Scott W. Wine - 21 Apr 2022 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Director
Signature
James L. Chosy by power of attorney for Scott W. Wine
Issuer symbol
USB
Transactions as of
21 Apr 2022
Net transactions value
+$139,999
Form type
4
Filing time
25 Apr 2022, 16:27:09 UTC
Previous filing
20 Dec 2021
Next filing
20 Dec 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction USB Deferred Compensation Plan Participation Award $139,999 +2,639 +11% $53.05 26,238 21 Apr 2022 Common Stock, $0.01 par value 2,639 Direct F1, F2
transaction USB Restricted Stock Units Award $0 +3,040 $0.000000 3,040 21 Apr 2022 Common Stock, $0.01 par value 3,040 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred Compensation Plan Participation is payable in common stock when the reporting person ceases to serve on U.S. Bancorp's Board of Directors.
F2 Includes amounts acquired pursuant to dividend reinvestment.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 The restricted stock units were fully vested at the time of grant. Units are payable in common stock in ten equal annual installments when the reporting person ceases to serve on the Board of Directors and is not providing services to the Company as an independent contractor, except that all units are forfeited if the holder's service is terminated for cause.