NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

CULLEN/FROST BANKERS, INC.'s Holding History (CIK: 0000039263)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 11,711 Value ($000) $3,381 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 11,808 Value ($000) $3,547 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 12,828 Value ($000) $3,284 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 13,667 Value ($000) $3,237 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 16,086 Value ($000) $3,775 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 14,516 Value ($000) $3,607 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 14,867 Value ($000) $3,192 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 14,957 Value ($000) $3,812 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 15,335 Value ($000) $3,625 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 22,563 Value ($000) $4,443 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 22,754 Value ($000) $5,160 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 23,605 Value ($000) $5,004 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 25,793 Value ($000) $6,356 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 23,667 Value ($000) $4,962 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 24,165 Value ($000) $5,492 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 24,164 Value ($000) $6,892 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 24,350 Value ($000) $7,249 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 25,481 Value ($000) $6,096 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 24,862 Value ($000) $6,599 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 25,025 Value ($000) $6,720 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 25,447 Value ($000) $6,046 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 26,813 Value ($000) $5,738 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 27,272 Value ($000) $4,788 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 27,572 Value ($000) $4,025 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 27,690 Value ($000) $5,375 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 27,856 Value ($000) $5,005 Avg Close $161.51 Range $148.22 - $182.44

Q2 2019

Shares 30,042 Value ($000) $5,989 Avg Close $173.34 Range $164.54 - $184.28

Q1 2019

Shares 29,683 Value ($000) $5,547 Avg Close $150.47 Range $124.50 - $164.26

Q4 2018

Shares 28,915 Value ($000) $4,324 Avg Close $142.35 Range $120.21 - $160.07

Q3 2018

Shares 30,082 Value ($000) $5,429 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 32,304 Value ($000) $4,874 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 35,248 Value ($000) $4,786 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 36,026 Value ($000) $5,220 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 37,210 Value ($000) $4,920 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 38,032 Value ($000) $4,628 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 37,366 Value ($000) $4,184 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 37,649 Value ($000) $4,069 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 37,927 Value ($000) $3,681 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 38,631 Value ($000) $3,288 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 39,239 Value ($000) $3,266 Avg Close $61.54 Range $52.69 - $70.78

Q4 2015

Shares 42,149 Value ($000) $3,566 Avg Close $69.12 Range $61.01 - $79.94

Q3 2015

Shares 43,989 Value ($000) $3,360 Avg Close $65.12 Range $57.94 - $70.74

Q2 2015

Shares 52,703 Value ($000) $4,604 Avg Close $77.43 Range $69.21 - $84.64

Q1 2015

Shares 51,589 Value ($000) $5,309 Avg Close $84.19 Range $78.29 - $88.38

Q4 2014

Shares 53,168 Value ($000) $5,828 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 54,072 Value ($000) $6,034 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 54,857 Value ($000) $5,652 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 52,130 Value ($000) $5,066 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 58,835 Value ($000) $5,462 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 58,070 Value ($000) $4,491 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 60,261 Value ($000) $4,378 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	11,711	$3,381	$288.62	$277.08 - $300.79
Q3 2025	11,808	$3,547	$276.03	$252.95 - $299.47
Q2 2025	12,828	$3,284	$233.06	$198.48 - $255.81
Q1 2025	13,667	$3,237	$239.35	$222.00 - $264.36
Q4 2024	16,086	$3,775	$248.46	$225.19 - $271.79
Q3 2024	14,516	$3,607	$233.00	$204.24 - $253.86
Q2 2024	14,867	$3,192	$224.21	$200.19 - $246.91
Q1 2024	14,957	$3,812	$237.76	$214.83 - $253.85
Q4 2023	15,335	$3,625	$200.12	$174.02 - $227.48
Q3 2023	22,563	$4,443	$205.00	$184.44 - $225.83
Q2 2023	22,754	$5,160	$200.25	$185.68 - $215.05
Q1 2023	23,605	$5,004	$216.72	$184.28 - $242.90
Q4 2022	25,793	$6,356	$220.43	$189.06 - $244.31
Q3 2022	23,667	$4,962	$222.85	$194.58 - $245.30
Q2 2022	24,165	$5,492	$226.47	$202.60 - $262.57
Q1 2022	24,164	$6,892	$252.93	$227.90 - $273.69
Q4 2021	24,350	$7,249	$255.22	$218.02 - $273.89
Q3 2021	25,481	$6,096	$233.46	$217.60 - $249.27
Q2 2021	24,862	$6,599	$250.29	$237.13 - $267.99
Q1 2021	25,025	$6,720	$228.85	$207.42 - $247.83
Q4 2020	25,447	$6,046	$204.73	$176.03 - $223.49
Q3 2020	26,813	$5,738	$179.92	$151.06 - $201.91
Q2 2020	27,272	$4,788	$150.98	$121.35 - $179.10
Q1 2020	27,572	$4,025	$163.63	$100.01 - $194.41
Q4 2019	27,690	$5,375	$165.56	$146.52 - $174.77
Q3 2019	27,856	$5,005	$161.51	$148.22 - $182.44
Q2 2019	30,042	$5,989	$173.34	$164.54 - $184.28
Q1 2019	29,683	$5,547	$150.47	$124.50 - $164.26
Q4 2018	28,915	$4,324	$142.35	$120.21 - $160.07
Q3 2018	30,082	$5,429	$147.16	$128.72 - $161.27
Q2 2018	32,304	$4,874	$125.28	$109.19 - $136.18
Q1 2018	35,248	$4,786	$122.67	$112.62 - $133.63
Q4 2017	36,026	$5,220	$113.99	$106.48 - $124.43
Q3 2017	37,210	$4,920	$102.71	$93.81 - $113.26
Q2 2017	38,032	$4,628	$98.76	$93.02 - $105.49
Q1 2017	37,366	$4,184	$97.78	$88.22 - $104.69
Q4 2016	37,649	$4,069	$83.99	$74.46 - $92.84
Q3 2016	37,927	$3,681	$75.16	$68.43 - $80.53
Q2 2016	38,631	$3,288	$69.72	$63.83 - $76.86
Q1 2016	39,239	$3,266	$61.54	$52.69 - $70.78
Q4 2015	42,149	$3,566	$69.12	$61.01 - $79.94
Q3 2015	43,989	$3,360	$65.12	$57.94 - $70.74
Q2 2015	52,703	$4,604	$77.43	$69.21 - $84.64
Q1 2015	51,589	$5,309	$84.19	$78.29 - $88.38
Q4 2014	53,168	$5,828	$85.81	$79.24 - $92.28
Q3 2014	54,072	$6,034	$82.62	$77.74 - $88.50
Q2 2014	54,857	$5,652	$76.02	$70.92 - $81.20
Q1 2014	52,130	$5,066	$71.41	$66.84 - $75.69
Q4 2013	58,835	$5,462	$65.71	$58.01 - $71.47
Q3 2013	58,070	$4,491	$56.99	$54.14 - $60.17
Q2 2013	60,261	$4,378	$57.67	$53.20 - $61.33