US Bancorp director granted 3,355 RSUs

Ellison-Taylor Kimberly N reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ellison-Taylor Kimberly N reported acquisition or exercise transactions in this Form 4 filing.

US Bancorp director Kimberly N. Ellison-Taylor received a grant of 3,355 restricted stock units tied to the company’s common stock. These RSUs were fully vested at the time of grant and will be settled in common shares when she leaves the Board and is no longer an independent contractor, unless service ends for cause, in which case the units are forfeited. After this grant, she holds 3,355 RSUs directly.

Insider Trade Summary

Grant/Award: 3,355 shares

Grant/Award 1 txn

Insider Ellison-Taylor Kimberly N

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	3,355	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 3,355 contracts (Direct)

Footnotes (2)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. The restricted stock units were fully vested at the time of grant. Units are payable in common stock when the reporting person ceases to serve on the Board of Directors and is not providing services to the Company as an independent contractor, except that all units are forfeited if the holder's service is terminated for cause.

Key Figures

RSUs granted: 3,355 units RSUs after transaction: 3,355 units Conversion ratio: 1:1 +1 more

4 metrics

RSUs granted 3,355 units Restricted stock units awarded on April 23, 2026

RSUs after transaction 3,355 units Total restricted stock units held directly after grant

Conversion ratio 1:1 Each restricted stock unit converts into one share of common stock

Transaction code A Grant, award, or other acquisition of derivative security

Key Terms

Restricted Stock Units, one-for-one basis, fully vested, terminated for cause, +1 more

5 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

one-for-one basis financial

"Restricted stock units convert into common stock on a one-for-one basis."

fully vested financial

"The restricted stock units were fully vested at the time of grant."

terminated for cause financial

"all units are forfeited if the holder's service is terminated for cause."

Board of Directors financial

"payable in common stock when the reporting person ceases to serve on the Board of Directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did US Bancorp (USB) report for Kimberly N. Ellison-Taylor?

US Bancorp reported a grant of 3,355 restricted stock units to director Kimberly N. Ellison-Taylor. The units are fully vested and represent a form of equity compensation tied to the company’s common stock, rather than an open-market share purchase or sale.

How many US Bancorp (USB) restricted stock units were granted in this Form 4?

The Form 4 shows a grant of 3,355 restricted stock units. Each unit represents the right to receive one share of US Bancorp common stock in the future, subject to the settlement and forfeiture conditions described in the filing’s footnotes.

When will Kimberly N. Ellison-Taylor receive US Bancorp (USB) shares from these RSUs?

The restricted stock units are payable in US Bancorp common stock when Kimberly N. Ellison-Taylor stops serving on the Board of Directors and is no longer an independent contractor. This links the equity compensation’s payout to the conclusion of her board service.

Are the US Bancorp (USB) restricted stock units granted to the director already vested?

Yes. The filing states the restricted stock units were fully vested at the time of grant. Although vested, they will be delivered in shares only when her board service and any independent contractor role with the company both end, subject to the forfeiture terms.

Under what conditions are the US Bancorp (USB) RSUs forfeited for this director?

All restricted stock units are forfeited if Kimberly N. Ellison-Taylor’s service is terminated for cause. This means that while the units are fully vested, they still depend on continued service without a for-cause termination to ultimately be settled in common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/27/2026 - 04:22 PM EDT Learn about SEC filing dates

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^*

Ellison-Taylor Kimberly N

(Last) (First) (Middle)

C/O U.S. BANCORP

800 NICOLLET MALL

(Street)

MINNEAPOLIS MINNESOTA 55402

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
US BANCORP \DE\ [ USB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Restricted Stock Units	(1)	04/23/2026		A		3,355		04/23/2026(2)	(2)	Common Stock, $0.01 par value	3,355	$0.0000	3,355	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. The restricted stock units were fully vested at the time of grant. Units are payable in common stock when the reporting person ceases to serve on the Board of Directors and is not providing services to the Company as an independent contractor, except that all units are forfeited if the holder's service is terminated for cause.

	/s/ James L. Chosy by power of attorney for Kimberly N. Ellison-Taylor	04/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)