Norfolk Southern executive expands holdings in railroad

By Christopher Dinsmore
The Virginian-Pilot
© November 19, 2010

A top executive of Norfolk Southern Corp. expanded his stock holdings in the Norfolk-based railroad.

James A. Squires, its executive vice president of finance and chief financial officer, exercised a stock option on Tuesday, giving up just enough shares to pay for the $50,000 transaction.

According to a filing with the Securities and Exchange Commission, Squires exercised an option, set to expire in January, to buy 3,231 shares for $15.475 each.

To pay for them, he surrendered 825 shares valued at $60.66 each.

Squires now owns 41,750 Norfolk Southern shares worth over $2.5 million.

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Posted to: Business

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