Mark G. Runkel - Feb 21, 2024 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Senior EVP, Chief Transform Of
Signature
/s/ James L. Chosy by power of attorney for Mark G. Runkel
Stock symbol
USB
Transactions as of
Feb 21, 2024
Transactions value $
$0
Form type
4
Date filed
2/23/2024, 05:12 PM
Previous filing
Oct 24, 2023
Next filing
Mar 4, 2024

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 +16.1K +20.28% $0.00 95.6K Feb 21, 2024 Direct F1
holding USB Common Stock, $0.01 par value 420 Feb 21, 2024 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 2.85K Feb 21, 2024 By Trust
* 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 March 5, 2024. These units made up 60% of the grant date fair market value of the reporting person's 2021 long-term incentive compensation award granted on March 5, 2021. The number of units earned and eligible to be settled in shares of common stock was determined on February 21, 2024 based on the company's performance against certain preset performance targets during a three-year performance period of January 1, 2021, to December 31, 2023.
F2 Based on a plan report dated February 2, 2024, the most recent plan report available.