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

Role: Vice Chair
Signature: James L. Chosy by power of attorney for Shailesh M. Kotwal
Stock symbol: USB
Transactions as of: Feb 9, 2023
Transactions value $: -$596,457
Form type: 4
Date filed: 2/13/2023, 04:04 PM
Previous filing: Mar 8, 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	+30.1K	+36.26%	$0.00	113K	Feb 9, 2023	Direct	F1
transaction	USB	Common Stock, $0.01 par value	Tax liability	-$596K	-12.2K	-10.82%	$48.77	101K	Feb 10, 2023	Direct

* 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.

Content

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.