NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

Valmark Advisers, Inc.'s Holding History (CIK: 0001380443)

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

Q4 2025

Shares 5,818 Value ($000) $1,680 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 5,822 Value ($000) $1,749 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 5,923 Value ($000) $1,516 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 5,963 Value ($000) $1,412 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 5,978 Value ($000) $1,403 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 5,952 Value ($000) $1,479 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 5,664 Value ($000) $1,216 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 5,723 Value ($000) $1,459 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 5,535 Value ($000) $1,308 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 5,561 Value ($000) $1,095 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 5,527 Value ($000) $1,253 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 5,867 Value ($000) $1,244 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 5,893 Value ($000) $1,452 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 5,930 Value ($000) $1,243 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 5,928 Value ($000) $1,347 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 5,954 Value ($000) $1,698 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 5,957 Value ($000) $1,773 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 6,257 Value ($000) $1,497 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 6,346 Value ($000) $1,684 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 6,415 Value ($000) $1,723 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 5,424 Value ($000) $1,289 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 1,175 Value ($000) $251 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 1,213 Value ($000) $213 Avg Close $150.98 Range $121.35 - $179.10

Q4 2019

Shares 1,088 Value ($000) $211 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 1,200 Value ($000) $216 Avg Close $161.51 Range $148.22 - $182.44

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	5,818	$1,680	$288.62	$277.08 - $300.79
Q3 2025	5,822	$1,749	$276.03	$252.95 - $299.47
Q2 2025	5,923	$1,516	$233.06	$198.48 - $255.81
Q1 2025	5,963	$1,412	$239.35	$222.00 - $264.36
Q4 2024	5,978	$1,403	$248.46	$225.19 - $271.79
Q3 2024	5,952	$1,479	$233.00	$204.24 - $253.86
Q2 2024	5,664	$1,216	$224.21	$200.19 - $246.91
Q1 2024	5,723	$1,459	$237.76	$214.83 - $253.85
Q4 2023	5,535	$1,308	$200.12	$174.02 - $227.48
Q3 2023	5,561	$1,095	$205.00	$184.44 - $225.83
Q2 2023	5,527	$1,253	$200.25	$185.68 - $215.05
Q1 2023	5,867	$1,244	$216.72	$184.28 - $242.90
Q4 2022	5,893	$1,452	$220.43	$189.06 - $244.31
Q3 2022	5,930	$1,243	$222.85	$194.58 - $245.30
Q2 2022	5,928	$1,347	$226.47	$202.60 - $262.57
Q1 2022	5,954	$1,698	$252.93	$227.90 - $273.69
Q4 2021	5,957	$1,773	$255.22	$218.02 - $273.89
Q3 2021	6,257	$1,497	$233.46	$217.60 - $249.27
Q2 2021	6,346	$1,684	$250.29	$237.13 - $267.99
Q1 2021	6,415	$1,723	$228.85	$207.42 - $247.83
Q4 2020	5,424	$1,289	$204.73	$176.03 - $223.49
Q3 2020	1,175	$251	$179.92	$151.06 - $201.91
Q2 2020	1,213	$213	$150.98	$121.35 - $179.10
Q4 2019	1,088	$211	$165.56	$146.52 - $174.77
Q3 2019	1,200	$216	$161.51	$148.22 - $182.44