NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

Tufton Capital Management's Holding History (CIK: 0001055963)

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

Q4 2025

Shares 33,766 Value ($000) $10 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 34,108 Value ($000) $10 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 34,292 Value ($000) $9 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 35,169 Value ($000) $8,330 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 35,314 Value ($000) $8,288 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 35,283 Value ($000) $8,768 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 36,576 Value ($000) $7,853 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 36,870 Value ($000) $9,397 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 36,873 Value ($000) $8,716 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 38,232 Value ($000) $7,529 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 37,168 Value ($000) $8,428 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 37,816 Value ($000) $8,017 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 40,279 Value ($000) $9,926 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 40,766 Value ($000) $8,546 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 49,758 Value ($000) $11,309 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 49,255 Value ($000) $14,048 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 50,020 Value ($000) $14,891 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 50,153 Value ($000) $11,999 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 48,557 Value ($000) $12,887 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 49,300 Value ($000) $13,238 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 50,302 Value ($000) $11,952 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 50,303 Value ($000) $10,764 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 51,756 Value ($000) $9,086 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 50,917 Value ($000) $7,433 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 50,987 Value ($000) $9,898 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 51,008 Value ($000) $9,164 Avg Close $161.51 Range $148.22 - $182.44

Q2 2019

Shares 51,474 Value ($000) $10,260 Avg Close $173.34 Range $164.54 - $184.28

Q1 2019

Shares 62,738 Value ($000) $11,725 Avg Close $150.47 Range $124.50 - $164.26

Q4 2018

Shares 63,092 Value ($000) $9,434 Avg Close $142.35 Range $120.21 - $160.07

Q3 2018

Shares 63,195 Value ($000) $11,406 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 69,207 Value ($000) $10,441 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 70,655 Value ($000) $9,593 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 70,271 Value ($000) $10,182 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 72,312 Value ($000) $9,563 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 72,832 Value ($000) $8,864 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 84,487 Value ($000) $9,460 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 85,632 Value ($000) $9,254 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 87,588 Value ($000) $8,501 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 87,201 Value ($000) $7,423 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 90,551 Value ($000) $7,538 Avg Close $61.54 Range $52.69 - $70.78

Q4 2015

Shares 90,706 Value ($000) $7,673 Avg Close $69.12 Range $61.01 - $79.94

Q3 2015

Shares 90,734 Value ($000) $6,932 Avg Close $65.12 Range $57.94 - $70.74

Q2 2015

Shares 85,257 Value ($000) $7,448 Avg Close $77.43 Range $69.21 - $84.64

Q1 2015

Shares 88,370 Value ($000) $9,095 Avg Close $84.19 Range $78.29 - $88.38

Q4 2014

Shares 87,490 Value ($000) $9,590 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 87,980 Value ($000) $9,819 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 89,435 Value ($000) $9,214 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 88,803 Value ($000) $8,629 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 88,323 Value ($000) $8,199 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 88,996 Value ($000) $6,884 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 90,461 Value ($000) $6,572 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	33,766	$10	$288.62	$277.08 - $300.79
Q3 2025	34,108	$10	$276.03	$252.95 - $299.47
Q2 2025	34,292	$9	$233.06	$198.48 - $255.81
Q1 2025	35,169	$8,330	$239.35	$222.00 - $264.36
Q4 2024	35,314	$8,288	$248.46	$225.19 - $271.79
Q3 2024	35,283	$8,768	$233.00	$204.24 - $253.86
Q2 2024	36,576	$7,853	$224.21	$200.19 - $246.91
Q1 2024	36,870	$9,397	$237.76	$214.83 - $253.85
Q4 2023	36,873	$8,716	$200.12	$174.02 - $227.48
Q3 2023	38,232	$7,529	$205.00	$184.44 - $225.83
Q2 2023	37,168	$8,428	$200.25	$185.68 - $215.05
Q1 2023	37,816	$8,017	$216.72	$184.28 - $242.90
Q4 2022	40,279	$9,926	$220.43	$189.06 - $244.31
Q3 2022	40,766	$8,546	$222.85	$194.58 - $245.30
Q2 2022	49,758	$11,309	$226.47	$202.60 - $262.57
Q1 2022	49,255	$14,048	$252.93	$227.90 - $273.69
Q4 2021	50,020	$14,891	$255.22	$218.02 - $273.89
Q3 2021	50,153	$11,999	$233.46	$217.60 - $249.27
Q2 2021	48,557	$12,887	$250.29	$237.13 - $267.99
Q1 2021	49,300	$13,238	$228.85	$207.42 - $247.83
Q4 2020	50,302	$11,952	$204.73	$176.03 - $223.49
Q3 2020	50,303	$10,764	$179.92	$151.06 - $201.91
Q2 2020	51,756	$9,086	$150.98	$121.35 - $179.10
Q1 2020	50,917	$7,433	$163.63	$100.01 - $194.41
Q4 2019	50,987	$9,898	$165.56	$146.52 - $174.77
Q3 2019	51,008	$9,164	$161.51	$148.22 - $182.44
Q2 2019	51,474	$10,260	$173.34	$164.54 - $184.28
Q1 2019	62,738	$11,725	$150.47	$124.50 - $164.26
Q4 2018	63,092	$9,434	$142.35	$120.21 - $160.07
Q3 2018	63,195	$11,406	$147.16	$128.72 - $161.27
Q2 2018	69,207	$10,441	$125.28	$109.19 - $136.18
Q1 2018	70,655	$9,593	$122.67	$112.62 - $133.63
Q4 2017	70,271	$10,182	$113.99	$106.48 - $124.43
Q3 2017	72,312	$9,563	$102.71	$93.81 - $113.26
Q2 2017	72,832	$8,864	$98.76	$93.02 - $105.49
Q1 2017	84,487	$9,460	$97.78	$88.22 - $104.69
Q4 2016	85,632	$9,254	$83.99	$74.46 - $92.84
Q3 2016	87,588	$8,501	$75.16	$68.43 - $80.53
Q2 2016	87,201	$7,423	$69.72	$63.83 - $76.86
Q1 2016	90,551	$7,538	$61.54	$52.69 - $70.78
Q4 2015	90,706	$7,673	$69.12	$61.01 - $79.94
Q3 2015	90,734	$6,932	$65.12	$57.94 - $70.74
Q2 2015	85,257	$7,448	$77.43	$69.21 - $84.64
Q1 2015	88,370	$9,095	$84.19	$78.29 - $88.38
Q4 2014	87,490	$9,590	$85.81	$79.24 - $92.28
Q3 2014	87,980	$9,819	$82.62	$77.74 - $88.50
Q2 2014	89,435	$9,214	$76.02	$70.92 - $81.20
Q1 2014	88,803	$8,629	$71.41	$66.84 - $75.69
Q4 2013	88,323	$8,199	$65.71	$58.01 - $71.47
Q3 2013	88,996	$6,884	$56.99	$54.14 - $60.17
Q2 2013	90,461	$6,572	$57.67	$53.20 - $61.33