ANDREW CECERE - 12 Dec 2022 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Chairman, President and CEO, Director
Signature
James L. Chosy by power of attorney for Andrew Cecere
Issuer symbol
USB
Transactions as of
12 Dec 2022
Transactions value $
-$808,535
Form type
4
Filing time
14 Dec 2022, 16:02:24 UTC
Previous filing
08 Mar 2022
Next filing
13 Feb 2023
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 Options Exercise $2.89M +84.9K +8.88% $33.99 1.04M 12 Dec 2022 Direct
transaction USB Common Stock, $0.01 par value Sale -$3.7M -84.9K -8.15% $43.51 957K 12 Dec 2022 Direct F1
holding USB Common Stock, $0.01 par value 13K 12 Dec 2022 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 12 Dec 2022 By Spouse

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 Employee Stock Option (Right to Buy) Options Exercise $0 -84.9K -100% $0.00* 0 12 Dec 2022 Common Stock, $0.01 par value 84.9K $33.99 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price in Column 4 is a weighted average price. The prices actually received ranged from $43.50 to $43.525. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 Based on a plan report dated November 30, 2022, the most recent plan report available.
F3 The options vested in four equal annual installments beginning on February 14, 2014.