Key facts
- This page summarizes Timothy A. Welsh's Form 4 filing for US BANCORP \DE\ (USB).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 04 Mar 2024, 17:18.
Timothy A. Welsh - 29 Feb 2024 Form 4 Insider Report for US BANCORP \DE\ (USB)
- Reporting relationship
- Vice Chair
- Issuer ticker
- USB
- Reported as of
- 29 Feb 2024
- Net transaction value
- +$339,750
- SEC form
- 4
- Accepted by SEC
- 04 Mar 2024, 17:18:02 UTC
- Prior SEC filing
- 23 Feb 2024
- Next SEC filing
- 05 Mar 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ James L. Chosy by power of attorney for Timothy A. Welsh
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Timothy A. Welsh filed Form 4 for US BANCORP \DE\ (USB) on 04 Mar 2024.
Change
- Previous filing in this sequence was filed on 23 Feb 2024.
- Current net transaction value: +$339,750.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
USB
transaction
Common Stock, $0.01 par value
Award
- Transaction value
- $0
- Shares
- +47,664
- Change %
- +32%
- Price
- $0.000000
- Shares after
- 195,637
- Date
- 29 Feb 2024
- Ownership
- Direct
- Footnotes
- F1
USB
holding
Common Stock, $0.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,054
- Date
- 29 Feb 2024
- Ownership
- By 401(k) plan
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
USB
transaction
Derivative
Deferred Compensation Plan Participation
Award
- Transaction value
- $339,750
- Shares
- +8,097
- Change %
- +24%
- Price
- $41.96
- Shares after
- 41,151
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock, $0.01 par value
- Underlying amount
- 8,097
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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.
Footnote F2
Based on a plan report dated February 29, 2024, the most recent plan report available.
Footnote F3
Deferred Compensation Plan Participation is payable in common stock following the termination of the reporting person's employment with U.S. Bancorp.
Footnote F4
Includes amounts acquired pursuant to dividend reinvestment.