NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q4 2025

Shares 196,629 Value ($000) $56,771 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 203,523 Value ($000) $61,140 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 216,515 Value ($000) $55,421 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 213,875 Value ($000) $50,656 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 213,515 Value ($000) $50,112 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 221,098 Value ($000) $54,943 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 220,608 Value ($000) $47,362 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 258,803 Value ($000) $54,866 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 235,768 Value ($000) $55,731 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 229,583 Value ($000) $45,212 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 249,224 Value ($000) $56,514 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 258,803 Value ($000) $54,866 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 269,243 Value ($000) $66,347 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 278,633 Value ($000) $58,415 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 284,456 Value ($000) $64,654 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 308,934 Value ($000) $88,114 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 316,612 Value ($000) $94,259 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 318,388 Value ($000) $76,174 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 333,734 Value ($000) $88,576 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 346,436 Value ($000) $93,025 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 356,019 Value ($000) $84,594 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 362,690 Value ($000) $77,612 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 364,474 Value ($000) $63,991 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 365,189 Value ($000) $53,318 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 365,610 Value ($000) $70,976 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 369,954 Value ($000) $66,466 Avg Close $161.51 Range $148.22 - $182.44

Q2 2019

Shares 373,029 Value ($000) $74,356 Avg Close $173.34 Range $164.54 - $184.28

Q1 2019

Shares 379,675 Value ($000) $70,957 Avg Close $150.47 Range $124.50 - $164.26

Q4 2018

Shares 387,245 Value ($000) $57,909 Avg Close $142.35 Range $120.21 - $160.07

Q3 2018

Shares 390,018 Value ($000) $70,398 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 392,378 Value ($000) $59,198 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 394,007 Value ($000) $53,498 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 406,260 Value ($000) $58,867 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 433,790 Value ($000) $57,364 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 436,466 Value ($000) $53,118 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 429,957 Value ($000) $48,142 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 428,857 Value ($000) $46,347 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 430,922 Value ($000) $41,825 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 441,956 Value ($000) $37,624 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 370,967 Value ($000) $30,883 Avg Close $61.54 Range $52.69 - $70.78

Q4 2015

Shares 377,967 Value ($000) $31,972 Avg Close $69.12 Range $61.01 - $79.94

Q3 2015

Shares 393,832 Value ($000) $30,089 Avg Close $65.12 Range $57.94 - $70.74

Q2 2015

Shares 392,776 Value ($000) $34,313 Avg Close $77.43 Range $69.21 - $84.64

Q1 2015

Shares 412,442 Value ($000) $42,449 Avg Close $84.19 Range $78.29 - $88.38

Q4 2014

Shares 459,126 Value ($000) $50,325 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 457,269 Value ($000) $51,031 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 475,319 Value ($000) $48,972 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 476,501 Value ($000) $46,302 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 533,315 Value ($000) $49,508 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 544,833 Value ($000) $42,143 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 567,144 Value ($000) $41,203 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	196,629	$56,771	$288.62	$277.08 - $300.79
Q3 2025	203,523	$61,140	$276.03	$252.95 - $299.47
Q2 2025	216,515	$55,421	$233.06	$198.48 - $255.81
Q1 2025	213,875	$50,656	$239.35	$222.00 - $264.36
Q4 2024	213,515	$50,112	$248.46	$225.19 - $271.79
Q3 2024	221,098	$54,943	$233.00	$204.24 - $253.86
Q2 2024	220,608	$47,362	$224.21	$200.19 - $246.91
Q1 2024	258,803	$54,866	$237.76	$214.83 - $253.85
Q4 2023	235,768	$55,731	$200.12	$174.02 - $227.48
Q3 2023	229,583	$45,212	$205.00	$184.44 - $225.83
Q2 2023	249,224	$56,514	$200.25	$185.68 - $215.05
Q1 2023	258,803	$54,866	$216.72	$184.28 - $242.90
Q4 2022	269,243	$66,347	$220.43	$189.06 - $244.31
Q3 2022	278,633	$58,415	$222.85	$194.58 - $245.30
Q2 2022	284,456	$64,654	$226.47	$202.60 - $262.57
Q1 2022	308,934	$88,114	$252.93	$227.90 - $273.69
Q4 2021	316,612	$94,259	$255.22	$218.02 - $273.89
Q3 2021	318,388	$76,174	$233.46	$217.60 - $249.27
Q2 2021	333,734	$88,576	$250.29	$237.13 - $267.99
Q1 2021	346,436	$93,025	$228.85	$207.42 - $247.83
Q4 2020	356,019	$84,594	$204.73	$176.03 - $223.49
Q3 2020	362,690	$77,612	$179.92	$151.06 - $201.91
Q2 2020	364,474	$63,991	$150.98	$121.35 - $179.10
Q1 2020	365,189	$53,318	$163.63	$100.01 - $194.41
Q4 2019	365,610	$70,976	$165.56	$146.52 - $174.77
Q3 2019	369,954	$66,466	$161.51	$148.22 - $182.44
Q2 2019	373,029	$74,356	$173.34	$164.54 - $184.28
Q1 2019	379,675	$70,957	$150.47	$124.50 - $164.26
Q4 2018	387,245	$57,909	$142.35	$120.21 - $160.07
Q3 2018	390,018	$70,398	$147.16	$128.72 - $161.27
Q2 2018	392,378	$59,198	$125.28	$109.19 - $136.18
Q1 2018	394,007	$53,498	$122.67	$112.62 - $133.63
Q4 2017	406,260	$58,867	$113.99	$106.48 - $124.43
Q3 2017	433,790	$57,364	$102.71	$93.81 - $113.26
Q2 2017	436,466	$53,118	$98.76	$93.02 - $105.49
Q1 2017	429,957	$48,142	$97.78	$88.22 - $104.69
Q4 2016	428,857	$46,347	$83.99	$74.46 - $92.84
Q3 2016	430,922	$41,825	$75.16	$68.43 - $80.53
Q2 2016	441,956	$37,624	$69.72	$63.83 - $76.86
Q1 2016	370,967	$30,883	$61.54	$52.69 - $70.78
Q4 2015	377,967	$31,972	$69.12	$61.01 - $79.94
Q3 2015	393,832	$30,089	$65.12	$57.94 - $70.74
Q2 2015	392,776	$34,313	$77.43	$69.21 - $84.64
Q1 2015	412,442	$42,449	$84.19	$78.29 - $88.38
Q4 2014	459,126	$50,325	$85.81	$79.24 - $92.28
Q3 2014	457,269	$51,031	$82.62	$77.74 - $88.50
Q2 2014	475,319	$48,972	$76.02	$70.92 - $81.20
Q1 2014	476,501	$46,302	$71.41	$66.84 - $75.69
Q4 2013	533,315	$49,508	$65.71	$58.01 - $71.47
Q3 2013	544,833	$42,143	$56.99	$54.14 - $60.17
Q2 2013	567,144	$41,203	$57.67	$53.20 - $61.33