Andrew Cecere - Feb 29, 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 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 05:18 PM
Previous filing
Feb 23, 2024
Next filing
Mar 5, 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 +105K +8.56% $0.00 1.33M Feb 29, 2024 Direct F1
holding USB Common Stock, $0.01 par value 13.9K Feb 29, 2024 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 Feb 29, 2024 By Spouse
* 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 February 28, 2025 and 2026, and 34% on February 28, 2027. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2024. 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 2027 based on the company's performance against certain performance targets from 2024 through 2026 and will be reported at the time of such determination.
F2 Based on a plan report dated February 29, 2024, the most recent plan report available.