Andrew Cecere - Feb 9, 2023 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Chairman, President and CEO, Director
Signature
James L. Chosy by power of attorney for Andrew Cecere
Stock symbol
USB
Transactions as of
Feb 9, 2023
Transactions value $
-$2,812,761
Form type
4
Date filed
2/13/2023, 03:58 PM
Previous filing
Dec 14, 2022
Next filing
Mar 6, 2023

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 +112K +11.76% $0.00 1.07M Feb 9, 2023 Direct F1
transaction USB Common Stock, $0.01 par value Tax liability -$2.81M -57.7K -5.39% $48.77 1.01M Feb 10, 2023 Direct
holding USB Common Stock, $0.01 par value 13.2K Feb 9, 2023 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 Feb 9, 2023 By Spouse
* 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 10, 2023. These units made up 60% of the grant date fair market value of the reporting person's 2020 long-term incentive compensation award granted on February 10, 2020. The number of units earned and eligible to be settled in shares of common stock was determined on February 9, 2023 based on the company's performance against certain preset performance targets during a three-year performance period of January 1, 2020, to December 31, 2022.
F2 Based on a plan report dated February 3, 2023, the most recent plan report available.