Norfolk Southern NSC Insider Ownership

NYSE NSC

$327.27 +1.45 (+0.45%)

As of: Nov 10, 2026 · 1:03 PM EST

Insider Holdings by Owner

284.54K Shares

James A Squires60.91K21.4%

Clyde H Jr Allison43.43K15.3%

Alan H. Shaw35.05K12.3%

Mark R George22.78K8.0%

Claude Mongeau20.00K7.0%

Other insiders (23)102.37K36.0%

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

0.066%

▲+0.0001% pp QoQ

Shares Held by Insiders

147.14K

filed for Sep 2026

▲+0.09% QoQ

Shares Outstanding

224.62Mn

224,616,686 shares

Direct Holdings

116.74K

Indirect: 30.40K

Net Open-Market Trades

no open-market trades in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Open-Market Insider Trades

Bought Sold

Latest quarter —

Net over range —

Net-buying quarters —

Insider Ownership Summary

Updated Nov 5, 2026

Over the trailing 12 months, NSC insiders bought $527,038 worth of shares (1.85K shares) and sold $253,442 worth (900 shares) in open-market trades.

Behind Norfolk Southern's open-market trades in the past 12 months were 2 insiders buying and one insider selling.
Among Norfolk Southern's insiders, Sameh Fahmy (Director) was the largest open-market buyer over the past 12 months, purchasing $466,901 of stock (1.65K shares), most recently on November 5, 2025.
On the selling side, Anil Bhatt (EVP & CIDO) sold the most Norfolk Southern stock on the open market over the past 12 months, $253,442 (900 shares), most recently on November 19, 2025.
The latest open-market trade in NSC stock by an insider was a purchase of 204 shares for $60,137 by William Clyburn Jr. (Director) on December 5, 2025.
Apart from open-market trades, NSC insiders acquired 27.6K shares through option exercises and conversions and gave up 9.62K shares to cover taxes or exercise prices in the past 12 months.
Business Quant data puts insider holdings in NSC at 115.7K shares across insiders' latest Form 4 filings.
Indirect holdings, through trusts, partnerships, family members and other entities, make up 26.56% (30.73K shares) of Norfolk Southern's insider total, with the other 73.44% (84.97K shares) held directly.
Holdings in Norfolk Southern stock are reported by 15 insiders, the officers, directors and 10% owners who have filed a Form 4 in the past two years.
NSC's three largest insider shareholders, per their latest Form 4 filings, are Claude Mongeau (Director, 34.35K shares), Mark R. George (President & CEO, 22.78K shares) and Sameh Fahmy (Director, 12K shares).
The holding of Claude Mongeau makes up 29.69% of all shares held by Norfolk Southern insiders.
Institutions owned 75.92% of NSC shares as of Q2 2026; insiders' latest Form 4 filings account for about 0.05%, leaving roughly 24.03% with other investors, including the public.
Over the past 12 months, 18 insiders reported transactions in Norfolk Southern stock in 81 Form 4 filings.
These insider figures for Norfolk Southern are based on Form 4 filings through October 26, 2026.

Form 4 Holdings

Insiders Holding NSC

Insiders 28

Shares held 284.54K

Of outstanding 0.127%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	James A Squires	Chairman And Ceo	60,907	0	60,907	21.4%	31 Jan, 2023
2	Clyde H Jr Allison	Vice President And Controller	43,433	0	43,433	15.3%	01 Feb, 2022
3	Alan H. Shaw	President Ceo	35,045	0	35,045	12.3%	30 Sep, 2024
4	Mark R George	President Ceo	22,783	0	22,783	8.0%	15 Sep, 2026
5	Claude Mongeau	Director	0	20,000	20,000	7.0%	31 May, 2024
6	Ann A Adams	Evp Chief Transform. Officer	19,779	0	19,779	7.0%	01 Feb, 2024
7	Sameh Fahmy	Director	12,000	0	12,000	4.2%	06 Nov, 2025
8	John F Orr	Evp Chief Operating Officer	11,363	0	11,363	4.0%	28 Apr, 2026
9	Richard H Anderson	Director	0	7,000	7,000	2.5%	28 Oct, 2025
10	Michael D Lockhart	Director	6,012	0	6,012	2.1%	30 Jan, 2024
11	Thomas D Jr Bell	Director	5,920	0	5,920	2.1%	30 Jan, 2024
12	Steven F Leer	Director	5,220	0	5,220	1.8%	30 Jan, 2024
13	Claiborne L Moore	Vice President Controller	4,970	0	4,970	1.7%	03 Feb, 2026
14	Jason Andrew Zampi	Evp Cfo	4,145	0	4,145	1.5%	03 Feb, 2026
15	Anil Bhatt	Evp Cido	3,960	0	3,960	1.4%	26 Oct, 2026
16	Gilbert H Lamphere	Director	3,647	0	3,647	1.3%	03 Feb, 2026
17	Claude E Elkins	Evp Chief Commercial Officer	3,365	0	3,365	1.2%	03 Feb, 2026
18	Cynthia M Sanborn	Evp Chief Operating Officer	2,791	0	2,791	1.0%	01 Feb, 2022
19	Paul B Duncan	Evp Chief Operating Officer	2,621	0	2,621	0.9%	04 Mar, 2024
20	Lorri J Kleine	Svp Chief Legal Officer	2,563	0	2,563	0.9%	01 Feb, 2022
21	Thomas Colm Kelleher	Director	2,282	0	2,282	0.8%	05 Jun, 2024
22	Nabanita C Nag	Evp Corp Affairs, Clocorp Sec	1,488	0	1,488	0.5%	31 Jul, 2024
23	Brian Barr	Chief Operating Officer	1,354	0	1,354	0.5%	26 Oct, 2026
24	Mitchell E Daniels	Director	720	0	720	0.3%	31 Jan, 2022
25	William Jr. Clyburn	Director	405	0	405	0.1%	08 Dec, 2025
26	Francesca A. Debiase	Director	350	0	350	0.1%	31 Jul, 2024
27	John C Jr Huffard	Director	0	333	333	0.1%	09 Oct, 2026
28	Jennifer F. Scanlon	Director	0	84	84	0.0%	15 Sep, 2022

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

4,763 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
24 Oct, 2026	Anil Bhatt	Evp Cido	Acquired M	3,259	$0.00	$0	5,298	Direct
24 Oct, 2026	Brian Barr	Chief Operating Officer	Acquired M	653	$0.00	$0	1,471	Direct
24 Oct, 2026	Brian Barr	Chief Operating Officer	Disposed F	117	$332.09	$38.85K	1,354	Direct
24 Oct, 2026	Anil Bhatt	Evp Cido	Disposed F	1,338	$332.09	$444.34K	3,960	Direct
24 Oct, 2026	Brian Barr	Chief Operating Officer	Disposed M	653	—	—	3,751	Direct
24 Oct, 2026	Anil Bhatt	Evp Cido	Disposed M	3,259	—	—	8,408	Direct
08 Oct, 2026	John C Jr Huffard	Director	Acquired W	333	$0.00	$0	333	Indirect
30 Sep, 2026	Richard H Anderson	Director	Acquired A	178	$309.00	$55.00K	1,949	Direct
30 Sep, 2026	John C Jr Huffard	Director	Acquired A	172	$309.00	$53.00K	3,307	Direct
13 Sep, 2026	Mark R George	President Ceo	Acquired M	2,653	$0.00	$0	23,818	Direct
13 Sep, 2026	Mark R George	President Ceo	Disposed F	1,035	$323.30	$334.62K	22,783	Direct
13 Sep, 2026	Mark R George	President Ceo	Disposed M	2,653	—	—	29,664	Direct
20 Aug, 2026	Gilbert H Lamphere	Director	Acquired A	2	$347.91	$847	630	Direct
20 Aug, 2026	Richard H Anderson	Director	Acquired A	7	$346.62	$2.38K	1,771	Direct
20 Aug, 2026	Christopher T Jones	Director	Acquired A	20	$347.91	$7.12K	5,295	Direct
20 Aug, 2026	John C Jr Huffard	Director	Acquired A	12	$346.62	$4.22K	3,135	Direct
20 Aug, 2026	Phillip S Davidson	Director	Acquired A	10	$347.91	$3.40K	2,530	Direct
20 Aug, 2026	Francesca A. Debiase	Director	Acquired A	8	$347.91	$2.90K	2,156	Direct
20 Aug, 2026	Mary Kathryn Heitkamp	Director	Acquired A	7	$347.91	$2.47K	1,834	Direct
20 Aug, 2026	William Jr. Clyburn	Director	Acquired A	7	$347.91	$2.47K	1,834	Direct

Showing 1 to 20 of 4,763 transactions