---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-223388"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:29:36.071593+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-223388
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/702165/000119312525223388/0001193125-25-223388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000119312525223388/d44743d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-223388
- JSON: https://secwatch.observer/filing/0001193125-25-223388.json
- Plain text: https://secwatch.observer/filing/0001193125-25-223388.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.