What is the primary purpose of the RSU award granted to Marta R. Stewart?

The primary purpose of the award is to serve as a retention incentive, encouraging Ms. Stewart, the Executive Vice President Finance and Chief Financial Officer, to remain with Norfolk Southern Corporation through a specified period.

What are the vesting conditions for Ms. Stewart's RSUs?

The RSUs generally vest on January 26, 2020, provided Ms. Stewart remains in active employment until September 30, 2018. The award will not be forfeited under these conditions. Vesting may occur earlier in the event of Ms. Stewart's death.

How many RSUs did Ms. Stewart receive, and what is their value?

Ms. Stewart received a grant of 2,080 RSUs. The value of these RSUs at the time of the grant is not explicitly stated in this filing but would be based on the stock price on January 23, 2017, multiplied by 2,080.

Does this RSU award imply any changes in Ms. Stewart's role or responsibilities?

This filing does not indicate any changes in Ms. Stewart's role or responsibilities. The award is specifically framed as a retention mechanism to ensure continuity in her executive financial leadership.

NSC 8-K: Leadership Changes

Summary

Norfolk Southern Corporation (NSC) filed an 8-K on January 27, 2017, to disclose a retention award granted to its Executive Vice President Finance and Chief Financial Officer, Marta R. Stewart. The award consists of 2,080 time-based restricted stock units (RSUs) designed to incentivize Ms. Stewart's continued employment with the company. This award highlights the company's commitment to retaining key executive talent, particularly in critical financial roles. The RSUs are subject to a three-year restriction period ending January 26, 2020, with vesting contingent upon Ms. Stewart remaining actively employed until September 30, 2018. This structure indicates management's focus on stability and long-term performance at the executive level.

Key Highlights

1NSC granted 2,080 Restricted Stock Units (RSUs) to EVP Finance and CFO Marta R. Stewart.
2The award is a retention incentive aimed at ensuring Ms. Stewart's continued employment.
3The RSUs have a three-year restriction period, expiring on January 26, 2020.
4Vesting is contingent upon active employment until September 30, 2018, with exceptions for death.
5The award was approved by the Compensation Committee of the Board of Directors on January 23, 2017.
6The full details of the RSU Award Agreement are available as an exhibit to this filing.

NORFOLK SOUTHERN CORP 8-K Report, Executive Changes (Jan 27, 2017)

Summary

Key Highlights

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