NSC · Norfolk Southern Corp

$342.46 +0.72 (+0.21%) At close · Aug 6

Market Cap

$76.92B

224.61M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mark George	CEO	$1,100,000	$0	$9,199,733	$2,300,010	$2,932,875	$201,292	$16,245,050
Claude E. Elkins	Chief Marketing Officer	$675,000	$0	$2,399,989	$599,957	$1,199,813	$31,246	$6,915,992
John F. Orr	COO	$750,000	$0	$2,479,959	$619,956	$1,333,125	$58,430	$5,604,601
Jason Zampi	CFO	$650,000	$0	$2,080,072	$519,963	$1,155,375	$12,250	$4,865,704
Anil Bhatt	Executive Vice President & Chief Information & Digital Officer	$650,000	$0	$1,980,091	$494,986	$1,155,375	$13,092	$4,382,284

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Alan H. Shaw	CEO	$860,962	$0	$7,499,098	$2,500,214	$0	$74,659	$11,924,071
John F. Orr	COO	$587,500	$825,000	$8,024,174	$675,353	$1,040,625	$111,304	$11,385,816
Mark George	CEO	$826,042	$0	$4,022,885	$2,674,327	$1,372,325	$90,081	$8,985,660
Anil Bhatt	Executive Vice President & Chief Information & Digital Officer	$241,288	$950,000	$3,174,150	$225,008	$334,787	$45,819	$4,986,100
Paul Duncan	COO	$216,346	$0	$1,799,582	$599,765	$0	$1,711,598	$4,327,291
Claude E. Elkins	Chief Marketing Officer	$600,000	$0	$1,500,242	$500,202	$749,250	$36,472	$3,761,802
Jason Zampi	CFO	$417,447	$0	$800,030	$153,164	$518,201	$12,075	$1,950,933

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Alan H. Shaw	CEO	$1,100,000	$0	$7,500,059	$2,500,272	$0	$147,067	$13,418,978
Claude E. Elkins	Chief Marketing Officer	$600,000	$0	$1,501,230	$499,744	$0	$74,217	$3,959,635
Mark George	CEO	$675,000	$0	$1,801,018	$599,848	$0	$106,792	$3,366,246
Paul Duncan	COO	$625,000	$0	$1,801,018	$599,848	$0	$61,369	$3,169,555

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Alan H. Shaw	CEO	$900,000	$0	$5,540,524	$2,228,262	$901,276	$200,848	$9,770,910
Mark George	CEO	$675,000	$0	$2,041,089	$1,360,099	$450,021	$122,806	$4,902,491
Claude E. Elkins	Chief Marketing Officer	$600,000	$0	$1,355,255	$989,152	$400,019	$305,334	$3,750,740

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
James Squires	CEO	$1,100,000	—	$7,338,120	$1,295,418	$3,465,000	$62,740	$14,016,942
Alan H. Shaw	Former President & Chief Executive Officer	$616,667	—	$1,448,348	$255,584	$1,179,500	$277,702	$4,362,801
Cynthia Sanborn	COO	$600,000	—	$1,823,048	$321,824	$1,134,000	$10,881	$4,061,989
Ann A. Adams	Executive Vice President and Chief Transformation Officer	$600,000	—	$1,448,348	$255,584	$1,134,000	$32,524	$4,039,148
MarkR. George	CFO	$600,000	—	$1,635,698	$288,704	$1,134,000	$32,360	$3,774,978

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
James Squires	CEO	$1,100,000	$272,250	$6,672,645	$1,177,278	$507,375	$64,823	$14,125,279
John M. Scheib	Former Executive Vice President and Chief Strategy Officer	$252,273	$0	$1,394,242	$155,015	$0	$2,675,504	$5,285,197
Michael J. Wheeler	COO	$450,000	$66,825	$1,755,080	$194,816	$124,538	$76,108	$5,262,835
Alan H. Shaw	Former President & Chief Executive Officer	$600,000	$89,100	$1,394,242	$155,015	$166,050	$18,266	$4,341,785
Ann A. Adams	Executive Vice President and Chief Transformation Officer	$600,000	$89,100	$1,394,242	$155,015	$166,050	$9,975	$3,342,198
Cynthia Sanborn	COO	$200,000	$529,700	$2,000,660	—	$55,350	$87,670	$2,889,628
Mark George	CFO	$600,000	$89,100	$1,575,728	$174,916	$166,050	$33,167	$2,737,397
MarkR. George	CFO	$600,000	$89,100	$1,575,728	$174,916	$166,050	$33,167	$2,737,397

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
James Squires	CEO	$1,100,000	—	$6,671,681	$1,177,650	$1,200,375	$302,816	$16,636,674
Cynthia C. Earhart	CFO	$500,000	$0	$1,574,219	$175,142	$327,375	$88,242	$6,208,629
Michael J. Wheeler	COO	$600,000	$0	$1,756,114	$195,212	$392,850	$185,015	$6,098,627
Alan H. Shaw	Former President & Chief Executive Officer	$600,000	—	$1,395,560	$155,074	$392,850	$18,694	$4,744,678
John M. Scheib	Former Executive Vice President and Chief Strategy Officer	$600,000	$0	$1,395,560	$155,074	$392,850	$9,800	$3,360,071
Mark George	CFO	$100,000	$400,000	$900,298	$100,170	$65,475	$8,222	$1,584,461
MarkR. George	CFO	$100,000	$400,000	$900,298	$100,170	$65,475	$8,222	$1,584,461

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
James Squires	CEO	$1,100,000	$0	$6,162,974	$1,087,536	$2,833,875	$129,984	$14,271,985
Michael J. Wheeler	COO	$600,000	$0	$1,665,345	$185,148	$927,450	$19,527	$4,856,166
Cynthia C. Earhart	CFO	$600,000	$0	$1,484,432	$165,132	$927,450	$20,390	$4,507,528
Alan H. Shaw	Former President & Chief Executive Officer	$600,000	$0	$1,304,995	$145,116	$927,450	$19,114	$3,926,183
John M. Scheib	Former Executive Vice President and Chief Strategy Officer	$475,000	$0	$1,125,559	$125,100	$724,212	$7,517	$2,658,252

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
James Squires	CEO	$1,000,000	$0	$4,225,099	$2,275,119	$2,603,250	$122,961	$11,937,137
Michael J. Wheeler	COO	$600,000	$0	$1,056,432	$568,591	$937,170	$22,036	$4,132,676
Cynthia C. Earhart	CFO	$600,000	$0	$746,753	$402,579	$937,170	$22,103	$3,742,525
Alan H. Shaw	Former President & Chief Executive Officer	$600,000	$0	$926,630	$498,791	$937,170	$17,461	$3,669,524

Executive changes

Person	Role	Change	Effective	Filed
Brian Barr	Chief Operating Officer	Appointed	2026-06-01	2026-06-01
John Orr	Executive Vice President & Chief Operating Officer	Resigned	2026-05-31	2026-06-01
Claude Mongeau	Chair of the Board of Directors	Resigned	2025-06-02	2025-06-03
Lori J. Ryerkerk	member of the Board	Appointed	2025-01-27	2025-01-27
Alan H. Shaw	Board of Directors	Resigned	2024-09-30	2024-09-30
Jason A. Zampi	Executive Vice President, Chief Financial Officer and Treasurer	Appointed	2024-09-24	2024-09-24
Mark R. George	member of the Board	Appointed	2024-09-11	2024-09-12
Jason A. Zampi	Acting Chief Financial Officer	Appointed	2024-09-11	2024-09-12
Mark R. George	President and Chief Executive Officer	Appointed	2024-09-11	2024-09-12
Alan H. Shaw	President and Chief Executive Officer	Terminated	2024-09-11	2024-09-12
John Orr	Executive Vice President & Chief Operating Officer	Appointed	2024-03-20	2024-03-20

Key facts CIK 702165 CUSIP 655844108 13F (30d) 1052 filings 1021 filers Visit website