Norfolk Southern awards $13.25M retention bonuses to five NEOs for merger stability

NORFOLK SOUTHERN CORP

CEO Mark R. George receives $4M; CFO Jason A. Zampi $2.25M; John F. Orr $3M; Claude E. Elkins $2M; Anil Bhatt $2M.
Awards vest 25% on Apr 28, 2026, 25% on Jan 28, 2027, and 50% upon closing of Union Pacific merger.
Program adopted July 28, 2025 alongside merger agreement; awards approved Sept 23, 2025.
Full forfeiture if executive leaves before vesting; accelerated vesting on certain terminations without cause or post-close qualifying termination.

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