Andrew Cecere - 21 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
21 Feb 2024
Transactions value $
$0
Form type
4
Filing time
23 Feb 2024, 17:01:30 UTC
Previous filing
16 Feb 2024
Next filing
04 Mar 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 Award $0 +144K +13.27% $0.00 1.22M 21 Feb 2024 Direct F1
holding USB Common Stock, $0.01 par value 13.9K 21 Feb 2024 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 21 Feb 2024 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These performance-based restricted stock units vest on March 5, 2024. These units made up 60% of the grant date fair market value of the reporting person's 2021 long-term incentive compensation award granted on March 5, 2021. The number of units earned and eligible to be settled in shares of common stock was determined on February 21, 2024 based on the company's performance against certain preset performance targets during a three-year performance period of January 1, 2021, to December 31, 2023.
F2 Based on a plan report dated February 2, 2024, the most recent plan report available.