ANDREW CECERE - 04 Feb 2025 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Chairman and CEO, Director
Signature
/s/ James L. Chosy by power of attorney for Andrew Cecere
Issuer symbol
USB
Transactions as of
04 Feb 2025
Transactions value $
-$299,091
Form type
4
Filing time
05 Feb 2025, 17:09:00 UTC
Previous filing
06 Mar 2024
Next filing
13 Feb 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 Options Exercise $4,522,590 +102,044 +8.29% $44.32 1,332,360 04 Feb 2025 Direct
transaction USB Common Stock, $0.01 par value Sale -$4,821,681 -102,044 -7.66% $47.25 1,230,316 04 Feb 2025 Direct F1
holding USB Common Stock, $0.01 par value 14,502 04 Feb 2025 By 401(k) plan F2
holding USB Common Stock, $0.01 par value 341 04 Feb 2025 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 -102,044 -100% $0 0 04 Feb 2025 Common Stock, $0.01 par value 102,044 $44.32 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 $47.25 to $47.265. 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 3, 2025, the most recent plan report available.
F3 The options vested in four equal annual installments beginning on February 19, 2016.