Arijit Roy - 27 Feb 2025 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role: Sr. Exec. VP
Signature: /s/ James L. Chosy by power of attorney for Arijit Roy
Issuer symbol: USB
Transactions as of: 27 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2025, 16:51:24 UTC
Previous filing: 07 Feb 2025
Next filing: 04 Mar 2025
SEC: View on sec.gov

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	+13,829	+44%	$0.000000	45,429	27 Feb 2025	Direct	F1

* 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 27, 2026 and 2027, and 34% on February 27, 2028. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2025. 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 2028 based on the company's performance against certain performance targets from 2025 through 2027 and will be reported at the time of such determination.

Content

The restricted stock units vest 33% on each of February 27, 2026 and 2027, and 34% on February 27, 2028. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2025. 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 2028 based on the company's performance against certain performance targets from 2025 through 2027 and will be reported at the time of such determination.