Home › Companies › NORFOLK SOUTHERN CORP. › 2024-2025

NORFOLK SOUTHERN CORP. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and NORFOLK SOUTHERN CORP.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 23Reported items
  • 1,128Asset managers
  • 12,101Fund votes
  • 2025-05-08Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore NORFOLK SOUTHERN CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by NORFOLK SOUTHERN CORP.

These tallies are NORFOLK SOUTHERN CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

NORFOLK SOUTHERN CORP. — official shareholder meeting results, meeting held 2025-05-08
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Richard H. Anderson 170,264,499---- 2,998,54927,436,370 Majority: yes
Elect Director: William Clyburn, Jr. 169,973,277---- 3,289,80227,436,338 Majority: yes
Elect Director: Philip S. Davidson 171,670,469---- 1,592,57727,436,371 Majority: yes
Elect Director: Francesca A. DeBiase 168,120,576---- 5,142,47327,436,368 Majority: yes
Elect Director: Marcela E. Donadio 169,362,977---- 3,900,07627,436,365 Majority: yes
Elect Director: Sameh Fahmy 171,069,741---- 2,193,35027,436,326 Majority: yes
Elect Director: Mark R. George 171,317,566---- 1,945,52227,436,329 Majority: yes
Elect Director: Mary K. Heitkamp 170,267,443---- 2,995,60227,436,372 Majority: yes
Elect Director: John C. Huffard, Jr. 168,248,578---- 5,014,46927,436,370 Majority: yes
Elect Director: Christopher T. Jones 170,586,051---- 2,676,99127,436,375 Majority: yes
Elect Director: Gilbert H. Lamphere 170,764,604---- 2,498,48027,436,333 Majority: yes
Elect Director: Claude Mongeau 168,986,274---- 4,275,12327,438,020 Majority: yes
Elect Director: Lori J. Ryerkerk 171,562,177---- 1,700,86727,436,373 Majority: yes
Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm Shareholders ratified the appointment of KPMG LLP as the Corporation's independent registered public accounting firm for the year ending December 31, 2025, by the followin 190,047,66810,337,467314,281 ---- Majority: yes
Proposal 3: Advisory Resolution on Executive Compensation ("Say on Pay") Shareholders approved, on an advisory basis, the resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meeting of Shareholders, by the following co 164,352,8358,166,851742,206 --27,437,524 Majority: yes

Source: NORFOLK SOUTHERN CORP., Form 8-K — read the filing on EDGAR.

How asset managers voted at the NORFOLK SOUTHERN CORP. 2024-2025 meeting

Each item below shows how the 1,128 asset managers that disclosed a NORFOLK SOUTHERN CORP. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of NORFOLK SOUTHERN CORP.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approval of the advisory resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meeting of Shareholders.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 32 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 164,352,835AGAINST: 8,166,851

NORFOLK SOUTHERN CORP.’s own tally for this item (“Proposal 3: Advisory Resolution on Executive Compensation ("Say on Pay") Shareholders approved, on an advisory basis, the resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meet”): 164,352,835 for, 8,166,851 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 73% for, 4% against (77% of the company cast a for/against vote).

The 1,069 asset managers below cast 97% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 97%
FOR: 97.5%AGAINST: 2.5%ABSTAIN: 0.0%NOT VOTED: 0.0%0: 0.0%WITHHOLD/ABSTAIN: 0.0%
Largest asset managers voting on “Approval of the advisory resolution on executive compensation, as disclosed in the proxy statement for the 202” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard22,601,1110 00For
Dodge & Cox18,167,2290 00For
T. Rowe Price15,896,6740 00For
Fidelity11,976,8050 00For
BlackRock11,437,155130 00For
State Street7,592,3830 00For
American Century6,928,8280 00For
GEODE CAPITAL MANAGEMENT, LLC4,731,7980 00For
Lazard3,919,5070 00For
EdgePoint Investment Group Inc.3,656,4170 00For
JPMorgan3,645,5530 00For
Boston Partners3,610,5510 00For
Capital Group3,497,1390 00For
Invesco3,234,8830 00For
John Hancock3,093,7830 00For
Charles Schwab2,911,9860 00For
Northern Trust2,670,0680 00For
Dimensional1,820,8820 00For
Ancora Advisors LLC1,644,9850 00For
LONDON CO OF VIRGINIA1,531,9370 00For
UBS1,391,6178,595 00For
Legal & General Investment Management Ltd42,4701,304,042 00Against
Global X1,086,3250 00For
MELLON INVESTMENTS Corp939,5500 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC933,3370 00For

Showing the 25 largest of 1,069 asset managers. See all 1,069 in the interactive database.

2. Ratification of the appointment of KPMG LLP, independent registered public accounting firm, as Norfolk Southern's independent auditors for the year ending December 31, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 7 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 190,047,668AGAINST: 10,337,467

NORFOLK SOUTHERN CORP.’s own tally for this item (“Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm Shareholders ratified the appointment of KPMG LLP as the Corporation's independent registered public accounting firm for the year e”): 190,047,668 for, 10,337,467 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 84% for, 5% against (89% of the company cast a for/against vote).

The 172 asset managers below cast 99.4% of the shares they voted on this item FOR (75,195,304 for, 412,208 against).

FOR 99.4%
FOR: 75,195,304 (99.4%)AGAINST: 412,208 (0.5%)ABSTAIN: 5,290 (0.0%)UNKNOWN: 141 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Ratification of the appointment of KPMG LLP, independent registered public accounting firm, as Norfolk Souther” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,091,909799 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,35231 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National455,35368,856 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse247,633746 5,2640For

Showing the 25 largest of 172 asset managers. See all 172 in the interactive database.

3. Election of Directors: Richard H. Anderson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 170,264,499WITHHELD: 2,998,549

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Richard H. Anderson”): 170,264,499 for, 2,998,549 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 76% for, 1% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,593,686 for, 1,056 against).

FOR 99.9%
FOR: 75,593,686 (100.0%)AGAINST: 1,056 (0.0%)ABSTAIN: 5,292 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Richard H. Anderson” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

4. Election of Directors: William Clyburn, Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 169,973,277WITHHELD: 3,289,802

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: William Clyburn, Jr.”): 169,973,277 for, 3,289,802 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 75% for, 1% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,592,175 for, 2,557 against).

FOR 99.9%
FOR: 75,592,175 (100.0%)AGAINST: 2,557 (0.0%)ABSTAIN: 5,302 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: William Clyburn, Jr.” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,091,909799 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,965,9141,281 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

5. Election of Directors: Philip S. Davidson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 171,670,469WITHHELD: 1,592,577

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Philip S. Davidson”): 171,670,469 for, 1,592,577 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 76% for, 0.8% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,594,602 for, 139 against).

FOR 99.9%
FOR: 75,594,602 (100.0%)AGAINST: 139 (0.0%)ABSTAIN: 5,292 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Philip S. Davidson” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

6. Election of Directors: Francesca A. DeBiase

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 7 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 168,120,576WITHHELD: 5,142,473

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Francesca A. DeBiase”): 168,120,576 for, 5,142,473 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 75% for, 2% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,581,098 for, 3,838 against).

FOR 99.9%
FOR: 75,581,098 (100.0%)AGAINST: 3,838 (0.0%)ABSTAIN: 15,098 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Francesca A. DeBiase” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse247,633746 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

7. Election of Directors: Marcela E. Donadio

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 169,362,977WITHHELD: 3,900,076

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Marcela E. Donadio”): 169,362,977 for, 3,900,076 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 75% for, 2% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.8% of the shares they voted on this item FOR (75,498,487 for, 96,245 against).

FOR 99.8%
FOR: 75,498,487 (99.9%)AGAINST: 96,245 (0.1%)ABSTAIN: 5,302 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Marcela E. Donadio” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National455,35368,856 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

8. Election of Directors: Sameh Fahmy

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 171,069,741WITHHELD: 2,193,350

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Sameh Fahmy”): 171,069,741 for, 2,193,350 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 76% for, 1.0% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,594,536 for, 207 against).

FOR 99.9%
FOR: 75,594,536 (100.0%)AGAINST: 207 (0.0%)ABSTAIN: 5,291 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Sameh Fahmy” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

9. Election of Directors: Mark R. George

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 171,317,566WITHHELD: 1,945,522

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Mark R. George”): 171,317,566 for, 1,945,522 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 76% for, 0.9% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.8% of the shares they voted on this item FOR (75,504,864 for, 89,879 against).

FOR 99.8%
FOR: 75,504,864 (99.9%)AGAINST: 89,879 (0.1%)ABSTAIN: 5,290 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Mark R. George” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

10. Election of Directors: Mary K. Heitkamp

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 170,267,443WITHHELD: 2,995,602

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Mary K. Heitkamp”): 170,267,443 for, 2,995,602 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 76% for, 1% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,594,287 for, 449 against).

FOR 99.9%
FOR: 75,594,287 (100.0%)AGAINST: 449 (0.0%)ABSTAIN: 5,298 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Mary K. Heitkamp” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

11. Election of Directors: John C. Huffard, Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 168,248,578WITHHELD: 5,014,469

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: John C. Huffard, Jr.”): 168,248,578 for, 5,014,469 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 75% for, 2% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,593,467 for, 1,274 against).

FOR 99.9%
FOR: 75,593,467 (100.0%)AGAINST: 1,274 (0.0%)ABSTAIN: 5,293 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: John C. Huffard, Jr.” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

12. Election of Directors: Christopher T. Jones

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 170,586,051WITHHELD: 2,676,991

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Christopher T. Jones”): 170,586,051 for, 2,676,991 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 76% for, 1% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,594,484 for, 258 against).

FOR 99.9%
FOR: 75,594,484 (100.0%)AGAINST: 258 (0.0%)ABSTAIN: 5,292 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Christopher T. Jones” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

13. Election of Directors: Gilbert H. Lamphere

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 170,764,604WITHHELD: 2,498,480

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Gilbert H. Lamphere”): 170,764,604 for, 2,498,480 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 76% for, 1% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,593,742 for, 1,001 against).

FOR 99.9%
FOR: 75,593,742 (100.0%)AGAINST: 1,001 (0.0%)ABSTAIN: 5,291 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Gilbert H. Lamphere” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

14. Election of Directors: Claude Mongeau

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 168,986,274WITHHELD: 4,275,123

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Claude Mongeau”): 168,986,274 for, 4,275,123 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 75% for, 2% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,586,543 for, 8,155 against).

FOR 99.9%
FOR: 75,586,543 (100.0%)AGAINST: 8,155 (0.0%)ABSTAIN: 5,335 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Claude Mongeau” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,091,909799 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,965,9141,281 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,079,9855,264 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

15. Election of Directors: Lori J. Ryerkerk

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 171,562,177WITHHELD: 1,700,867

NORFOLK SOUTHERN CORP.’s own tally for this item (“Elect Director: Lori J. Ryerkerk”): 171,562,177 for, 1,700,867 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 76% for, 0.8% withheld (77% of the company cast a for/withheld vote).

The 167 asset managers below cast 99.9% of the shares they voted on this item FOR (75,593,831 for, 911 against).

FOR 99.9%
FOR: 75,593,831 (100.0%)AGAINST: 911 (0.0%)ABSTAIN: 5,291 (0.0%)WITHHOLD/ABSTAIN: 1 (0.0%)
Largest asset managers voting on “Election of Directors: Lori J. Ryerkerk” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,092,7080 00For
Dodge & Cox8,156,7000 00For
Fidelity7,456,1350 00For
BlackRock4,967,1950 00For
T. Rowe Price4,700,6080 00For
American Century4,030,1020 00For
JPMorgan3,238,7680 00For
John Hancock2,670,1360 00For
State Street1,820,3830 00For
Capital Group1,687,0370 00For
Lazard1,623,0220 00For
Dimensional1,552,7450 00For
Invesco1,516,0050 00For
Charles Schwab1,402,6680 00For
Global X1,085,2490 00For
Bridge Builder Trust546,9080 00For
Jackson National524,2090 00For
MFS471,9260 00For
TIAA442,7630 00For
Columbia Threadneedle391,3730 00For
MASTER INVESTMENT PORTFOLIO341,5520 00For
Franklin Custodian Funds300,0000 00For
WisdomTree277,6770 00For
Northern Trust262,8360 00For
Brighthouse248,3790 5,2640For

Showing the 25 largest of 167 asset managers. See all 167 in the interactive database.

16. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-08.

95% Majority: yes · of votes cast

FOR 95%
FOR: 164,352,835AGAINST: 8,166,851

NORFOLK SOUTHERN CORP.’s own tally for this item (“Proposal 3: Advisory Resolution on Executive Compensation ("Say on Pay") Shareholders approved, on an advisory basis, the resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meet”): 164,352,835 for, 8,166,851 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 73% for, 4% against (77% of the company cast a for/against vote).

The 34 asset managers below cast 88% of the shares they voted on this item FOR (5,896,852 for, 815,486 against).

FOR 88%12%
FOR: 5,896,852 (87.8%)AGAINST: 815,486 (12.1%)ABSTAIN: 7,689 (0.1%)
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
JPMorgan4,762,2190 00For
ADAGE CAPITAL PARTNERS GP, L.L.C.692,1970 00For
APG Asset Management US Inc.0485,279 00Against
Cornerstone Investment Partners, LLC183,0630 00For
Desjardins Global Asset Management Inc.0154,418 00Against
NORDEA INVESTMENT MANAGEMENT AB094,923 00Against
TD ASSET MANAGEMENT INC82,2070 00For
Cardano Risk Management B.V.078,222 00Against
GuideStone63,2220 00For
Empower31,0900 00For
Ausbil Investment Management Ltd19,9390 00For
TD Waterhouse Canada Inc.13,9790 00For
Wilshire Advisors LLC8,4590 00For
Sone Capital Management, LLC7160 7,6890Abstain
WHITENER CAPITAL MANAGEMENT, INC.6,8470 00For
FAYEZ SAROFIM & CO6,4720 00For
SIERRA SUMMIT ADVISORS LLC5,4680 00For
HC CAPITAL TRUST5,3450 00For
Metzler Asset Management GmbH4,5860 00For
WASHINGTON CAPITAL MANAGEMENT, INC3,9800 00For
CLEARWATER INVESTMENT TRUST2,4770 00For
Athena Investment Management02,119 00Against
BEACON INVESTMENT ADVISORY SERVICES, INC.1,3790 00For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma8400 00For
Multi-Select Securities Fund for Puerto Rico Residents7810 00For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

17. Approval of the advisory resolution on executive compensation, as disclosed in the Norfolk Southern's proxy statement for the 2024 Annual Meeting.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: no

Meeting held 2024-05-09 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

28% Majority: no · of votes cast

FOR 28%AGAINST 72%
FOR: 47,617,715AGAINST: 122,902,245

NORFOLK SOUTHERN CORP.’s own tally for this item (“Proposal 3: Advisory Resolution on Executive Compensation ("Say on Pay") Shareholders did not approve the advisory resolution on executive compensation, by the following count:”): 47,617,715 for, 122,902,245 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 21% for, 54.5% against (76% of the company cast a for/against vote).

The 8 asset managers below cast 3% of the shares they voted on this item FOR (589 for, 20,392 against).

AGAINST 97%
FOR: 589 (2.8%)AGAINST: 20,392 (97.2%)
Largest asset managers voting on “Approval of the advisory resolution on executive compensation, as disclosed in the Norfolk Southern's proxy st” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
VAUGHAN DAVID INVESTMENTS LLC/IL017,474 00Against
COLDSTREAM CAPITAL MANAGEMENT INC02,001 00Against
DIVIDEND ASSETS CAPITAL, LLC0917 00Against
Ipswich Investment Management Co., Inc.3850 00For
Sky Investment Group LLC1290 00For
Americana Partners, LLC750 00For
Echo45 Advisors LLC00 00--
Seascape Capital Management00 00--

18. Advisory vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 164,352,835AGAINST: 8,166,851

NORFOLK SOUTHERN CORP.’s own tally for this item (“Proposal 3: Advisory Resolution on Executive Compensation ("Say on Pay") Shareholders approved, on an advisory basis, the resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meet”): 164,352,835 for, 8,166,851 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 73% for, 4% against (77% of the company cast a for/against vote).

The 4 asset managers below cast 100% of the shares they voted on this item FOR (4,562 for, 0 against).

FOR 100%
FOR: 4,562 (100.0%)
Largest asset managers voting on “Advisory vote to Approve Named Executive Officer Compensation” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
ST GERMAIN D J CO INC3,3070 00For
NTV ASSET MANAGEMENT LLC9400 00For
Parisi Gray Wealth Management1840 00For
EAGLE HARBOR ASSET MANAGEMENT INC /ADV1310 00For

19. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-05-08.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%
Largest asset managers voting on “Election of Directors (Majority Voting)” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
HARBOUR INVESTMENT MANAGEMENT LLC153,7770 00For
ESL Trust Services, LLC5940 00For
VOISARD ASSET MANAGEMENT GROUP, INC.1950 00For

20. COMPENSATION

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-08.

95% Majority: yes · of votes cast

FOR 95%
FOR: 164,352,835AGAINST: 8,166,851

NORFOLK SOUTHERN CORP.’s own tally for this item (“Proposal 3: Advisory Resolution on Executive Compensation ("Say on Pay") Shareholders approved, on an advisory basis, the resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meet”): 164,352,835 for, 8,166,851 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 73% for, 4% against (77% of the company cast a for/against vote).

The 2 asset managers below cast 100% of the shares they voted on this item FOR (2,659 for, 0 against).

FOR 100%
FOR: 2,659 (100.0%)
Largest asset managers voting on “COMPENSATION” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Members Trust Co1,6090 00For
Capital Group1,0500 00For

21. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-05-08.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,648 for, 0 against).

FOR: 1,648 (100.0%)
Largest asset managers voting on “Director Elections” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Members Trust Co1,6090 00For
Ballew Advisors, Inc390 00For

22. Executive Salary

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (83 for, 0 against).

FOR: 83 (100.0%)
Largest asset managers voting on “Executive Salary” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Bell & Brown Wealth Advisors, LLC440 00For
Northside Capital Management, LLC390 00For

23. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-08.

95% Majority: yes · of votes cast

FOR 95%
FOR: 164,352,835AGAINST: 8,166,851

NORFOLK SOUTHERN CORP.’s own tally for this item (“Proposal 3: Advisory Resolution on Executive Compensation ("Say on Pay") Shareholders approved, on an advisory basis, the resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meet”): 164,352,835 for, 8,166,851 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 225,443,501 outstanding shares: 73% for, 4% against (77% of the company cast a for/against vote).

The 2 asset managers below cast 100% of the shares they voted on this item FOR (6,173 for, 0 against).

FOR 100%
FOR: 6,173 (100.0%)
Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at NORFOLK SOUTHERN CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Pinnacle Family Advisors, LLC6,0550 00For
Lido Advisors, LLC1180 00For

Largest NORFOLK SOUTHERN CORP. shareholders voting in 2024-2025

Ranked by the number of NORFOLK SOUTHERN CORP. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 225,443,501 shares outstanding at the time of that meeting.

Top NORFOLK SOUTHERN CORP. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 10.03%
2Dodge & Cox 8.06%
3T. Rowe Price 7.05%
4Fidelity 5.31%
5BlackRock 5.07%
6State Street 3.37%
7American Century 3.07%
8GEODE CAPITAL MANAGEMENT, LLC 2.10%
9Lazard 1.74%
10EdgePoint Investment Group Inc. 1.62%

Reported NORFOLK SOUTHERN CORP. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

NORFOLK SOUTHERN CORP. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
The Vanguard Group 8.22% DEF14A
BlackRock, Inc. 6.44% DEF14A
T. Rowe Price 5.02% 13F
State Street 4.20% 13F
JPMorgan Chase 3.32% 13F
Geode Capital 2.12% 13F
FMR (Fidelity) 1.81% 13F
Northern Trust 1.32% 13F
Morgan Stanley 1.08% 13F
Norges Bank 1.05% 13F

Percentages above are of 225,443,501 shares outstanding, as reported by NORFOLK SOUTHERN CORP. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NORFOLK SOUTHERN CORP.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At NORFOLK SOUTHERN CORP.'s shareholder meeting held 2025-05-08, in the 2024-2025 proxy season, 1,128 asset managers reported how they voted in their SEC Form N-PX filings, covering 12,101 separate fund positions. Their filings are grouped here into 23 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Approval of the advisory resolution on executive compensation, as disclosed in the proxy… — FOR was 95% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: NORFOLK SOUTHERN CORP.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

NORFOLK SOUTHERN CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.