Norfolk Southern (NSC) insider buying and selling
Every Table I transaction reported by directors and officers of S&P 500 companies on SEC Form 4 filings (2 business days to file): each row labeled with its official transaction code, nothing filtered out beforehand.
Open-market purchases (code P) are the rare signal, in green; sales (code S) are common and often pre-scheduled (10b5-1). Table II (derivatives) is not included: its prices are exercise prices, not market values. Guide: insider buying.
| Date | Ticker | Insider | Role | Shares | Price | Amount | % of stake | Type / filing |
|---|
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Norfolk Southern Corporation (NSC) insider buying and selling: 3 purchases, 1 sale
44 Form 4 Table I transactions filed with the SEC by Norfolk Southern Corporation insiders between 2025-09-16 and 2026-10-09 (15-month history): 3 open-market purchases and 1 sale, plus 40 transactions under other Form 4 codes, broken down one by one below. The largest open-market trade is a purchase of $733k by Anderson Richard H on 2025-10-27.
Norfolk Southern insider buying and selling over the last 12 months
Between Oct 21, 2025 and Oct 20, 2026, Norfolk Southern insiders filed 3 purchases worth $1.3M and 1 sale worth $253k on the open market. The net balance is on the buy side: $1.0M more bought than sold.
The biggest buyer was Anderson Richard H (Director): $733k in 1 purchase, out of 3 different buyers. The biggest seller was Bhatt Anil (EVP & CIDO): $253k in 1 sale, the only seller.
The largest trade of the period was a purchase of $733k on Oct 27, 2025, by Anderson Richard H (Director). Form 4 on sec.gov (0001225208-25-008748).
The only sale does not carry the 10b5-1 plan flag on the Form 4 (sales scheduled months ahead).
The latest purchase is from Dec 5, 2025; the latest sale from Nov 19, 2025.
Against its sector (Industrials, 75 companies with an insider page on this site), over the same dates the median is 8 sales and 0 purchases on the open market. Norfolk Southern has more sales than 1 of the other 74, ranks 3 of 75 by net dollars bought, and 28 of the 75 have at least one purchase, Norfolk Southern included.
The 20 most important trades
The 3 open-market purchases first, then the rest, each type from largest to smallest. The full history is in the tool above, already searched.
See all 44 NSC trades in the full history →
| Trade date | Filed | Insider | Role | Amount | Code | Filing |
|---|---|---|---|---|---|---|
| 2025-10-27 | 2025-10-28 | Anderson Richard H | Director | $733k | P — Open-market purchase Indirect holding, through: By the Anderson Revocable Trust | SEC |
| 2025-11-05 | 2025-11-06 | Fahmy Sameh | Director | $467k | P — Open-market purchase | SEC |
| 2025-12-05 | 2025-12-08 | Clyburn William Jr. | Director | $60k | P — Open-market purchase | SEC |
| 2025-11-19 | 2025-11-20 | Bhatt Anil | EVP & CIDO | $253k | S — Open-market saleForm 4 footnoteF1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.55 to $281.61, inclusive. The reporting person undertakes to provide to Norfolk Southern Corporation, any security holder of Norfolk Southern Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. | SEC |
| 2026-04-26 | 2026-04-28 | Orr John F | EVP & Chief Operating Officer | $1.0M | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-30 | 2026-02-03 | George Mark R | President & CEO | $418k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-09-13 | 2026-09-15 | George Mark R | President & CEO | $335k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2025-10-24 | 2025-10-27 | Bhatt Anil | EVP & CIDO | $329k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2025-09-13 | 2025-09-16 | George Mark R | President & CEO | $286k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-30 | 2026-02-03 | Orr John F | EVP & Chief Operating Officer | $119k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-30 | 2026-02-03 | Elkins Claude E | EVP & Chief Commercial Officer | $103k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-27 | 2026-01-28 | George Mark R | President & CEO | $88k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-30 | 2026-02-03 | Zampi Jason Andrew | EVP & CFO | $85k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-26 | 2026-01-28 | George Mark R | President & CEO | $71k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-30 | 2026-02-03 | Bhatt Anil | EVP & CIDO | $68k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-30 | 2026-02-03 | Moore Claiborne L | Vice President & Controller | $53k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-26 | 2026-01-28 | Elkins Claude E | EVP & Chief Commercial Officer | $41k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-27 | 2026-01-28 | Elkins Claude E | EVP & Chief Commercial Officer | $41k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-27 | 2026-01-28 | Moore Claiborne L | Vice President & Controller | $20k | F — Tax withholding (shares surrendered for taxes) | SEC |
| 2026-01-26 | 2026-01-28 | Zampi Jason Andrew | EVP & CFO | $20k | F — Tax withholding (shares surrendered for taxes) | SEC |
The period balance: money in, money out
Across the Form 4 filings submitted between Sep 16, 2025 and Oct 9, 2026, Norfolk Southern Corporation open-market activity adds up to 3 purchases worth $1.3M and 1 sale worth $253k. The net balance is $1.0M on the buy side.
Only codes P and S count, where an insider puts in or takes out their own money. A buying balance like Norfolk Southern Corporation's is the less common case in the S&P 500: its insiders are already paid in stock and still put in their own money. It is not a recommendation to buy or sell: it is what was filed.
Every transaction, code by code
| Code | What it means | Trades | Reported amount |
|---|---|---|---|
| M | Option exercise | 20 | $0 |
| F | Tax withholding (shares surrendered for taxes) | 19 | $3.2M |
| P | Open-market purchase | 3 | $1.3M |
| S | Open-market sale | 1 | $253k |
| W | Acquisition or disposition by will | 1 | $0 |
| Total | Everything filed in the period | 44 | $4.7M |
21 of the 44 rows carry no usable amount on the Form 4: they count as trades and add $0. The code labels come from the SEC index.
Who has traded
Over the 15 months of history, 11 distinct people or entities have filed Norfolk Southern Corporation transactions: 3 bought on the open market and 1 sold. Counted by CIK, the fixed number the SEC gives each filer, and not by name, which each filer types their own way.
| Filer | Role | Transactions | Bought (count) | Sold (count) | Last filed |
|---|---|---|---|---|---|
| Anderson Richard H | Director | 1 | $733k (1) | — | 2025-10-28 |
| Fahmy Sameh | Director | 1 | $467k (1) | — | 2025-11-06 |
| Bhatt Anil | EVP & CIDO | 5 | — | $253k (1) | 2026-02-03 |
| Clyburn William Jr. | Director | 1 | $60k (1) | — | 2025-12-08 |
| George Mark R | President & CEO | 10 | — | — | 2026-09-15 |
| Zampi Jason Andrew | EVP & CFO | 8 | — | — | 2026-02-03 |
| Elkins Claude E | EVP & Chief Commercial Officer | 6 | — | — | 2026-02-03 |
| Moore Claiborne L | Vice President & Controller | 6 | — | — | 2026-02-03 |
Shown here are the 8 who moved the most money, out of 11. The rest are in the full history, one link above. The name links to all their trades, in any company. "Transactions" counts any code; the money, open market only. Role: from their latest filing.
Month by month
By the month the trade was executed, not the month it was filed; months with no trades show zero. The busiest month was Nov 2025: 1 purchase and 1 sale, worth $720k. 12 of the 15 months have none.
| Month | Purchases | Amount | Sales | Amount |
|---|---|---|---|---|
| Aug 2025 | 0 | $0 | 0 | $0 |
| Sep 2025 | 0 | $0 | 0 | $0 |
| Oct 2025 | 1 | $733k | 0 | $0 |
| Nov 2025 | 1 | $467k | 1 | $253k |
| Dec 2025 | 1 | $60k | 0 | $0 |
| Jan 2026 | 0 | $0 | 0 | $0 |
| Feb 2026 | 0 | $0 | 0 | $0 |
| Mar 2026 | 0 | $0 | 0 | $0 |
| Apr 2026 | 0 | $0 | 0 | $0 |
| May 2026 | 0 | $0 | 0 | $0 |
| Jun 2026 | 0 | $0 | 0 | $0 |
| Jul 2026 | 0 | $0 | 0 | $0 |
| Aug 2026 | 0 | $0 | 0 | $0 |
| Sep 2026 | 0 | $0 | 0 | $0 |
| Oct 2026 | 0 | $0 | 0 | $0 |
The last month may be partial: a Form 4 is filed up to two business days later. The table does not say whether the pattern is good or bad; it says when it happened.
Norfolk Southern Corporation (NSC) analysis page →
Other Industrials companies with insider trades
All 500 are listed in the section index →
Which insiders are buying their own company stock →
How to read this data
None of the 1 sale in the table is flagged as scheduled (10b5-1 plan), the kind signed months ahead and executed automatically. Norfolk Southern's 3 open-market purchases (code P) are the rare signal: insiders are already paid in stock, so buying more means putting in their own money. The latest filing is from Oct 9, 2026, and a Form 4 arrives up to two business days after the trade.
1 of the 20 rows in the table carry footnotes from the Form 4 itself, folded into the code column and copied verbatim; a row with no footnote means the filing has none.
Guide: Insider buying · all guides
What is behind these trades
The concepts on this page, explained from scratch in the Academy. Free, no account.
- What the efficiency hypothesis says and what it does NOT sayIf an insider's purchase is public and anyone can read it, is there any information left in it? That is the exact question that brings people here.
- Who really moves the market: the types of investorWho sits on the other side of each order, and where a company's own insiders fit among them.
- Supply, demand and price: why it rises and falls constantlyHow a piece of news ends up inside the price, and why the reaction to a filed sale is rarely the one you would expect.
Source: SEC EDGAR Form 4. This is a list of public facts, not financial advice or a recommendation to buy or sell.