James L. Chosy - Feb 27, 2025 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role
Senior EVP and General Counsel
Signature
/s/ James L. Chosy
Stock symbol
USB
Transactions as of
Feb 27, 2025
Transactions value $
$0
Form type
4
Date filed
3/3/2025, 04:37 PM
Previous filing
Feb 13, 2025
Next filing
Mar 4, 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 Award $0 +22.5K +9.98% $0.00 248K Feb 27, 2025 Direct F1
holding USB Common Stock, $0.01 par value 1.44K Feb 27, 2025 By Spouse's Trust
holding USB Common Stock, $0.01 par value 343 Feb 27, 2025 By Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest 33% on each of February 27, 2026 and 2027, and 34% on February 27, 2028. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2025. 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 2028 based on the company's performance against certain performance targets from 2025 through 2027 and will be reported at the time of such determination.