US Bancorp (USB) Sr. Exec. VP reports tax-withholding share disposition in Form 4

Rhea-AI Filing Summary

US Bancorp Sr. Exec. VP Courtney Kelso reported a tax-related share disposition. On the reported date, Kelso used 1,845 shares of common stock, valued at $57.26 per share, to cover tax obligations. After this non‑market transaction, direct holdings totaled 11,998 shares of US Bancorp common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kelso Courtney

Role Sr. Exec. VP

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, $0.01 par value	1,845	$57.26	$106K

Holdings After Transaction: Common Stock, $0.01 par value — 11,998 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Kelso Courtney

(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)
02/27/2026

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	02/27/2026		F		1,845	D	$57.26	11,998	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:

	/s/ James L. Chosy by power of attorney for Courtney Kelso	03/03/2026
	** 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 US Bancorp (USB) executive Courtney Kelso report on this Form 4?

US Bancorp Sr. Exec. VP Courtney Kelso reported a tax-withholding share disposition. The filing shows 1,845 shares of common stock were delivered to satisfy tax obligations, rather than sold on the open market, with remaining direct ownership of 11,998 shares.

How many US Bancorp (USB) shares were used for tax withholding by Courtney Kelso?

The filing reports that 1,845 US Bancorp common shares were delivered for tax withholding. These shares were valued at $57.26 each for this purpose, reflecting a non-market transaction associated with covering tax liabilities on equity compensation.

Was the Courtney Kelso Form 4 transaction a market sale of US Bancorp (USB) stock?

No, the transaction was characterized as a tax-withholding disposition, not an open-market sale. Shares were surrendered to satisfy tax obligations tied to equity awards, according to the Form 4’s transaction code and description, rather than sold to third-party buyers.

What is Courtney Kelso’s direct ownership in US Bancorp (USB) after this Form 4 event?

After the tax-withholding disposition, Courtney Kelso directly owns 11,998 shares of US Bancorp common stock. This post-transaction balance reflects the remaining holdings following the delivery of 1,845 shares to cover tax liabilities associated with compensation.

What price per share was used in Courtney Kelso’s US Bancorp (USB) tax-withholding transaction?

The Form 4 lists a transaction price of $57.26 per share for the 1,845 shares used to satisfy tax obligations. This price is applied for reporting purposes on the tax-withholding disposition, rather than indicating a typical open-market trade execution.