ANDREW CECERE - 15 Feb 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
Issuer symbol
USB
Transactions as of
15 Feb 2024
Transactions value $
-$96,354
Form type
4
Filing time
16 Feb 2024, 16:54:06 UTC
Previous filing
07 Mar 2023
Next filing
23 Feb 2024
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 $3.76M +93.4K +8.63% $40.32 1.17M 15 Feb 2024 Direct
transaction USB Common Stock, $0.01 par value Sale -$3.86M -93.4K -7.95% $41.35 1.08M 15 Feb 2024 Direct F1
holding USB Common Stock, $0.01 par value 13.9K 15 Feb 2024 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 15 Feb 2024 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 -93.4K -100% $0.00* 0 15 Feb 2024 Common Stock, $0.01 par value 93.4K $40.32 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 $40.90 to $41.71. 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 February 2, 2024, the most recent plan report available.
F3 The options vested in four equal annual installments beginning February 20, 2015.