US Bancorp (NYSE: USB) vice chair uses shares to cover tax liabilities

Rhea-AI Filing Summary

US Bancorp Vice Chair Jodi L. Richard reported tax-related share dispositions in common stock. On March 2, Richard disposed of 21,552 shares at $54.66 per share to cover tax liabilities. Additional tax-withholding dispositions were 5,443 shares on February 28 at $54.66 and 3,223 shares on February 27 at $57.26 per share. After these transactions, Richard directly owned 217,572 US Bancorp shares.

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

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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^*

Richard Jodi L

(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)
	Vice Chair

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		3,223	D	$57.26	244,567	D
Common Stock, $0.01 par value	02/28/2026		F		5,443	D	$54.66	239,124	D
Common Stock, $0.01 par value	03/02/2026		F		21,552	D	$54.66	217,572	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 Jodi L. Richard	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 insider transactions did US Bancorp (USB) report for Jodi L. Richard?

US Bancorp reported that Vice Chair Jodi L. Richard disposed shares to satisfy tax obligations. These were classified as tax-withholding transactions under code F, rather than open-market sales, and involved multiple small blocks of common stock over several days.

How many US Bancorp shares were disposed for taxes by Jodi L. Richard?

Jodi L. Richard reported three tax-withholding dispositions: 21,552 shares on March 2, 5,443 shares on February 28, and 3,223 shares on February 27. Each transaction used US Bancorp common stock to cover tax liabilities tied to equity compensation.

At what prices were Jodi L. Richard’s US Bancorp tax-withholding share disposals recorded?

The tax-withholding dispositions were recorded at $54.66 per share on March 2 and February 28, and $57.26 per share on February 27. These prices represent the fair market value used to calculate the tax payments satisfied in shares.

Does Jodi L. Richard still hold US Bancorp (USB) shares after these transactions?

Yes. After the reported tax-withholding dispositions, Jodi L. Richard directly owned 217,572 shares of US Bancorp common stock. This figure reflects her remaining direct holdings immediately following the most recent reported transaction date.

Were Jodi L. Richard’s US Bancorp transactions open-market sales or tax withholdings?

The transactions were tax-withholding dispositions under code F, not open-market sales. Shares were delivered to cover exercise price or tax liabilities tied to equity awards, rather than discretionary buying or selling on the market.

What is the SEC Form 4 code F used in the US Bancorp insider filing?

Code F on Form 4 indicates shares were used to pay an exercise price or tax liability. For US Bancorp, Jodi L. Richard’s transactions used common stock to satisfy tax obligations arising from equity compensation, rather than representing traditional buy or sell orders.