US Bancorp (NYSE: USB) director receives 3,355 fully vested restricted stock units

Rhea-AI Filing Summary

US Bancorp director John Wiehoff received a grant of 3,355 restricted stock units on common stock. These units were fully vested at the time of grant and convert into common shares on a one-for-one basis. The units will be paid in stock when he leaves the Board and is no longer an independent contractor, but are forfeited if his service is terminated for cause.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WIEHOFF JOHN

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	3,355	$0.00	--

Holdings After Transaction: Restricted Stock Units — 3,355 shares (Direct, null)

Footnotes (1)

1. Restricted stock units convert into common stock on a one-for-one basis. 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 Price per RSU: $0.00 per unit Underlying shares: 3,355 shares +1 more

4 metrics

RSUs granted 3,355 units Restricted stock units granted to director on 2026-04-23

Price per RSU $0.00 per unit Grant/award acquisition with no exercise price

Underlying shares 3,355 shares Common stock, $0.01 par value, one-for-one conversion

Post-grant RSU holdings 3,355 units Total restricted stock units following the transaction

Key Terms

Restricted Stock Units, one-for-one basis, forfeited, independent contractor

4 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.

one-for-one basis financial

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

forfeited financial

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

independent contractor financial

"and is not providing services to the Company as an independent contractor"

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^*

WIEHOFF JOHN

(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 John P. Wiehoff	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)

FAQ

What insider transaction did US Bancorp (USB) disclose for John Wiehoff?

US Bancorp reported that director John Wiehoff received a grant of 3,355 restricted stock units. These RSUs are tied to US Bancorp common stock and represent a compensation-related acquisition, not an open-market purchase or sale of shares.

How many US Bancorp (USB) restricted stock units were granted to John Wiehoff?

Director John Wiehoff was granted 3,355 restricted stock units. Each unit represents the right to receive one share of US Bancorp common stock, subject to service-based conditions and potential forfeiture if his Board service ends for cause.

When do John Wiehoff’s US Bancorp (USB) RSUs get paid out?

The 3,355 restricted stock units granted to John Wiehoff are payable in US Bancorp common stock when he stops serving on the Board and is no longer an independent contractor. Payment timing is therefore tied to his departure from ongoing service roles.

Are the US Bancorp (USB) RSUs granted to John Wiehoff already vested?

Yes. The filing states the restricted stock units granted to John Wiehoff were fully vested at the time of grant. Although vested, the units are only settled in common stock upon his departure from the Board and any independent contractor role.

What happens to John Wiehoff’s US Bancorp (USB) RSUs if he is terminated for cause?

If John Wiehoff’s Board service is terminated for cause, all of his restricted stock units are forfeited. This means he would not receive the related US Bancorp common shares, despite the units having been fully vested at grant.