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US Bancorp (NYSE: USB) grants 17,807 RSUs to chief technology officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Dilip Venkatachari reported acquisition or exercise transactions in this Form 4 filing.

US Bancorp senior executive Dilip Venkatachari reported an award of 17,807 restricted stock units tied to common stock on March 5, 2026 at no cash cost. These units vest 33% on March 5, 2027, 33% on March 5, 2028, and 34% on March 5, 2029.

The restricted stock units represent 40% of his 2026 long-term incentive compensation award. The remaining 60% was granted as performance-based restricted stock units, with the actual number earned to be set in early 2029 based on company performance from 2026 through 2028.

Positive

  • None.

Negative

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Insider Dilip Venkatachari
Role SEVP & Chief Info & Tech Off
Type Security Shares Price Value
Grant/Award Common Stock, $0.01 par value 17,807 $0.00 $0.00
Holdings After Transaction: Common Stock, $0.01 par value — 85,814 shares (Direct)
Footnotes (1)
  1. F1. The restricted stock units vest 33% on each of March 5, 2027 and 2028, and 34% on March 5, 2029. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2026. 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 2029 based on the company's performance against certain performance targets from 2026 through 2028 and will be reported at the time of such determination.

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FAQ

What did Dilip Venkatachari report in the latest US Bancorp (USB) Form 4?
US Bancorp executive Dilip Venkatachari reported receiving 17,807 restricted stock units on March 5, 2026. The award is part of his 2026 long-term incentive compensation and is tied to US Bancorp common stock with no cash purchase price per unit.

How many restricted stock units did US Bancorp (USB) grant to Dilip Venkatachari?
US Bancorp granted Dilip Venkatachari 17,807 restricted stock units linked to its common stock. This grant represents 40% of the value of his 2026 long-term incentive compensation award, with the remaining value delivered as separate performance-based restricted stock units.

What is the vesting schedule for Dilip Venkatachari’s 2026 US Bancorp restricted stock units?
The 17,807 restricted stock units vest over three years starting in 2027. They vest 33% on March 5, 2027, another 33% on March 5, 2028, and the remaining 34% on March 5, 2029, creating a staggered vesting timeline for the award.

How do the performance-based restricted stock units in US Bancorp’s 2026 award work?
Sixty percent of Dilip Venkatachari’s 2026 long-term incentive value is in performance-based restricted stock units. The number of units actually earned will be determined in early 2029, based on US Bancorp’s performance against specified targets from 2026 through 2028.

Does this US Bancorp (USB) Form 4 show a stock purchase or sale by the executive?
The Form 4 shows an acquisition through a grant, not an open-market trade. Dilip Venkatachari received 17,807 restricted stock units at a reported price of $0.0000 per share, reflecting a compensation award rather than a purchase or sale transaction.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dilip Venkatachari
(Last) (First) (Middle)
800 NICOLLET MALL
(Street)
MINNEAPOLIS MN 55402
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
US BANCORP \DE\ [ USB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SEVP & Chief Info & Tech Off
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value 03/05/2026 A 17,807(1) A $0.0000 85,814 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The restricted stock units vest 33% on each of March 5, 2027 and 2028, and 34% on March 5, 2029. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2026. 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 2029 based on the company's performance against certain performance targets from 2026 through 2028 and will be reported at the time of such determination.
/s/ James L. Chosy by power of attorney for Venkatachari Dilip 03/09/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR