US Bancorp (NYSE: USB) SVP granted stock units and deferred shares

Rhea-AI Filing Summary

U.S. Bancorp senior executive Arijit Roy reported equity-based compensation awards. He acquired 13,356 shares of common stock at a grant price of $0.0000, bringing his direct common stock holdings to 47,412 shares after the award.

Roy also acquired 2,175 units of Deferred Compensation Plan Participation at a reference price of $52.3700, which are payable in common stock after his employment with U.S. Bancorp ends. Footnotes explain that the 2026 long-term incentive award is split between time-vested restricted stock units and performance-based restricted stock units, with vesting running from March 5, 2027 through March 5, 2029 and performance measured over 2026–2028.

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

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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^*

Roy Arijit

(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)
	Sr. Exec. VP

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		13,356(1)	A	$0.0000	47,412	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
Deferred Compensation Plan Participation	(2)	03/06/2026		A		2,175		(2)	(2)	Common Stock, $0.01 par value	2,175	$52.37	2,175	D

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.

2. Deferred Compensation Plan Participation is payable in common stock following the termination of the reporting person's employment with U.S. Bancorp.

	/s/ James L. Chosy by power of attorney for Arijit Roy	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did US Bancorp (USB) report for Arijit Roy?

Arijit Roy, Sr. Exec. VP of U.S. Bancorp, reported acquiring 13,356 shares of common stock via a grant and 2,175 Deferred Compensation Plan units. Both represent equity-based compensation awards rather than open-market purchases or sales, increasing his directly held equity exposure to the company.

How many US Bancorp shares does Arijit Roy hold after this Form 4?

Following the reported grant, Arijit Roy directly holds 47,412 shares of U.S. Bancorp common stock. This figure reflects the impact of the 13,356-share award reported in the filing and represents his post-transaction direct ownership position in the company’s common equity.

What are the terms of Arijit Roy’s 2026 restricted stock units from US Bancorp?

The restricted stock units vest 33% on March 5, 2027, 33% on March 5, 2028, and 34% on March 5, 2029. They account for 40% of his 2026 long-term incentive value, with the remaining 60% granted as performance-based restricted stock units tied to multi-year performance.

How are Arijit Roy’s performance-based restricted stock units at US Bancorp determined?

Performance-based restricted stock units will be earned based on U.S. Bancorp’s performance against specific targets from 2026 through 2028. The number of units ultimately earned, and eligible to settle in common stock, will be determined in early 2029 and reported at that time.

When will Arijit Roy’s Deferred Compensation Plan Participation be paid at US Bancorp?

The Deferred Compensation Plan Participation is payable in U.S. Bancorp common stock after Arijit Roy’s employment with the company ends. The filing notes this deferred award structure, meaning shares are not delivered until his service with U.S. Bancorp has terminated.