NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

CANADA PENSION PLAN INVESTMENT BOARD's Holding History (CIK: 0001283718)

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

Q4 2025

Shares 643,253 Value ($000) $185,720 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 320,082 Value ($000) $96,156 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 248,524 Value ($000) $63,615 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 206,043 Value ($000) $48,801 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 121,123 Value ($000) $28,428 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 110,646 Value ($000) $27,496 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 35,740 Value ($000) $7,673 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 75,898 Value ($000) $19,344 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 44,465 Value ($000) $10,511 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 153,985 Value ($000) $30,324 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 138,385 Value ($000) $31,380 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 101,985 Value ($000) $21,621 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 62,610 Value ($000) $15,428 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 118,888 Value ($000) $24,925 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 94,578 Value ($000) $21,497 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 155,378 Value ($000) $44,317 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 199,950 Value ($000) $59,527 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 233,562 Value ($000) $55,880 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 297,964 Value ($000) $79,083 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 150,400 Value ($000) $40,386 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 178,779 Value ($000) $42,480 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 146,421 Value ($000) $31,333 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 155,300 Value ($000) $27,266 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 221,208 Value ($000) $32,296 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 166,302 Value ($000) $32,284 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 331,314 Value ($000) $59,524 Avg Close $161.51 Range $148.22 - $182.44

Q2 2019

Shares 187,558 Value ($000) $37,386 Avg Close $173.34 Range $164.54 - $184.28

Q1 2019

Shares 277,296 Value ($000) $51,824 Avg Close $150.47 Range $124.50 - $164.26

Q4 2018

Shares 247,910 Value ($000) $37,069 Avg Close $142.35 Range $120.21 - $160.07

Q3 2018

Shares 144,210 Value ($000) $26,030 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 99,110 Value ($000) $14,953 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 474,610 Value ($000) $64,443 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 151,009 Value ($000) $21,881 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 307,409 Value ($000) $40,652 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 167,409 Value ($000) $20,374 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 58,309 Value ($000) $6,529 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 156,309 Value ($000) $16,892 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 50,074 Value ($000) $4,860 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 34,909 Value ($000) $2,972 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 75,285 Value ($000) $6,267 Avg Close $61.54 Range $52.69 - $70.78

Q4 2015

Shares 28,508 Value ($000) $2,411 Avg Close $69.12 Range $61.01 - $79.94

Q3 2015

Shares 27,624 Value ($000) $2,110 Avg Close $65.12 Range $57.94 - $70.74

Q2 2015

Shares 17,224 Value ($000) $1,505 Avg Close $77.43 Range $69.21 - $84.64

Q1 2015

Shares 9,224 Value ($000) $949 Avg Close $84.19 Range $78.29 - $88.38

Q4 2014

Shares 139,400 Value ($000) $15,280 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 53,300 Value ($000) $5,948 Avg Close $82.62 Range $77.74 - $88.50

Q1 2013

Shares 31,245 Value ($000) $2,408 Avg Close $53.13 Range $46.80 - $58.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	643,253	$185,720	$288.62	$277.08 - $300.79
Q3 2025	320,082	$96,156	$276.03	$252.95 - $299.47
Q2 2025	248,524	$63,615	$233.06	$198.48 - $255.81
Q1 2025	206,043	$48,801	$239.35	$222.00 - $264.36
Q4 2024	121,123	$28,428	$248.46	$225.19 - $271.79
Q3 2024	110,646	$27,496	$233.00	$204.24 - $253.86
Q2 2024	35,740	$7,673	$224.21	$200.19 - $246.91
Q1 2024	75,898	$19,344	$237.76	$214.83 - $253.85
Q4 2023	44,465	$10,511	$200.12	$174.02 - $227.48
Q3 2023	153,985	$30,324	$205.00	$184.44 - $225.83
Q2 2023	138,385	$31,380	$200.25	$185.68 - $215.05
Q1 2023	101,985	$21,621	$216.72	$184.28 - $242.90
Q4 2022	62,610	$15,428	$220.43	$189.06 - $244.31
Q3 2022	118,888	$24,925	$222.85	$194.58 - $245.30
Q2 2022	94,578	$21,497	$226.47	$202.60 - $262.57
Q1 2022	155,378	$44,317	$252.93	$227.90 - $273.69
Q4 2021	199,950	$59,527	$255.22	$218.02 - $273.89
Q3 2021	233,562	$55,880	$233.46	$217.60 - $249.27
Q2 2021	297,964	$79,083	$250.29	$237.13 - $267.99
Q1 2021	150,400	$40,386	$228.85	$207.42 - $247.83
Q4 2020	178,779	$42,480	$204.73	$176.03 - $223.49
Q3 2020	146,421	$31,333	$179.92	$151.06 - $201.91
Q2 2020	155,300	$27,266	$150.98	$121.35 - $179.10
Q1 2020	221,208	$32,296	$163.63	$100.01 - $194.41
Q4 2019	166,302	$32,284	$165.56	$146.52 - $174.77
Q3 2019	331,314	$59,524	$161.51	$148.22 - $182.44
Q2 2019	187,558	$37,386	$173.34	$164.54 - $184.28
Q1 2019	277,296	$51,824	$150.47	$124.50 - $164.26
Q4 2018	247,910	$37,069	$142.35	$120.21 - $160.07
Q3 2018	144,210	$26,030	$147.16	$128.72 - $161.27
Q2 2018	99,110	$14,953	$125.28	$109.19 - $136.18
Q1 2018	474,610	$64,443	$122.67	$112.62 - $133.63
Q4 2017	151,009	$21,881	$113.99	$106.48 - $124.43
Q3 2017	307,409	$40,652	$102.71	$93.81 - $113.26
Q2 2017	167,409	$20,374	$98.76	$93.02 - $105.49
Q1 2017	58,309	$6,529	$97.78	$88.22 - $104.69
Q4 2016	156,309	$16,892	$83.99	$74.46 - $92.84
Q3 2016	50,074	$4,860	$75.16	$68.43 - $80.53
Q2 2016	34,909	$2,972	$69.72	$63.83 - $76.86
Q1 2016	75,285	$6,267	$61.54	$52.69 - $70.78
Q4 2015	28,508	$2,411	$69.12	$61.01 - $79.94
Q3 2015	27,624	$2,110	$65.12	$57.94 - $70.74
Q2 2015	17,224	$1,505	$77.43	$69.21 - $84.64
Q1 2015	9,224	$949	$84.19	$78.29 - $88.38
Q4 2014	139,400	$15,280	$85.81	$79.24 - $92.28
Q3 2014	53,300	$5,948	$82.62	$77.74 - $88.50
Q1 2013	31,245	$2,408	$53.13	$46.80 - $58.24