James L. Chosy - 03 Mar 2022 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Senior EVP and General Counsel
Signature
James L. Chosy
Issuer symbol
USB
Transactions as of
03 Mar 2022
Net transactions value
$0
Form type
4
Filing time
07 Mar 2022, 15:12:00 UTC
Previous filing
16 Feb 2022
Next filing
08 Mar 2022
SEC
View on sec.gov

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 +14,207 +11% $0.000000 138,863 03 Mar 2022 Direct F1
holding USB Common Stock, $0.01 par value 1,443 03 Mar 2022 By Spouse's Trust
holding USB Common Stock, $0.01 par value 343 03 Mar 2022 By Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest 33% on each of March 3, 2023 and 2024, and 34% on March 3, 2025. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2022. The remaining 60% of the award value was granted in the form of performance-based restricted stock units. The number of units that will be earned and eligible to be settled in shares of common stock will be determined in early 2025 based on the company's performance against certain performance targets from 2022 through 2024 and will be reported at the time of such determination.