In a recent filing, John C. Huffard Jr. disclosed the acquisition of 171.52 deferred stock units in Norfolk Southern Corporation. This transaction, dated September 30, 2026, reflects Huffard's ongoing commitment to the company and its future prospects.
Norfolk Southern Corporation, a key player in the railroad industry, operates under the SIC classification of Railroads, Line-Haul Operating. The company is headquartered in Atlanta, Georgia, and is listed under the ticker symbol NSC.
The filing indicates that Huffard's acquisition was part of the Directors' Deferred Fee Plan, which allows for the deferral of quarterly fees based on the closing market value of the company's common stock. Following this transaction, Huffard now holds a total of 3,306.58 shares in Norfolk Southern.
This update may influence stakeholders, including investors and analysts, who are monitoring the railroad sector's performance amid changing market conditions. The filing does not specify any immediate next steps following this acquisition.
Details of the Transaction
The deferred stock units acquired by Huffard were credited to his account under the Norfolk Southern Corporation Directors' Deferred Fee Plan. This plan allows directors to defer their quarterly fees based on the closing market value of the company's common stock, calculated on the last trading day of each quarter. Notably, these deferred stock units will ultimately be satisfied in cash rather than in shares of common stock upon Huffard's retirement or at another elected time as per the plan's terms.
The transaction price per share for the deferred stock units was reported at $309.00, reflecting the value of the units at the time of the transaction. This acquisition adds to Huffard's total holdings, bringing his total shares in Norfolk Southern to 3,306.58.
Company Information
Norfolk Southern Corporation, incorporated in Virginia, is a major player in the transportation sector, particularly in railroads, with a fiscal year ending on December 31. The company operates from its headquarters located at 650 W Peachtree Street NW, Atlanta, Georgia. The business phone for Norfolk Southern is 470-463-6807.
"The filing does not include any information regarding future plans or strategies for Norfolk Southern Corporation following this acquisition by Huffard."