US Bancorp (USB) GC exercises 24711 options, sells 22968 shares
Rhea-AI Filing Summary
US Bancorp Senior EVP and General Counsel James L. Chosy exercised 24711 employee stock options at $55.0100 per share on July 23, 2026, receiving the same number of common shares. He then sold 22968 shares of common stock at $63.2800 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
CHOSY JAMES L
Role
Senior EVP and General Counsel
Sold
22,968 shs ($1.45M)
Approx. gross sale proceeds
$1.45M
Approx. exercise cost
$1.36M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1 | 24,711 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 24,711 | $55.01 | $1.36M |
| Sale | Common Stock, $0.01 par value | 22,968 | $63.28 | $1.45M |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock, $0.01 par value — 252,684 shares (Direct)
Footnotes (1)
- F1. The options vested in four equal installments beginning on February 16, 2018.
Key Figures
Options exercised: 24711 shares
Exercise price: $55.0100 per share
Shares sold: 22968 shares
+3 more
6 metrics
Options exercised
24711 shares
Employee stock options exercised on July 23, 2026
Exercise price
$55.0100 per share
Conversion or exercise price of the employee stock options
Shares sold
22968 shares
Common stock sold on July 23, 2026
Sale price
$63.2800 per share
Reported per-share price for the sale of common stock
Option expiration date
2027-02-16
Expiration date of the employee stock options before exercise
Net buy/sell shares
22968 shares
Net sell volume from buy/sell activity in this Form 4
Key Terms
Employee Stock Option (Right to Buy), derivative security, acquired_disposed_code
3 terms
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
acquired_disposed_code financial
""acquired_disposed_code": "D""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did US Bancorp (USB) report for James L. Chosy?
US Bancorp reported that Senior EVP and General Counsel James L. Chosy exercised 24711 stock options at $55.0100 per share and then sold 22968 common shares at $63.2800 per share on July 23, 2026.
How many US Bancorp (USB) options did James L. Chosy exercise?
James L. Chosy exercised 24711 employee stock options, each convertible into one share of US Bancorp common stock at an exercise price of $55.0100 per share, fully eliminating that option position, which had an original expiration date of February 16, 2027.
What is James L. Chosy’s role at US Bancorp (USB) in this Form 4?
In this Form 4, James L. Chosy is identified as Senior EVP and General Counsel of US Bancorp, making the reported option exercise and share sale an insider transaction by a senior executive with direct ownership of the affected securities.
Were James L. Chosy’s US Bancorp (USB) trades under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there are no footnotes describing a trading plan, so these transactions are reported without being designated as executed under a Rule 10b5-1 trading arrangement.