# EDGAR Filing Document

**Accession Number:** 0000702165
**File Stem:** 0001225208-23-000459
**Filing Date:** 2023-1
**Character Count:** 8874
**Document Hash:** 1b0dcb527b18e139110bce7f524c725f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001225208-23-000459.hdr.sgml**: 20230106

**ACCESSION NUMBER**: 0001225208-23-000459

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230101

**FILED AS OF DATE**: 20230106

**DATE AS OF CHANGE**: 20230106

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Duncan Paul B
- **CENTRAL INDEX KEY:** 0001956427

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-08339
- **FILM NUMBER:** 23515801

**MAIL ADDRESS:**
- **STREET 1:** 650 W PEACHTREE ST NW
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30308
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORFOLK SOUTHERN CORP
- **CENTRAL INDEX KEY:** 0000702165
- **STANDARD INDUSTRIAL CLASSIFICATION:** RAILROADS, LINE-HAUL OPERATING [4011]
- **IRS NUMBER:** 521188014
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 650 W PEACHTREE STREET NW
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30308
- **BUSINESS PHONE:** 470-463-6807

**MAIL ADDRESS:**
- **STREET 1:** 650 W PEACHTREE STREET NW
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30308

## Ex-24

```

                                POWER OF ATTORNEY
                     For Executing SEC Forms 3, 4, 5, and 144
                         (and/or other similar reports)

	Know all men by these presents, that I, the undersigned, hereby
constitute and appoint Denise W. Hutson, the Corporate Secretary, and Joseph
C. Wolfe, the Assistant Corporate Secretary, signing singly, my true and
lawful attorney-in-fact to:

	(1)	execute for and on my behalf SEC Forms 3, 4, 5, and 144
(including both amendments thereto and any and all other similar reports,
however hereafter known, designated or identified) ("Report") in accordance
with (a) Section 16(a) of the Securities Exchange Act of 1934 and the rules
thereunder and (b) Rule 144, concerning securities of Norfolk Southern
Corporation;

	(2)	do and perform any and all acts for and on my behalf which
may be necessary or desirable to complete any such Report(s) and to effect
the timely filing of such Report(s) with the United States Securities and
Exchange Commission and with any authority, agency, exchange or other body
as may be required, or thought advisable, by my attorney-in-fact; and

	(3)	take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of my attorney-in-fact, may be of
benefit to, in the best interest of, or legally required of, me, it being
understood that the documents executed by my attorney-in-fact on my behalf
pursuant to this Power of Attorney shall be in such form and shall contain
such terms and conditions as my attorney-in-fact, in her or his sole
discretion, may approve.

	I hereby [1] grant to each and every of my attorneys-in-fact full
power and authority to do and to perform all and every act and thing
whatsoever requisite, necessary and proper to be done in the exercise of
any of the rights and powers herein granted, as fully to all intents and
purposes as I or any such attorney-in-fact might or could do if personally
present, with full power of substitution or revocation, and [2] ratify and
confirm all that any of my attorneys-in-fact, or her or his substitute(s),
lawfully shall do or cause to be done by virtue of this Power of Attorney
and the rights and powers herein granted.  I acknowledge that each and
every of the foregoing attorneys-in-fact, in serving in such capacity at my
request, are not assuming any of my responsibilities to comply with Section
16 of the Securities Exchange Act of 1934 or with Rule 144.

	Unless earlier revoked by me in a signed writing delivered to an
attorney-in-fact, as to each such attorney-in-fact, this Power of Attorney
shall remain in full force and effect (and shall survive, if necessary, my
incapacity and/or death) until I no longer am required to file Report(s)
with the Securities and Exchange Commission with respect to my reportable
beneficial ownership, and any other holdings, of and transactions in
securities of Norfolk Southern Corporation or pursuant to Rule 144.

	IN WITNESS WHEREOF, I have executed this Power of Attorney as of
(date) November 24, 2022.

                               ___/s/ Paul B. Duncan___________
                                               (Signature)

                               __Paul B. Duncan________________
                                           (Printed/Typed Name)

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Duncan Paul B<br><sub>(Last) (First) (Middle)</sub><br>650 W PEACHTREE ST NW<br><sub>(Street)</sub><br>ATLANTA, GA 30308<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>NORFOLK SOUTHERN CORP [ NSC ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2023-01-01 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_EVP & Chief Operating Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock<sup>(1)</sup> | 4.0000 | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Option (right to buy, granted 2022)<sup>(2)</sup> | 2026-10-27 | 2032-10-26 | Common Stock | 270.0000 | $225.0100 | D |  |
| Restricted Stock Units | 2023-04-28 | 2026-01-27 | Common Stock | 750.0000<sup>(3)</sup> | <sup>(4)</sup> | D |  |
| Restricted Stock Units | 2023-04-28 | 2024-03-02 | Common Stock | 3010.0000<sup>(5)</sup> | <sup>(4)</sup> | D |  |
| Restricted Stock Units | 2023-10-27 | 2026-01-27 | Common Stock | 210.0000<sup>(3)</sup> | <sup>(4)</sup> | D |  |

---

### Footnotes:

(1) On November 10, 2022, the Corporation's Board of Directors elected the reporting person to his current position and designated him an "Executive Officer" for purposes of Section 16, effective January 1, 2023. Accordingly, this Form 3 reports the reporting person's direct and indirect holdings of Common Stock and derivative securities on the effective date of his designation.

(2) Employee stock options (right to buy) granted under the Norfolk Southern Corporation Long-Term Incentive Plan.

(3) These Units will vest ratably in four annual installments.

(4) Reports the total number of Restricted Stock Units granted to the reporting person under the terms of the Norfolk Southern Corporation Long-Term Incentive Plan. Each Unit is the economic equivalent of one share of Common Stock. These units will ultimately be satisfied in shares of Norfolk Southern Corporation Common Stock.

(5) These Units will vest ratably in two annual installments.

**Remarks:**
duncanpoa.txt

**Signature:** Denise W. Hutson via P.O.A. for Paul B. Duncan  
**Date:** 2023-01-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**