US Bancorp grants 29,679 RSUs to Vice Chair

US Bancorp Vice Chair Jodi L. Richard received an equity award of 29,679 shares of common stock on March 5, 2026, reported as a grant or other acquisition at no cash cost.

Accepted by SEC EDGAR 03/09/2026 - 04:27 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

US Bancorp Vice Chair Jodi L. Richard received an equity award of 29,679 shares of common stock on March 5, 2026, reported as a grant or other acquisition at no cash cost. Following this award, Richard directly holds 247,251 common shares.

The grant consists of restricted stock units that vest 33% on each of March 5, 2027 and 2028, and 34% on March 5, 2029. These restricted stock units represent 40% of Richard’s 2026 long-term incentive compensation value. The remaining 60% was granted as performance-based restricted stock units, with the number of units ultimately earned to be determined in early 2029 based on US Bancorp’s performance against specified targets for 2026 through 2028.

Insider Trade Summary

Grant/Award: 29,679 shares

Grant/Award 1 txn

Insider Richard Jodi L

Role Vice Chair

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.01 par value	29,679	$0.00	$0.00

Holdings After Transaction: Common Stock, $0.01 par value — 247,251 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.

FAQ

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What did US Bancorp (USB) Vice Chair Jodi L. Richard report in this Form 4?

Jodi L. Richard reported receiving a grant of 29,679 shares of US Bancorp common stock on March 5, 2026. This equity award increased Richard’s directly held shares to 247,251 and forms part of the 2026 long-term incentive compensation package.

How do the new restricted stock units for US Bancorp (USB) Vice Chair vest?

The restricted stock units vest over three years, with 33% vesting on March 5, 2027, another 33% on March 5, 2028, and the remaining 34% on March 5, 2029. This creates a staggered schedule encouraging continued service through 2029.

What portion of Jodi L. Richard’s 2026 long-term incentive at US Bancorp (USB) is in time-based RSUs?

The time-based restricted stock units reported here make up 40% of Richard’s 2026 long-term incentive compensation value. The other 60% is in performance-based restricted stock units, whose final share amount will depend on company performance from 2026 through 2028.

How are the performance-based restricted stock units for US Bancorp (USB) Vice Chair determined?

The performance-based restricted stock units represent 60% of the 2026 long-term incentive value. The number of units ultimately earned will be determined in early 2029, based on US Bancorp’s performance versus specified targets for the 2026–2028 period.

Did Jodi L. Richard pay cash for the 29,679 US Bancorp (USB) shares reported?

No cash was paid for these 29,679 shares; they were reported under transaction code A, indicating a grant, award, or other acquisition. The transaction price per share is listed as $0.0000, consistent with a compensation-based equity award.

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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^*

Richard Jodi L

(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)
	Vice Chair

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		29,679(1)	A	$0.0000	247,251	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 Jodi L. Richard	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.