Norfolk Southern President and CEO, Alan Shaw has announced on Thursday that he will be funding scholarships for students in East Palestine.

According to a press release from Norfolk Southern, Shaw will be using the entirety of his pre-scheduled stock sale of $445,000 to fund scholarships for these students.

The scholarships would be inclusive of four-year colleges and universities along with two-year vocational schools. 

This comes after Norfolk Southern previously reimbursed the East Palestine School District $300,000 for revenue lost due to canceled sporting events and reimbursed the fire department $825,000 for equipment replacements.