Terrance R. Dolan - Mar 3, 2022 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Vice Chair & CFO
Signature
James L. Chosy by power of attorney for Terrance R. Dolan
Stock symbol
USB
Transactions as of
Mar 3, 2022
Transactions value $
$0
Form type
4
Date filed
3/7/2022, 03:14 PM
Previous filing
Feb 16, 2022
Next filing
Mar 8, 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 +29.8K +21.38% $0.00 169K Mar 3, 2022 Direct F1
holding USB Common Stock, $0.01 par value 6.77K Mar 3, 2022 By 401(k) plan F2
* 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.
F2 Based on a plan report dated February 28, 2022, the most recent plan report available.