 +17.8% since trade filed Aug 4, 2022 | Discretionary sale | 6,295 | $250.21 | $1.6M | +17.8% | Aug 4, 2022 |
| Aug 2, 2022 | Squires James A (Director) 46K shares $249.13 +18.3% since trade filed Aug 4, 2022 | Discretionary sale | 46K | $249.13 | $11M | +18.3% | Aug 4, 2022 |
| Aug 2, 2022 | Squires James A (Director) 53K shares $248.35 +18.7% since trade filed Aug 4, 2022 | Discretionary sale | 53K | $248.35 | $13M | +18.7% | Aug 4, 2022 |
| Jun 1, 2022 | Shaw Alan H. (CEO) 1,000 shares $241.84 +21.9% since trade filed Jun 2, 2022 | Discretionary sale | 1,000 | $241.84 | $242K | +21.9% | Jun 2, 2022 |
| May 16, 2022 | Squires James A (Director) 28K shares $247.54 +19.1% since trade filed May 17, 2022 | Discretionary sale | 28K | $247.54 | $6.9M | +19.1% | May 17, 2022 |
| Mar 14, 2022 | LEER STEVEN F (Director) 700 shares $265.51 +11.0% since trade filed Mar 16, 2022 | Discretionary sale | 700 | $265.51 | $186K | +11.0% | Mar 16, 2022 |
| Mar 1, 2022 | Shaw Alan H. (Officer) 1,000 shares $256.70 +14.8% since trade filed Mar 2, 2022 | Discretionary sale | 1,000 | $256.70 | $257K | +14.8% | Mar 2, 2022 |
| Jan 28, 2022 | Squires James A (CEO) 63K shares $269.36 +9.4% since trade filed Jan 31, 2022 | Discretionary sale | 63K | $269.36 | $17M | +9.4% | Jan 31, 2022 |
| Dec 1, 2021 | Shaw Alan H. (Officer) 1,000 shares $272.73 +8.1% since trade filed Dec 3, 2021 | Discretionary sale | 1,000 | $272.73 | $273K | +8.1% | Dec 3, 2021 |
| Oct 28, 2021 | Allison Clyde H Jr (Officer) 5,000 shares $290.13 +1.6% since trade filed Oct 29, 2021 | Discretionary sale | 5,000 | $290.13 | $1.5M | +1.6% | Oct 29, 2021 |
| Sep 15, 2021 | Shaw Alan H. (Officer) 1,000 shares $245.15 +20.3% since trade filed Sep 17, 2021 | Discretionary sale | 1,000 | $245.15 | $245K | +20.3% | Sep 17, 2021 |
| Jul 29, 2021 | Shaw Alan H. (Officer) 570 shares $256.91 filed Aug 2, 2021 | Discretionary sale | 570 | $256.91 | $146K | – | Aug 2, 2021 |
| Jul 29, 2021 | Shaw Alan H. (Officer) 1,118 shares $256.97 filed Aug 2, 2021 | Discretionary sale | 1,118 | $256.97 | $287K | – | Aug 2, 2021 |
| Jul 29, 2021 | Shaw Alan H. (Officer) 1,699 shares $256.90 filed Aug 2, 2021 | Discretionary sale | 1,699 | $256.90 | $436K | – | Aug 2, 2021 |
| Jul 29, 2021 | Shaw Alan H. (Officer) 1,761 shares $256.94 filed Aug 2, 2021 | Discretionary sale | 1,761 | $256.94 | $452K | – | Aug 2, 2021 |
| Jun 1, 2021 | MONGEAU CLAUDE (Director) 2,350 shares $282.69 filed Jun 2, 2021 | Open-market buy | 2,350 | $282.69 | $664K | – | Jun 2, 2021 |
| May 24, 2021 | Squires James A (CEO) 10K shares $278.04 filed May 25, 2021 | Discretionary sale | 10K | $278.04 | $2.8M | – | May 25, 2021 |
| May 24, 2021 | Squires James A (CEO) 10K shares $278.12 filed May 25, 2021 | Discretionary sale | 10K | $278.12 | $2.8M | – | May 25, 2021 |
| May 18, 2021 | Squires James A (CEO) 70K shares $282.21 filed May 20, 2021 | Discretionary sale | 70K | $282.21 | $20M | – | May 20, 2021 |
| May 11, 2021 | Allison Clyde H Jr (Officer) 3,700 shares $288.30 filed May 12, 2021 | Discretionary sale | 3,700 | $288.30 | $1.1M | – | May 12, 2021 |
| Feb 19, 2021 | Adams Ann A (Officer) 2,460 shares $255.00 filed Feb 22, 2021 | Discretionary sale | 2,460 | $255.00 | $627K | – | Feb 22, 2021 |
| Feb 1, 2021 | Shaw Alan H. (Officer) 43 shares $239.58 filed Feb 3, 2021 | Discretionary sale | 43 | $239.58 | $10K | – | Feb 3, 2021 |
| Feb 1, 2021 | Adams Ann A (Officer) 1,417 shares $239.00 filed Feb 2, 2021 | Discretionary sale | 1,417 | $239.00 | $339K | – | Feb 2, 2021 |
| Jan 28, 2021 | Adams Ann A (Officer) 227 shares $239.10 filed Feb 1, 2021 | Discretionary sale | 227 | $239.10 | $54K | – | Feb 1, 2021 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
281 Forms 4, 3 years
6 filed late
0 amendments
2 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.