Andrew Cecere - Feb 10, 2022 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Chairman, President and CEO, Director
Signature
James L. Chosy by power of attorney for Andrew Cecere
Stock symbol
USB
Transactions as of
Feb 10, 2022
Transactions value $
-$396,143
Form type
4
Date filed
2/14/2022, 03:07 PM
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USB Common Stock, $0.01 par value Award $0 +109K +12.83% $0.00 962K Feb 10, 2022 Direct F1
transaction USB Common Stock, $0.01 par value Tax liability -$396K -6.63K -0.69% $59.75 956K Feb 10, 2022 Direct
holding USB Common Stock, $0.01 par value 12.6K Feb 10, 2022 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 Feb 10, 2022 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These performance-based restricted stock units vest on February 14, 2022. These units made up 60% of the grant date fair market value of the reporting person's 2019 long-term incentive compensation award granted on February 14, 2019. The number of units earned and eligible to be settled in shares of common stock was determined on February 10, 2022 based on the company's performance against certain preset performance targets during a three-year performance period of January 1, 2019, to December 31, 2021.
F2 Based on a plan report dated February 4, 2022, the most recent plan report available.