US Bancorp director granted stock and deferred units
US Bancorp director Roland A. Hernandez reported equity-based awards tied to the company’s common stock.
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Form Type
4
Rhea-AI Filing Summary
US Bancorp director Roland A. Hernandez reported equity-based awards tied to the company’s common stock. He acquired 3,355 restricted stock units that each convert into one share of common stock. These units were fully vested at grant and will be paid in stock when he ceases serving on the Board, unless service ends for cause.
He also acquired 3,885 units under a Deferred Compensation Plan Participation at a reference price of $56.63 per share, bringing his deferred stock-based balance under that plan to 31,629 units. Amounts in the plan include shares accumulated through dividend reinvestment and are payable in common stock when his board service ends.
Insider Trade Summary
Grant/Award: 7,240 shares
Grant/Award
2 txns
Insider
HERNANDEZ ROLAND A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Compensation Plan Participation | 3,885 | $56.63 | $220K |
| Grant/Award | Restricted Stock Units | 3,355 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Compensation Plan Participation — 31,629 contracts (Direct);
Restricted Stock Units — 3,355 contracts (Direct)
Footnotes (4)
- F1. Deferred Compensation Plan Participation is payable in common stock when the reporting person ceases to serve on U.S. Bancorp's Board of Directors.
- F2. Includes amounts acquired pursuant to dividend reinvestment.
- F3. Restricted stock units convert into common stock on a one-for-one basis.
- F4. 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
Restricted stock units granted: 3,355 units
Deferred compensation units acquired: 3,885 units
Deferred plan reference price: $56.63 per unit
+2 more
5 metrics
Restricted stock units granted
3,355 units
Fully vested RSUs, one-for-one into common stock
Deferred compensation units acquired
3,885 units
Deferred Compensation Plan Participation on common stock
Deferred plan reference price
$56.63 per unit
Price used for 3,885 deferred compensation units
Deferred units after transaction
31,629 units
Total Deferred Compensation Plan Participation units
RSU holdings after grant
3,355 units
Total restricted stock units following the transaction
Key Terms
Restricted Stock Units, Deferred Compensation Plan Participation, dividend reinvestment, one-for-one basis, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units were fully vested at the time of grant."
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.
Deferred Compensation Plan Participation financial
"Deferred Compensation Plan Participation is payable in common stock when the reporting person ceases to serve"
dividend reinvestment financial
"Includes amounts acquired pursuant to dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
terminated for cause financial
"all units are forfeited if the holder's service is terminated for cause."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did US Bancorp (USB) director Roland A. Hernandez report?
Roland A. Hernandez reported acquiring equity-based awards linked to US Bancorp common stock. He received 3,355 restricted stock units and 3,885 units in a Deferred Compensation Plan Participation, both payable in common stock when his service on the Board of Directors ends.
How many restricted stock units did Roland A. Hernandez receive from US Bancorp?
He received 3,355 restricted stock units tied to US Bancorp common stock. These units were fully vested at the time of grant and convert into common shares on a one-for-one basis, payable in stock when he ceases serving on the company’s Board of Directors.
What is the Deferred Compensation Plan Participation reported by US Bancorp’s director?
The Deferred Compensation Plan Participation represents 3,885 units credited at $56.63 per unit, linked to US Bancorp common stock. These deferred units, including amounts from dividend reinvestment, are payable in common stock when Roland A. Hernandez stops serving on the Board of Directors.
When will Roland A. Hernandez receive US Bancorp common stock for these awards?
Both the restricted stock units and deferred compensation units are payable in US Bancorp common stock when he ceases to serve on the Board. For restricted stock units, payment also requires that he is not then providing services as an independent contractor to the company.
Are Roland A. Hernandez’s US Bancorp restricted stock units subject to forfeiture?
Yes. Although the restricted stock units were fully vested at grant, they will be forfeited if his service is terminated for cause. Otherwise, the units are payable in US Bancorp common stock when he ceases to serve on the Board and is not an independent contractor.
How many deferred stock-based units does Roland A. Hernandez hold after these US Bancorp transactions?
After the reported acquisition of 3,885 additional units, he holds 31,629 units under the Deferred Compensation Plan Participation. These units are tied to US Bancorp common stock and include amounts acquired through the plan’s dividend reinvestment feature.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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