Timothy A. Welsh - Feb 21, 2024 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role: Vice Chair
Signature: /s/ James L. Chosy by power of attorney for Timothy A. Welsh
Stock symbol: USB
Transactions as of: Feb 21, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/23/2024, 05:14 PM
Previous filing: Jan 19, 2024
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	+41K	+38.35%	$0.00	148K	Feb 21, 2024	Direct	F1
holding	USB	Common Stock, $0.01 par value						4.06K	Feb 21, 2024	By 401(k) plan	F2

* 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.

Content

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.

Based on a plan report dated February 2, 2024, the most recent plan report available.