Jason Zampi, EVP & CFO of Norfolk Southern (NSC), has demonstrated a consistent pattern of selling company stock without any offsetting purchases, according to SEC Form 4 filings. Over 27 reported transactions, all involving NSC, Zampi has exclusively disposed of shares through a combination of automatic and discretionary sales, totaling $212,512 in aggregate value since January 2025. The most recent cluster of transactions occurred between January 26-30, 2026, where four separate sales—ranging from $1,446 to $52,930—liquidated positions acquired through equity awards.
This activity follows a similar pattern from the previous year, when Zampi executed six sales between January 27-30, 2025, with individual transactions valued between $10,033 and $18,008. Notably, all transactions coded "F" (representing dispositions to cover tax obligations) carried measurable dollar values, while those coded "M" (open market sales) and "A" (awards) showed zero value, indicating they were either non-monetary grants or administrative transfers. The absence of any buy transactions and the repeated liquidation of equity compensation suggest a focus on monetizing vested holdings rather than accumulating additional exposure to NSC shares.
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