Andrew Cecere - Feb 15, 2024 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Chairman, President and CEO, Director
Signature
/s/ James L. Chosy by power of attorney for Andrew Cecere
Stock symbol
USB
Transactions as of
Feb 15, 2024
Transactions value $
-$96,354
Form type
4
Date filed
2/16/2024, 04:54 PM
Previous filing
Mar 7, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USB Common Stock, $0.01 par value Options Exercise $3.76M +93.4K +8.63% $40.32 1.17M Feb 15, 2024 Direct
transaction USB Common Stock, $0.01 par value Sale -$3.86M -93.4K -7.95% $41.35 1.08M Feb 15, 2024 Direct F1
holding USB Common Stock, $0.01 par value 13.9K Feb 15, 2024 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 Feb 15, 2024 By Spouse

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 Employee Stock Option (Right to Buy) Options Exercise $0 -93.4K -100% $0.00* 0 Feb 15, 2024 Common Stock, $0.01 par value 93.4K $40.32 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price in Column 4 is a weighted average price. The prices actually received ranged from $40.90 to $41.71. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 Based on a plan report dated February 2, 2024, the most recent plan report available.
F3 The options vested in four equal annual installments beginning February 20, 2015.