0000702165 ecd:PnsnAdjsSvcCstMember ecd:PeoMember nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 2024-01-01 2024-12-31 0000702165 ecd:PnsnAdjsPrrSvcCstMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000702165 5 2025-01-01 2025-12-31 0000702165 nsc:AnilBhattMember 2025-12-31 0000702165 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000702165 4 2025-01-01 2025-12-31 0000702165 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 2023-01-01 2023-12-31 0000702165 2 2025-01-01 2025-12-31 0000702165 2025-01-01 2025-12-31 0000702165 ecd:PnsnAdjsPrrSvcCstMember ecd:PeoMember nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 nsc:JohnFOrrMember 2025-12-31 0000702165 nsc:JamesSquiresMember 2022-01-01 2022-12-31 0000702165 nsc:JasonAZampiMember 2025-12-31 0000702165 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 nsc:AlanHShawMember 2023-01-01 2023-12-31 0000702165 nsc:MarkRGeorgeMember 2024-01-01 2024-12-31 0000702165 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000702165 nsc:MarkRGeorgeMember 2025-12-31 0000702165 2021-01-01 2021-12-31 0000702165 nsc:ClaudeEElkinsMember 2025-12-31 0000702165 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 3 2025-01-01 2025-12-31 0000702165 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:PeoMember nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 1 2025-01-01 2025-12-31 0000702165 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000702165 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000702165 ecd:PnsnAdjsSvcCstMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000702165 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000702165 nsc:AlanHShawMember 2024-01-01 2024-12-31 0000702165 nsc:AlanHShawMember 2022-01-01 2022-12-31 0000702165 nsc:JamesSquiresMember 2021-01-01 2021-12-31 0000702165 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000702165 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember nsc:MarkRGeorgeMember 2025-01-01 2025-12-31 0000702165 2022-01-01 2022-12-31 pure shares iso4217:USD iso4217:USD shares false 0000702165 DEF 14A Norfolk Southern Corporation PAY VERSUS PERFORMANCE TABLE AND RELATED DISCLOSURE Tabular Disclosure of Pay Versus Performance <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:2.893%;box-sizing:content-box;"></td> <td style="width:8.343%;box-sizing:content-box;"></td> <td style="width:8.343%;box-sizing:content-box;"></td> <td style="width:8.343%;box-sizing:content-box;"></td> <td style="width:8.525%;box-sizing:content-box;"></td> <td style="width:8.525%;box-sizing:content-box;"></td> <td style="width:8.429%;box-sizing:content-box;"></td> <td style="width:8.726%;box-sizing:content-box;"></td> <td style="width:9.32%;box-sizing:content-box;"></td> <td style="width:7.557%;box-sizing:content-box;"></td> <td style="width:7.998%;box-sizing:content-box;"></td> <td style="width:5.996%;box-sizing:content-box;"></td> <td style="width:7.002%;box-sizing:content-box;"></td> </tr> <tr style="height:6pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td colspan="2" style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #000000;padding-right:0.01in;text-align:left;">Value of Initial Fixed $100 Investment on December 31, 2020 Based On:</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #ffffff03;padding-right:0.01in;text-align:left;"> </td> </tr> <tr style="height:6pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Year</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Summary Compensation Table Total for PEO1<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(1) ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Summary Compensation Table Total for PEO2<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(2) ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Summary Compensation Table Total for PEO3<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(3) ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Compensation Actually Paid to PEO1<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(1),(5) ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Compensation Actually Paid to PEO2<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(2),(5) ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Compensation Actually Paid to PEO3<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(3) ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Average Summary Compensation Table Total for Non-PEO NEOs<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(4) ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Average Compensation Actually Paid to Non-PEO NEOs<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(4),(5) ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Norfolk Southern Total Shareholder Return</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Peer Group Total Shareholder Return<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(6)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">Net Income ($ in Millions)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">After-Tax Return on Average Invested Capital<span style="color:#09273a;top:-2.814pt;white-space:pre-wrap;font-weight:bold;font-size:4.0200000000000005pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;position:relative;font-kerning:none;min-width:fit-content;">(7)</td> </tr> <tr style="height:6pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">16,245,050</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">13,376,591</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">5,442,145</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">4,386,599</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">$135</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">$129</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">2,873</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">11.8%</td> </tr> <tr style="height:6pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">2024</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">8,985,660</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">11,924,070</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">9,134,271</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">(5,709,671)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">5,282,388</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">4,304,294</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">$107</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">$116</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">2,622</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">11.5%</td> </tr> <tr style="height:6pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">2023</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">13,418,978</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">4,077,950</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">3,478,630</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">1,402,195</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">$106</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">$121</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">1,827</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">11.4%</td> </tr> <tr style="height:6pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">2022</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">9,770,910</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">9,615,456</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">10,444,401</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">1,969,194</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">4,239,302</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">4,343,073</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">$107</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">$106</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">3,270</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">14.1%</td> </tr> <tr style="height:6pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">2021</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">14,016,942</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">25,072,294</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">4,059,729</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">5,783,924</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">$127</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">$126</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">3,005</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">12.7%</td> </tr> </table> Notes: <div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(1)<div style="display:inline;">Principal executive officer (PEO)1: Mark R. George, President & Chief Executive Officer </div></div><div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(2)<div style="display:inline;">PEO2: Alan H. Shaw, Former President & Chief Executive Officer </div></div><div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(3)<div style="display:inline;">PEO3: James Squires, Former Chairman, President, & Chief Executive Officer </div></div><div><div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(4)<div style="display:inline;">The following non-PEO named executive officers (NEOs) are reflected in the averages: For 2025, Mr. Zampi, Mr. Orr, Mr. Bhatt, and Mr. Elkins. For 2024, Mr. Zampi, Mr. Orr, Mr. Duncan, Mr. Bhatt, and Mr. Elkins. For 2023, Mr. George, Mr. Duncan, Ms. Adams, and Mr. Elkins. For 2022, Mr. George, Ms. Sanborn, Ms. Adams, and Mr. Elkins. For 2021, Mr. Shaw, Mr. George, Ms. Sanborn, and Ms. Adams. </div></div></div><div style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;"><div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(5)<div style="display:inline;">To calculate 2025 compensation actually paid, the following amounts were deducted from and added to Summary Compensation Table total compensation: </div></div> Summary Compensation Table to Compensation Actually Paid Reconciliation <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:80.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:35.666%;box-sizing:content-box;"></td> <td style="width:14.234%;box-sizing:content-box;"></td> <td style="width:2.519%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:1.439%;box-sizing:content-box;"></td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">PEO1 Mark R. George</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #ffffff03;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">Average of Non-PEO Named Executive Officers</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td colspan="3" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Components of Compensation</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Summary Compensation Table (SCT) Total</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">16,245,050</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">5,442,145</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Deductions From SCT Total</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Stock Awards and Option Awards Value</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">11,499,743</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">2,793,743</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Change in Pension Value and Nonqualified Deferred Compensation Earnings</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">511,140</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">727,476</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Additions to SCT Total (i)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Year-End Fair Value of Equity Awards Granted During the Year</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">7,480,848</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">1,817,340</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Change in Value During the Year of Prior-Year Awards Remaining Unvested</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">718,600</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">444,466</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Change in Value During the Year of Prior-Year Awards Vesting During the Year</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">298,170</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">44,838</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Dividend Equivalent Payments Made on Unvested Awards</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">473,472</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">118,925</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Current-Year Pension Service Cost</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">171,334</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">40,104</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Value of Changes in Pension Plan</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">0</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">0</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Compensation Actually Paid</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">13,376,591</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">4,386,599</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> </table> <div class="item-list-element-wrapper" style="margin-left:0.8in;display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;"><span style="color:#09273a;white-space:pre-wrap;font-size:8pt;font-family:ITCFranklinGothic LT Pro Bk;font-kerning:none;min-width:3.101184722253445%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">(i)<div style="display:inline;">Amounts were calculated in accordance with the SEC methodology for determining compensation actually paid for each year shown. Fair values for equity awards were determined as of each measurement date using valuation methodologies and assumptions consistent with those used to estimate fair value at grant under US GAAP. The valuation assumptions used to estimate the year-end fair value of performance share units (PSUs) differed from those used for grant-date estimates in that they took into account the most recent estimated earnout percentage of the awards at each year end, and updated Monte Carlo simulations of relative total shareholder returns for Norfolk Southern and the relevant peer companies; and the vesting-date value of PSUs was calculated using the actual earnout percentage for the performance period. Year-end and vesting-date valuations of outstanding stock options used a shorter expected option term than the 6.5 years used for grant-date fair values to take into account the passage of time, and used updated risk-free interest rates to reflect changes in market interest rates between the grant date and the valuation dates. Both the year-end and vesting date valuations of PSUs, stock options and restricted stock units used current share prices as of each valuation date, rather than the grant-date share price.</div></div></div> <div><div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(6)<div style="display:inline;">The peer group total shareholder return calculations are based on the Standard & Poor’s (S&P) Railroad Stock Price Index. </div></div></div><div><div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(7)<div style="display:inline;">After-tax ROAIC used here is a non-GAAP financial measure and is calculated by dividing Norfolk Southern’s net operating profit after-tax (defined as net income excluding interest expense, taxes on interest, and interest on operating lease liabilities, and adjusted for the effect of capitalizing </div></div></div><div style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;"><div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;"><span style="color:#09273a;white-space:pre-wrap;font-size:8pt;font-family:ITCFranklinGothic LT Pro Bk;font-kerning:none;min-width:2.759%;visibility:hidden;word-break:keep-all;display:inline-flex;justify-content:flex-start;"><div style="display:inline;">Norfolk Southern’s operating lease obligations) by the average invested capital (defined as the average of the current and prior year-end shareholders’ equity and total debt balances, which is then adjusted for the effect of capitalizing Norfolk Southern’s operating lease obligations). 2025 ROAIC includes the cost of the East Palestine incident net of insurance recoveries, and excludes the effects of restructuring and merger costs, and the acquisition of the Cincinnati Southern Railway. </div></div></div> 16245050 13376591 5442145 4386599 135 129

2873000000

0.118 8985660 11924070 9134271 -5709671 5282388 4304294 107 116

2622000000

0.115 13418978 4077950 3478630 1402195 106 121

1827000000

0.114 9770910 9615456 10444401 1969194 4239302 4343073 107 106

3270000000

0.141 14016942 25072294 4059729 5783924 127 126

3005000000

0.127 Mark R. George Mark R. George Alan H. Shaw Alan H. Shaw Alan H. Shaw James Squires James Squires <div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(4)<div style="display:inline;">The following non-PEO named executive officers (NEOs) are reflected in the averages: For 2025, Mr. Zampi, Mr. Orr, Mr. Bhatt, and Mr. Elkins. For 2024, Mr. Zampi, Mr. Orr, Mr. Duncan, Mr. Bhatt, and Mr. Elkins. For 2023, Mr. George, Mr. Duncan, Ms. Adams, and Mr. Elkins. For 2022, Mr. George, Ms. Sanborn, Ms. Adams, and Mr. Elkins. For 2021, Mr. Shaw, Mr. George, Ms. Sanborn, and Ms. Adams. </div></div> <div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(5)<div style="display:inline;">To calculate 2025 compensation actually paid, the following amounts were deducted from and added to Summary Compensation Table total compensation: </div></div> Summary Compensation Table to Compensation Actually Paid Reconciliation <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:80.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:35.666%;box-sizing:content-box;"></td> <td style="width:14.234%;box-sizing:content-box;"></td> <td style="width:2.519%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:1.439%;box-sizing:content-box;"></td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">PEO1 Mark R. George</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #ffffff03;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">Average of Non-PEO Named Executive Officers</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td colspan="3" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Components of Compensation</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Summary Compensation Table (SCT) Total</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">16,245,050</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">5,442,145</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Deductions From SCT Total</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Stock Awards and Option Awards Value</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">11,499,743</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">2,793,743</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Change in Pension Value and Nonqualified Deferred Compensation Earnings</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">511,140</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">727,476</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Additions to SCT Total (i)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Year-End Fair Value of Equity Awards Granted During the Year</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">7,480,848</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">1,817,340</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Change in Value During the Year of Prior-Year Awards Remaining Unvested</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">718,600</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">444,466</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Change in Value During the Year of Prior-Year Awards Vesting During the Year</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">298,170</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">44,838</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Dividend Equivalent Payments Made on Unvested Awards</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">473,472</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">118,925</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Current-Year Pension Service Cost</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">171,334</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">40,104</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Value of Changes in Pension Plan</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">0</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">0</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Compensation Actually Paid</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">13,376,591</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">4,386,599</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> </table> <div class="item-list-element-wrapper" style="margin-left:0.8in;display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;"><span style="color:#09273a;white-space:pre-wrap;font-size:8pt;font-family:ITCFranklinGothic LT Pro Bk;font-kerning:none;min-width:3.101184722253445%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">(i)<div style="display:inline;">Amounts were calculated in accordance with the SEC methodology for determining compensation actually paid for each year shown. Fair values for equity awards were determined as of each measurement date using valuation methodologies and assumptions consistent with those used to estimate fair value at grant under US GAAP. The valuation assumptions used to estimate the year-end fair value of performance share units (PSUs) differed from those used for grant-date estimates in that they took into account the most recent estimated earnout percentage of the awards at each year end, and updated Monte Carlo simulations of relative total shareholder returns for Norfolk Southern and the relevant peer companies; and the vesting-date value of PSUs was calculated using the actual earnout percentage for the performance period. Year-end and vesting-date valuations of outstanding stock options used a shorter expected option term than the 6.5 years used for grant-date fair values to take into account the passage of time, and used updated risk-free interest rates to reflect changes in market interest rates between the grant date and the valuation dates. Both the year-end and vesting date valuations of PSUs, stock options and restricted stock units used current share prices as of each valuation date, rather than the grant-date share price.</div></div> <div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(5)<div style="display:inline;">To calculate 2025 compensation actually paid, the following amounts were deducted from and added to Summary Compensation Table total compensation: </div></div> Summary Compensation Table to Compensation Actually Paid Reconciliation <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:80.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:35.666%;box-sizing:content-box;"></td> <td style="width:14.234%;box-sizing:content-box;"></td> <td style="width:2.519%;box-sizing:content-box;"></td> <td style="width:11.535%;box-sizing:content-box;"></td> <td style="width:1.439%;box-sizing:content-box;"></td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">PEO1 Mark R. George</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #ffffff03;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">Average of Non-PEO Named Executive Officers</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td colspan="3" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Components of Compensation</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Summary Compensation Table (SCT) Total</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">16,245,050</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">5,442,145</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Deductions From SCT Total</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Stock Awards and Option Awards Value</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">11,499,743</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">2,793,743</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Change in Pension Value and Nonqualified Deferred Compensation Earnings</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">511,140</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">727,476</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Additions to SCT Total (i)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Year-End Fair Value of Equity Awards Granted During the Year</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">7,480,848</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">1,817,340</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Change in Value During the Year of Prior-Year Awards Remaining Unvested</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">718,600</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">444,466</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Change in Value During the Year of Prior-Year Awards Vesting During the Year</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">298,170</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">44,838</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Dividend Equivalent Payments Made on Unvested Awards</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">473,472</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">118,925</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;">Current-Year Pension Service Cost</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">171,334</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;">40,104</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:10pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;">Value of Changes in Pension Plan</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">0</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;">0</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #0c4865;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td colspan="4" style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Compensation Actually Paid</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">13,376,591</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"><span style="font-size:8pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;color:#09273a;white-space:pre-wrap;font-weight:bold;font-size:8pt;font-family:'ITC Franklin Gothic LT Pro',sans-serif;font-kerning:none;min-width:fit-content;">4,386,599</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> </table> <div class="item-list-element-wrapper" style="margin-left:0.8in;display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;"><span style="color:#09273a;white-space:pre-wrap;font-size:8pt;font-family:ITCFranklinGothic LT Pro Bk;font-kerning:none;min-width:3.101184722253445%;word-break:keep-all;display:inline-flex;justify-content:flex-start;">(i)<div style="display:inline;">Amounts were calculated in accordance with the SEC methodology for determining compensation actually paid for each year shown. Fair values for equity awards were determined as of each measurement date using valuation methodologies and assumptions consistent with those used to estimate fair value at grant under US GAAP. The valuation assumptions used to estimate the year-end fair value of performance share units (PSUs) differed from those used for grant-date estimates in that they took into account the most recent estimated earnout percentage of the awards at each year end, and updated Monte Carlo simulations of relative total shareholder returns for Norfolk Southern and the relevant peer companies; and the vesting-date value of PSUs was calculated using the actual earnout percentage for the performance period. Year-end and vesting-date valuations of outstanding stock options used a shorter expected option term than the 6.5 years used for grant-date fair values to take into account the passage of time, and used updated risk-free interest rates to reflect changes in market interest rates between the grant date and the valuation dates. Both the year-end and vesting date valuations of PSUs, stock options and restricted stock units used current share prices as of each valuation date, rather than the grant-date share price.</div></div> 16245050 5442145 -11499743 -2793743 -511140 -727476 7480848 1817340 718600 444466 298170 44838 473472 118925 171334 40104 0 0 13376591 4386599 <div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(6)<div style="display:inline;">The peer group total shareholder return calculations are based on the Standard & Poor’s (S&P) Railroad Stock Price Index. </div></div> <div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;">(7)<div style="display:inline;">After-tax ROAIC used here is a non-GAAP financial measure and is calculated by dividing Norfolk Southern’s net operating profit after-tax (defined as net income excluding interest expense, taxes on interest, and interest on operating lease liabilities, and adjusted for the effect of capitalizing </div></div><div class="item-list-element-wrapper" style="display:flex;margin-top:4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.2in;text-align:left;"><span style="color:#09273a;white-space:pre-wrap;font-size:8pt;font-family:ITCFranklinGothic LT Pro Bk;font-kerning:none;min-width:2.759%;visibility:hidden;word-break:keep-all;display:inline-flex;justify-content:flex-start;"><div style="display:inline;">Norfolk Southern’s operating lease obligations) by the average invested capital (defined as the average of the current and prior year-end shareholders’ equity and total debt balances, which is then adjusted for the effect of capitalizing Norfolk Southern’s operating lease obligations). 2025 ROAIC includes the cost of the East Palestine incident net of insurance recoveries, and excludes the effects of restructuring and merger costs, and the acquisition of the Cincinnati Southern Railway. </div></div> After-tax ROAIC Most Important Performance Measures to Determine Compensation Actually Paid The five items listed below represent the most important performance measures we used to determine compensation actually paid to our named executive officers in 2025, as described in the Compensation Discussion and Analysis (CD&A) sections titled “2025 Annual Incentives” on page 58 and “Long-Term Incentive Awards” on page 61. <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:auto;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:7.25in;box-sizing:content-box;"></td> </tr> <tr style="height:5.75pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;"> </td> </tr> <tr style="height:9pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0.028in;border-bottom:2.25pt solid #fc1c05;padding-right:0.01in;">Most Important Performance Measures</td> </tr> <tr style="height:7.2pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;"> </td> </tr> <tr style="height:9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0.083in;border-bottom:0.75pt solid #073a6b;padding-right:0.01in;">After-tax ROAIC</td> </tr> <tr style="height:7.2pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;"> </td> </tr> <tr style="height:9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0.083in;border-bottom:0.75pt solid #073a6b;padding-right:0.01in;">Operating Ratio</td> </tr> <tr style="height:7.2pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;"> </td> </tr> <tr style="height:9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0.083in;border-bottom:0.75pt solid #073a6b;padding-right:0.01in;">Operating income</td> </tr> <tr style="height:7.2pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;"> </td> </tr> <tr style="height:9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0.083in;border-bottom:0.75pt solid #073a6b;padding-right:0.01in;">Annual revenue</td> </tr> <tr style="height:7.2pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;padding-right:0.01in;"> </td> </tr> <tr style="height:9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0.083in;border-bottom:2.25pt solid #fc1c05;padding-right:0.01in;">Total shareholder return</td> </tr> </table> After-tax ROAIC Operating Ratio Operating income Annual revenue Total shareholder return 1. Compensation Actually Paid Compared to TSR As shown in the chart below, compensation actually paid (CAP) to the PEOs and the non-PEO NEOs is aligned with total shareholder return on Norfolk Southern's stock. This is primarily because the majority of compensation to the named executive officers is in the form of long-term, stock-based incentives which are tied directly to stock price, as described in the CD&A report. Norfolk Southern’s total shareholder return (TSR) was aligned with the peer group for 2021 and 2022, declined somewhat in 2023 due largely to the effects of the East Palestine derailment, and compared favorably to the peer group in 2024 and 2025 based on improved business performance. CAP to all NEOs declined in 2023 and CAP to non-CEO NEOs increased in 2024, aligned with relative TSR performance. CAP for 2024 to Mr. Shaw was negative due to the forfeiture of his annual incentive payment and all unvested equity awards as a result of his termination for Cause. CAP to Mr. George increased in 2025 largely because 2025 was the first full year for which he served as PEO. CAP to the non-PEO NEOs was relatively constant from 2024 to 2025 due to decreases in the value of stock awards to some of these executives from 2024 to 2025.<img alt="img82612908_168.jpg" src="img82612908_168.jpg" style="width:536px;height:291px;"/> 1. Compensation Actually Paid Compared to TSR As shown in the chart below, compensation actually paid (CAP) to the PEOs and the non-PEO NEOs is aligned with total shareholder return on Norfolk Southern's stock. This is primarily because the majority of compensation to the named executive officers is in the form of long-term, stock-based incentives which are tied directly to stock price, as described in the CD&A report. Norfolk Southern’s total shareholder return (TSR) was aligned with the peer group for 2021 and 2022, declined somewhat in 2023 due largely to the effects of the East Palestine derailment, and compared favorably to the peer group in 2024 and 2025 based on improved business performance. CAP to all NEOs declined in 2023 and CAP to non-CEO NEOs increased in 2024, aligned with relative TSR performance. CAP for 2024 to Mr. Shaw was negative due to the forfeiture of his annual incentive payment and all unvested equity awards as a result of his termination for Cause. CAP to Mr. George increased in 2025 largely because 2025 was the first full year for which he served as PEO. CAP to the non-PEO NEOs was relatively constant from 2024 to 2025 due to decreases in the value of stock awards to some of these executives from 2024 to 2025.<img alt="img82612908_168.jpg" src="img82612908_168.jpg" style="width:536px;height:291px;"/> 2. Compensation Actually Paid Compared to Net Income As shown in the chart below, CAP to the PEOs and other NEOs is generally, but not directly, aligned with net income. This is primarily because the majority of compensation to the named executive officers is in the form of long-term, stock-based incentives which are sensitive to changes in stock price. Compensation to our named executive officers is not tied directly to net income, although annual incentive awards are partially based on operating income. <img alt="img82612908_169.jpg" src="img82612908_169.jpg" style="width:538px;height:303px;"/> 3. Compensation Actually Paid Compared to After-Tax ROAIC As described in the CD&A report, ROAIC is the primary performance measure that determines the number of shares earned under our performance share unit (PSU) awards, and 50% or more of our named executive officers' long-term incentive awards are made in PSUs. Because of ROAIC’s impact on the number of PSU awards earned, we believe that after-tax ROAIC is the most important financial performance measure used in determining CAP to our named executive officers. As required by SEC guidance, we are presenting our one-year ROAIC for each listed year, rather than our three-year average ROAIC. As shown in the chart below, Norfolk Southern’s annual after-tax ROAIC increased from 2021 to 2022, declined for 2023, and increased somewhat in 2024 and 2025. CAP to the PEOs and other NEOs is generally aligned with this performance measure. However, because the majority of compensation to the named executive officers is in the form of stock-based incentives, total shareholder return has a more significant effect on CAP. <img alt="img82612908_170.jpg" src="img82612908_170.jpg" style="width:539px;height:304px;"/> true SHARE REPURCHASES AND EXECUTIVE COMPENSATION We view share repurchases as another way of returning profits to shareholders in addition to regular dividends. We purchased and retired 2.2 million shares at a cost of $533 million during the first half of 2025. However, such activity had no resulting impact on 2025 executive compensation. In addition, we have suspended our share repurchase program in connection with our entry into the merger agreement with Union Pacific. Even if share repurchase activity occurs again, as part of our balanced capital allocation strategy, its impact on executive compensation is minimal and any risk is already sufficiently guarded against by strong existing oversight. In consultation with our CFO, the Audit and Finance Committee oversees our capital structure, including recommending for approval by the Board any share repurchase activity. The priority of our capital allocation is to invest in capital projects to maintain safe operations and also to drive future growth and capacity of the railroad. We annually reinvest in the business, with over half of our capital spend each year dedicated to maintaining safe operations. It is only the surplus cash/liquidity remaining after reinvesting in our operations that we distribute to shareholders. The first method of shareholder distribution is via our regular quarterly dividend. When there is additional cash/liquidity available to shareholders, which again varies depending on the economic environment, we may elect to distribute a portion to shareholders in the form of share repurchases. This blended approach is an important part of our capital allocation strategy, consistent with market practice, and attractive to our shareholders. That said, we do not believe that our share repurchase activity meaningfully impacts our executive compensation outcomes, primarily because one of the metrics that would be aided by such activity, earnings per share, is not a metric that we currently use in our executive compensation program. As previously noted, the Committee has significant oversight of our executive compensation program, including the authority to exercise negative discretion to reduce the payouts under the applicable incentive award program, including if the Committee determines that executive compensation does not align with our shareholders’ interests, as evidenced when the Committee exercised its negative discretion in early 2024 to reduce annual incentive payments to our former President & CEO and our Executive Vice Presidents to zero. Accordingly, the Board believes our current governance structure provides appropriate oversight of both capital allocation decisions and executive compensation, ensuring that share repurchases serve the interests of shareholders while maintaining the integrity of our compensation framework. Consistent with this practice, during the first quarter of fiscal 2025, the Committee awarded options to our NEOs on January 30, 2025, one full trading day after the Company released earnings and held its quarterly earnings call, which in the Company’ view, included all material nonpublic information for the prior period. As a result, in the Company’s view, the Committee did not grant options during the period beginning four business days before our filing of a periodic report on Form 10-K or Form 10-Q or the filing or furnishing of a current report on Form 8-K that disclosed material nonpublic information, and ending one business day after the filing or furnishing of such report (the “Designated Periods”). Notwithstanding the foregoing, we are providing the following information relating to options awarded to our NEOs on January 30, 2025, which was one business day after we filed a press release with our fourth quarter and full year financial results: <div style="font-size:17pt;font-family:'ITCFranklinGothic LT Pro Bk',sans-serif;"> <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:15.611%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:11.853%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:11.853%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:11.853%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:11.853%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:29.182%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> </tr> <tr style="background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:2pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;">Name</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Grant Date</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Number of Securities Underlying the Award (#)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Exercise Price of the Award ($/Sh)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Grant Date Fair Value of the Award ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following the Disclosure of Material Nonpublic Information</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:2pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;">Mark R. George</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">26,337</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">2,300,010</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;">Jason A. Zampi</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">5,954</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">519,963</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;">John F. Orr</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">7,099</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">619,956</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;">Claude E. Elkins</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">6,870</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">599,957</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Anil Bhatt</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">5,668</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">494,986</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> </table></div> we are providing the following information relating to options awarded to our NEOs on January 30, 2025, which was one business day after we filed a press release with our fourth quarter and full year financial results: <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:15.611%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:11.853%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:11.853%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:11.853%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:11.853%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> <td style="width:29.182%;box-sizing:content-box;"></td> <td style="width:1.299%;box-sizing:content-box;"></td> </tr> <tr style="background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:2pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:8pt;background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:5pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;">Name</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Grant Date</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Number of Securities Underlying the Award (#)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Exercise Price of the Award ($/Sh)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Grant Date Fair Value of the Award ($)</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;">Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following the Disclosure of Material Nonpublic Information</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="background-color:#eae9e3;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:2pt;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;">Mark R. George</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">26,337</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">2,300,010</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;">Jason A. Zampi</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">5,954</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">519,963</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;">John F. Orr</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">7,099</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">619,956</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;">Claude E. Elkins</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">6,870</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">599,957</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #09273a;padding-right:0.01in;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;text-indent:7pt;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;">Anil Bhatt</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">1/30/2025</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">5,668</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">257.26</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">494,986</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:bottom;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:left;"> </td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;">1.93%</td> <td style="padding-top:0.01in;padding-left:0in;vertical-align:middle;padding-bottom:0in;border-bottom:2.25pt solid #e83d30;padding-right:0.01in;text-align:center;"> </td> </tr> </table> Mark R. George 26337 257.26 2300010 1.93 Jason A. Zampi 5954 257.26 519963 1.93 John F. Orr 7099 257.26 619956 1.93 Claude E. Elkins 6870 257.26 599957 1.93 Anil Bhatt 5668 257.26 494986 1.93