Elcio R.T. Barcelos - Mar 2, 2023 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Senior EVP, Chief HR Officer
Signature
James L. Chosy by power of attorney for Elcio R.T. Barcelos
Stock symbol
USB
Transactions as of
Mar 2, 2023
Transactions value $
-$96,695
Form type
4
Date filed
3/6/2023, 03:56 PM
Previous filing
Mar 8, 2022
Next filing
Mar 7, 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 +19K +73.35% $0.00 44.9K Mar 2, 2023 Direct F1
transaction USB Common Stock, $0.01 par value Tax liability -$96.7K -2.09K -4.65% $46.31 42.8K Mar 3, 2023 Direct
* 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 2, 2024 and 2025, and 34% on March 2, 2026. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2023. 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 2026 based on the company's performance against certain performance targets from 2023 through 2025 and will be reported at the time of such determination.