Richard P. McKenney - Apr 18, 2024 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Director
Signature
/s/ James L. Chosy by power of attorney for Richard P. McKenney
Stock symbol
USB
Transactions as of
Apr 18, 2024
Transactions value $
$120,016
Form type
4
Date filed
4/19/2024, 05:00 PM
Previous filing
Mar 5, 2024

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 Deferred Compensation Plan Participation +Grant/Award $120,016 +3,043 +13.48% $39.44 25,616 Apr 18, 2024 Common Stock, $0.01 par value 3,043 Direct F1, F2
transaction USB Restricted Stock Units +Grant/Award $0 +4,691 $0.00 4,691 Apr 18, 2024 Common Stock, $0.01 par value 4,691 Direct F3, F4

Explanation of Responses:

Id Content
F1 Deferred Compensation Plan Participation is payable in common stock when the reporting person ceases to serve on U.S. Bancorp's Board of Directors.
F2 Includes amounts acquired pursuant to dividend reinvestment.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 The restricted stock units were fully vested at the time of grant. Units are payable in common stock in ten equal annual installments when the reporting person ceases to serve on the Board of Directors and is not providing services to the Company as an independent contractor, except that all units are forfeited if the holder's service is terminated for cause.