US Bancorp (NYSE: USB) EVP receives 15,767-share restricted stock grant

Rhea-AI Filing Summary

Stark Lisa R reported acquisition or exercise transactions in this Form 4 filing.

US Bancorp EVP and Controller Lisa R. Stark received an equity award of 15,767 shares of common stock on March 5, 2026. The award was granted at no cash cost and is structured as restricted stock units.

The restricted stock units vest 33% on each of March 5, 2027 and March 5, 2028, and 34% on March 5, 2029. After this grant, Stark directly holds 53,166 common shares. She also has 1,225 shares held indirectly through a 401(k) plan based on a plan report dated February 27, 2026.

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^*

Stark Lisa R

(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)
	EVP and Controller

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		15,767(1)	A	$0.0000	53,166	D
Common Stock, $0.01 par value								1,225(2)	I	By 401(k) plan

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.

2. Based on a plan report dated February 27, 2026, the most recent plan report available.

	/s/ James L. Chosy by power of attorney for Lisa R. Stark	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.

FAQ

What did USB executive Lisa R. Stark report in this Form 4 filing?

Lisa R. Stark reported an equity award of 15,767 shares of US Bancorp common stock. The grant is in the form of restricted stock units that were awarded at no cash cost and increase her direct ownership position in the company.

How do Lisa R. Stark’s new restricted stock units at USB vest?

The 15,767 restricted stock units vest over three years. They vest 33% on March 5, 2027, another 33% on March 5, 2028, and the remaining 34% on March 5, 2029, subject to the standard conditions tied to such awards.

How many US Bancorp shares does Lisa R. Stark own after this transaction?

After the award, Lisa R. Stark directly owns 53,166 US Bancorp common shares. She also has an indirect holding of 1,225 shares through a 401(k) plan, based on the most recent plan report dated February 27, 2026.

Was Lisa R. Stark’s US Bancorp stock award a market purchase or a grant?

The transaction was a grant, not a market purchase. It is coded as an award acquisition, with 15,767 restricted stock units granted at a price of $0.00 per share as part of her executive compensation package at US Bancorp.

What does the Form 4 reveal about Lisa R. Stark’s US Bancorp 401(k) holdings?

The filing shows 1,225 US Bancorp shares held indirectly through a 401(k) plan. This figure comes from a plan report dated February 27, 2026, which is identified as the most recent plan report available for her retirement plan holdings.