NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

Public Sector Pension Investment Board's Holding History (CIK: 0001396318)

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

Q4 2025

Shares 64,870 Value ($000) $18,729 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 19,373 Value ($000) $5,820 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 17,028 Value ($000) $4,359 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 30,824 Value ($000) $7,301 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 28,357 Value ($000) $6,655 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 355,152 Value ($000) $88,255 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 18,307 Value ($000) $3,930 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 14,631 Value ($000) $3,729 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 14,631 Value ($000) $3,458 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 24,318 Value ($000) $4,789 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 21,784 Value ($000) $4,940 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 25,060 Value ($000) $5,313 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 28,824 Value ($000) $7,103 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 25,177 Value ($000) $5 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 22,925 Value ($000) $5,211 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 78,652 Value ($000) $22,433 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 40,602 Value ($000) $12,088 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 42,057 Value ($000) $10,062 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 39,232 Value ($000) $10,413 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 63,822 Value ($000) $17,137 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 59,952 Value ($000) $14,245 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 70,992 Value ($000) $15,192 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 64,692 Value ($000) $11,358 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 26,092 Value ($000) $3,809 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 45,252 Value ($000) $8,785 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 51,132 Value ($000) $9,186 Avg Close $161.51 Range $148.22 - $182.44

Q2 2019

Shares 34,755 Value ($000) $6,928 Avg Close $173.34 Range $164.54 - $184.28

Q1 2019

Shares 22,355 Value ($000) $4,178 Avg Close $150.47 Range $124.50 - $164.26

Q4 2018

Shares 77,755 Value ($000) $11,627 Avg Close $142.35 Range $120.21 - $160.07

Q3 2018

Shares 13,155 Value ($000) $2,374 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 24,855 Value ($000) $3,750 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 25,155 Value ($000) $3,416 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 15,255 Value ($000) $2,210 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 73,243 Value ($000) $9,686 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 32,773 Value ($000) $3,988 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 66,273 Value ($000) $7,421 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 64,573 Value ($000) $6,978 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 65,873 Value ($000) $6,394 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 56,073 Value ($000) $4,773 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 48,073 Value ($000) $4,002 Avg Close $61.54 Range $52.69 - $70.78

Q4 2015

Shares 76,173 Value ($000) $6,443 Avg Close $69.12 Range $61.01 - $79.94

Q3 2015

Shares 79,373 Value ($000) $6,064 Avg Close $65.12 Range $57.94 - $70.74

Q2 2015

Shares 104,873 Value ($000) $9,162 Avg Close $77.43 Range $69.21 - $84.64

Q1 2015

Shares 106,673 Value ($000) $10,979 Avg Close $84.19 Range $78.29 - $88.38

Q4 2014

Shares 104,789 Value ($000) $11,486 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 114,089 Value ($000) $12,732 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 116,589 Value ($000) $12,012 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 113,390 Value ($000) $11,018 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 114,890 Value ($000) $10,665 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 253,990 Value ($000) $19,646 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 108,390 Value ($000) $7,875 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	64,870	$18,729	$288.62	$277.08 - $300.79
Q3 2025	19,373	$5,820	$276.03	$252.95 - $299.47
Q2 2025	17,028	$4,359	$233.06	$198.48 - $255.81
Q1 2025	30,824	$7,301	$239.35	$222.00 - $264.36
Q4 2024	28,357	$6,655	$248.46	$225.19 - $271.79
Q3 2024	355,152	$88,255	$233.00	$204.24 - $253.86
Q2 2024	18,307	$3,930	$224.21	$200.19 - $246.91
Q1 2024	14,631	$3,729	$237.76	$214.83 - $253.85
Q4 2023	14,631	$3,458	$200.12	$174.02 - $227.48
Q3 2023	24,318	$4,789	$205.00	$184.44 - $225.83
Q2 2023	21,784	$4,940	$200.25	$185.68 - $215.05
Q1 2023	25,060	$5,313	$216.72	$184.28 - $242.90
Q4 2022	28,824	$7,103	$220.43	$189.06 - $244.31
Q3 2022	25,177	$5	$222.85	$194.58 - $245.30
Q2 2022	22,925	$5,211	$226.47	$202.60 - $262.57
Q1 2022	78,652	$22,433	$252.93	$227.90 - $273.69
Q4 2021	40,602	$12,088	$255.22	$218.02 - $273.89
Q3 2021	42,057	$10,062	$233.46	$217.60 - $249.27
Q2 2021	39,232	$10,413	$250.29	$237.13 - $267.99
Q1 2021	63,822	$17,137	$228.85	$207.42 - $247.83
Q4 2020	59,952	$14,245	$204.73	$176.03 - $223.49
Q3 2020	70,992	$15,192	$179.92	$151.06 - $201.91
Q2 2020	64,692	$11,358	$150.98	$121.35 - $179.10
Q1 2020	26,092	$3,809	$163.63	$100.01 - $194.41
Q4 2019	45,252	$8,785	$165.56	$146.52 - $174.77
Q3 2019	51,132	$9,186	$161.51	$148.22 - $182.44
Q2 2019	34,755	$6,928	$173.34	$164.54 - $184.28
Q1 2019	22,355	$4,178	$150.47	$124.50 - $164.26
Q4 2018	77,755	$11,627	$142.35	$120.21 - $160.07
Q3 2018	13,155	$2,374	$147.16	$128.72 - $161.27
Q2 2018	24,855	$3,750	$125.28	$109.19 - $136.18
Q1 2018	25,155	$3,416	$122.67	$112.62 - $133.63
Q4 2017	15,255	$2,210	$113.99	$106.48 - $124.43
Q3 2017	73,243	$9,686	$102.71	$93.81 - $113.26
Q2 2017	32,773	$3,988	$98.76	$93.02 - $105.49
Q1 2017	66,273	$7,421	$97.78	$88.22 - $104.69
Q4 2016	64,573	$6,978	$83.99	$74.46 - $92.84
Q3 2016	65,873	$6,394	$75.16	$68.43 - $80.53
Q2 2016	56,073	$4,773	$69.72	$63.83 - $76.86
Q1 2016	48,073	$4,002	$61.54	$52.69 - $70.78
Q4 2015	76,173	$6,443	$69.12	$61.01 - $79.94
Q3 2015	79,373	$6,064	$65.12	$57.94 - $70.74
Q2 2015	104,873	$9,162	$77.43	$69.21 - $84.64
Q1 2015	106,673	$10,979	$84.19	$78.29 - $88.38
Q4 2014	104,789	$11,486	$85.81	$79.24 - $92.28
Q3 2014	114,089	$12,732	$82.62	$77.74 - $88.50
Q2 2014	116,589	$12,012	$76.02	$70.92 - $81.20
Q1 2014	113,390	$11,018	$71.41	$66.84 - $75.69
Q4 2013	114,890	$10,665	$65.71	$58.01 - $71.47
Q3 2013	253,990	$19,646	$56.99	$54.14 - $60.17
Q2 2013	108,390	$7,875	$57.67	$53.20 - $61.33