James L. Chosy - Feb 10, 2022 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role: Senior EVP and General Counsel
Signature: James L. Chosy
Stock symbol: USB
Transactions as of: Feb 10, 2022
Transactions value $: -$78,034
Form type: 4
Date filed: 2/14/2022, 03:10 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	+21.6K	+18.91%	$0.00	136K	Feb 10, 2022	Direct	F1
transaction	USB	Common Stock, $0.01 par value	Tax liability	-$78K	-1.31K	-0.96%	$59.75	135K	Feb 10, 2022	Direct
holding	USB	Common Stock, $0.01 par value						1.44K	Feb 10, 2022	By Spouse's Trust
holding	USB	Common Stock, $0.01 par value						343	Feb 10, 2022	By Trust

* 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.

Content

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.