About
Claude E. “Ed” Elkins, Jr. is Executive Vice President and Chief Commercial Officer of Norfolk Southern, appointed to the role on December 1, 2021 after serving as Vice President Industrial Products. He leads the company's commercial organization across its merchandise, intermodal, and coal markets. He is one of Norfolk Southern's named executive officers.
Roles
Norfolk Southern Corp.
Executive Vice President and Chief Commercial Officer · Current role
2021–present
Norfolk Southern Corporation
Vice President Industrial Products
—
Fixed Compensation
FY 2025Salary
$675,000
ComponentAnnual base salary
Change in pension value & NQDC earnings
$2,009,988
ComponentChange in pension value and nonqualified deferred compensation earnings
All other compensation
$31,246
ComponentPerquisites and company contributions to defined contribution / savings plans
Total compensation
$6,915,992
Performance Compensation
Data from FY 2025Cash incentive
Annual cash incentive (EMIP)
$1,199,813
FormNon-Equity Incentive Plan Compensation (Executive Management Incentive Plan)
Target Opportunity
—
Annual incentive opportunity150% of base salary
Committee target payout67% for 2025
Stock awards
Stock awards
$2,399,989
FormPerformance share units (PSUs) and restricted share units (RSUs)
PSU vestingThree-year performance cycle ending December 31, 2027
RSU vestingVest ratably over three years
Option awards
$599,957
FormNonqualified stock options granted January 30, 2025
VestingVest and become exercisable on the third anniversary of the grant date
Also at Norfolk Southern Corp.
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