NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

DEARBORN PARTNERS LLC's Holding History (CIK: 0001206792)

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

Q4 2025

Shares 3,282 Value ($000) $947 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 3,510 Value ($000) $1,054 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 3,740 Value ($000) $957 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 3,696 Value ($000) $875 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 4,598 Value ($000) $1,079 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 4,427 Value ($000) $1,100 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 4,357 Value ($000) $935 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 4,499 Value ($000) $1,147 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 4,785 Value ($000) $1,131 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 4,764 Value ($000) $938 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 4,469 Value ($000) $1,013 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 4,203 Value ($000) $891 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 5,382 Value ($000) $1,326 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 5,686 Value ($000) $1,192 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 5,596 Value ($000) $1,272 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 5,222 Value ($000) $1,489 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 5,208 Value ($000) $1,550 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 6,157 Value ($000) $1,473 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 5,860 Value ($000) $1,555 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 5,167 Value ($000) $1,387 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 5,898 Value ($000) $1,401 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 5,707 Value ($000) $1,221 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 5,684 Value ($000) $998 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 5,391 Value ($000) $787 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 8,188 Value ($000) $1,590 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 5,836 Value ($000) $1,048 Avg Close $161.51 Range $148.22 - $182.44

Q2 2019

Shares 5,680 Value ($000) $1,132 Avg Close $173.34 Range $164.54 - $184.28

Q1 2019

Shares 5,111 Value ($000) $955 Avg Close $150.47 Range $124.50 - $164.26

Q4 2018

Shares 7,586 Value ($000) $1,134 Avg Close $142.35 Range $120.21 - $160.07

Q3 2018

Shares 4,985 Value ($000) $900 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 3,792 Value ($000) $572 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 3,328 Value ($000) $452 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 3,528 Value ($000) $511 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 3,528 Value ($000) $467 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 3,827 Value ($000) $466 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 3,827 Value ($000) $429 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 4,190 Value ($000) $453 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 4,227 Value ($000) $410 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 4,227 Value ($000) $360 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 4,265 Value ($000) $355 Avg Close $61.54 Range $52.69 - $70.78

Q4 2015

Shares 4,282 Value ($000) $362 Avg Close $69.12 Range $61.01 - $79.94

Q3 2015

Shares 4,562 Value ($000) $349 Avg Close $65.12 Range $57.94 - $70.74

Q2 2015

Shares 7,212 Value ($000) $630 Avg Close $77.43 Range $69.21 - $84.64

Q1 2015

Shares 9,753 Value ($000) $1,004 Avg Close $84.19 Range $78.29 - $88.38

Q4 2014

Shares 9,792 Value ($000) $1,073 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 9,815 Value ($000) $1,095 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 9,814 Value ($000) $1,011 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 9,963 Value ($000) $968 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 13,809 Value ($000) $1,282 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 15,848 Value ($000) $1,226 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 15,845 Value ($000) $1,151 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,282	$947	$288.62	$277.08 - $300.79
Q3 2025	3,510	$1,054	$276.03	$252.95 - $299.47
Q2 2025	3,740	$957	$233.06	$198.48 - $255.81
Q1 2025	3,696	$875	$239.35	$222.00 - $264.36
Q4 2024	4,598	$1,079	$248.46	$225.19 - $271.79
Q3 2024	4,427	$1,100	$233.00	$204.24 - $253.86
Q2 2024	4,357	$935	$224.21	$200.19 - $246.91
Q1 2024	4,499	$1,147	$237.76	$214.83 - $253.85
Q4 2023	4,785	$1,131	$200.12	$174.02 - $227.48
Q3 2023	4,764	$938	$205.00	$184.44 - $225.83
Q2 2023	4,469	$1,013	$200.25	$185.68 - $215.05
Q1 2023	4,203	$891	$216.72	$184.28 - $242.90
Q4 2022	5,382	$1,326	$220.43	$189.06 - $244.31
Q3 2022	5,686	$1,192	$222.85	$194.58 - $245.30
Q2 2022	5,596	$1,272	$226.47	$202.60 - $262.57
Q1 2022	5,222	$1,489	$252.93	$227.90 - $273.69
Q4 2021	5,208	$1,550	$255.22	$218.02 - $273.89
Q3 2021	6,157	$1,473	$233.46	$217.60 - $249.27
Q2 2021	5,860	$1,555	$250.29	$237.13 - $267.99
Q1 2021	5,167	$1,387	$228.85	$207.42 - $247.83
Q4 2020	5,898	$1,401	$204.73	$176.03 - $223.49
Q3 2020	5,707	$1,221	$179.92	$151.06 - $201.91
Q2 2020	5,684	$998	$150.98	$121.35 - $179.10
Q1 2020	5,391	$787	$163.63	$100.01 - $194.41
Q4 2019	8,188	$1,590	$165.56	$146.52 - $174.77
Q3 2019	5,836	$1,048	$161.51	$148.22 - $182.44
Q2 2019	5,680	$1,132	$173.34	$164.54 - $184.28
Q1 2019	5,111	$955	$150.47	$124.50 - $164.26
Q4 2018	7,586	$1,134	$142.35	$120.21 - $160.07
Q3 2018	4,985	$900	$147.16	$128.72 - $161.27
Q2 2018	3,792	$572	$125.28	$109.19 - $136.18
Q1 2018	3,328	$452	$122.67	$112.62 - $133.63
Q4 2017	3,528	$511	$113.99	$106.48 - $124.43
Q3 2017	3,528	$467	$102.71	$93.81 - $113.26
Q2 2017	3,827	$466	$98.76	$93.02 - $105.49
Q1 2017	3,827	$429	$97.78	$88.22 - $104.69
Q4 2016	4,190	$453	$83.99	$74.46 - $92.84
Q3 2016	4,227	$410	$75.16	$68.43 - $80.53
Q2 2016	4,227	$360	$69.72	$63.83 - $76.86
Q1 2016	4,265	$355	$61.54	$52.69 - $70.78
Q4 2015	4,282	$362	$69.12	$61.01 - $79.94
Q3 2015	4,562	$349	$65.12	$57.94 - $70.74
Q2 2015	7,212	$630	$77.43	$69.21 - $84.64
Q1 2015	9,753	$1,004	$84.19	$78.29 - $88.38
Q4 2014	9,792	$1,073	$85.81	$79.24 - $92.28
Q3 2014	9,815	$1,095	$82.62	$77.74 - $88.50
Q2 2014	9,814	$1,011	$76.02	$70.92 - $81.20
Q1 2014	9,963	$968	$71.41	$66.84 - $75.69
Q4 2013	13,809	$1,282	$65.71	$58.01 - $71.47
Q3 2013	15,848	$1,226	$56.99	$54.14 - $60.17
Q2 2013	15,845	$1,151	$57.67	$53.20 - $61.33