U.S. Bancorp (USB) director updates deferred stock holdings in Form 4

Rhea-AI Filing Summary

U.S. Bancorp director reports additional deferred stock-based compensation

A director of U.S. Bancorp (USB) reported a routine update to his holdings through a deferred compensation plan. On 12/26/2025, he acquired 82 derivative securities tied to the company’s common stock at a reference price of $54.99, representing 82 shares of common stock underlying the award. These amounts are held in a deferred compensation plan that is payable in U.S. Bancorp common stock when he ceases to serve on the Board of Directors. Following this transaction, he beneficially owned 23,507 derivative securities linked to U.S. Bancorp common stock, which includes amounts acquired through dividend reinvestment.

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
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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^*

WIEHOFF JOHN

(Last) (First) (Middle)

C/O U.S. BANCORP

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/26/2025

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

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
Deferred Compensation Plan Participation	(1)	12/26/2025		A		82		(1)	(1)	Common Stock, $0.01 par value	82	$54.99	23,507(2)	D

Explanation of Responses:

1. Deferred Compensation Plan Participation is payable in common stock when the reporting person ceases to serve on U.S. Bancorp's Board of Directors.

2. Includes amounts acquired pursuant to dividend reinvestment.

	/s/ James L. Chosy by power of attorney for John P. Wiehoff	12/30/2025
	** 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 insider transaction did U.S. Bancorp (USB) disclose in this Form 4?

The filing shows a U.S. Bancorp director acquired 82 derivative securities in a deferred compensation plan on 12/26/2025, each tied to one share of U.S. Bancorp common stock.

What is the nature of the derivative securities reported for U.S. Bancorp (USB)?

The derivative securities represent Deferred Compensation Plan Participation that is payable in U.S. Bancorp common stock when the reporting person ceases to serve on the company’s Board of Directors.

At what price were the new deferred compensation units referenced for U.S. Bancorp (USB)?

The 82 deferred compensation units were recorded at a derivative security price of $54.99, with each unit corresponding to one share of U.S. Bancorp common stock.

How many U.S. Bancorp (USB) derivative securities does the director beneficially own after this transaction?

After the reported transaction, the director beneficially owned 23,507 derivative securities relating to U.S. Bancorp common stock, as indicated in the filing.

Does the U.S. Bancorp (USB) Form 4 mention dividend reinvestment?

Yes. The footnotes state that the reported holdings include amounts acquired pursuant to dividend reinvestment within the deferred compensation plan.

What role does the reporting person hold at U.S. Bancorp (USB)?

The reporting person is identified as a Director of U.S. Bancorp, which is the basis for his participation in the company’s Board-related deferred compensation plan.