US Bancorp director granted 3,355 RSUs

Mehdi Yusuf I reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Mehdi Yusuf I reported acquisition or exercise transactions in this Form 4 filing.

US Bancorp director Mehdi Yusuf I received a grant of 3,355 restricted stock units (RSUs) tied to the company’s common stock. The award was recorded at a price of $0.00 per unit as a compensation grant, not an open-market purchase or sale.

The RSUs were fully vested at the time of grant and will be settled in common shares on a one-for-one basis when the director stops serving on the Board of Directors and is no longer an independent contractor. All units are forfeited if service is terminated for cause. Following this grant, the director holds 3,355 RSUs directly.

Insider Trade Summary

Grant/Award: 3,355 shares

Grant/Award 1 txn

Insider Mehdi Yusuf I

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 Grant price: $0.00 per unit RSUs outstanding after grant: 3,355 units +1 more

4 metrics

RSUs granted 3,355 units Restricted stock unit award on 2026-04-23

Grant price $0.00 per unit Recorded value for compensation grant

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

Underlying common stock 3,355 shares Common stock issuable on a one-for-one basis

Key Terms

Restricted Stock Units, one-for-one basis, for cause, Board of Directors

4 terms

Restricted Stock Units financial

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

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."

for cause financial

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

"For cause" is a contractual standard used when an employer, board, or other party removes someone because they violated rules, broke the contract, committed misconduct, or failed to do their required job. It matters to investors because a "for cause" finding often limits payouts, affects whether stock awards or buyout protections kick in, and signals higher leadership or governance risk—think of it as being fired for a specific reason rather than let go for business reasons.

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 Mehdi Yusuf I?

US Bancorp reported that director Mehdi Yusuf I received 3,355 restricted stock units as a compensation award. The RSUs convert into common stock on a one-for-one basis and were granted at a recorded price of $0.00 per unit, reflecting a non-cash grant.

Are the US Bancorp (USB) RSUs granted to Mehdi Yusuf I already vested?

Yes, the restricted stock units granted to Mehdi Yusuf I were fully vested at the time of grant. Although vested, the units are payable in common stock only when he ceases Board service and is not an independent contractor, subject to forfeiture if service ends for cause.

When will Mehdi Yusuf I receive US Bancorp (USB) shares from these RSUs?

The RSUs are payable in US Bancorp common stock when Mehdi Yusuf I stops serving on the Board and is no longer an independent contractor. Until that separation event occurs, the 3,355 units remain outstanding as deferred stock-based compensation subject to the stated conditions.

What happens to the 3,355 US Bancorp (USB) RSUs if Mehdi Yusuf I is terminated for cause?

If Mehdi Yusuf I’s service is terminated for cause, all 3,355 restricted stock units are forfeited. This means he would not receive any US Bancorp common shares from this award in that scenario, despite the units having been fully vested at the time of grant.

How many US Bancorp (USB) RSUs does Mehdi Yusuf I hold after this Form 4 transaction?

After this reported transaction, Mehdi Yusuf I holds 3,355 restricted stock units directly. Each unit represents a right to receive one share of US Bancorp common stock in the future, subject to the service-based payout and forfeiture conditions described in the filing’s footnotes.

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

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Accepted by SEC EDGAR 04/27/2026 - 04:25 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^*

Mehdi Yusuf I

(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 Yusuf I. Mehdi	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)