Loretta E. Reynolds - Oct 18, 2022 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Director
Signature
James L. Chosy by power of attorney for Loretta E. Reynolds
Stock symbol
USB
Transactions as of
Oct 18, 2022
Transactions value $
$0
Form type
4
Date filed
10/20/2022, 04:33 PM
Next filing
Apr 24, 2023

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 Restricted Stock Units Award $0 +1.87K $0.00 1.87K Oct 18, 2022 Common Stock, $0.01 par value 1.87K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The restricted stock units were fully vested at the time of grant. Units are payable in common stock 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.