US Bancorp (NYSE: USB) CEO receives 100,167-share 2026 stock award

Rhea-AI Filing Summary

Kedia Gunjan reported acquisition or exercise transactions in this Form 4 filing.

US Bancorp President & CEO Gunjan Kedia reported receiving a grant of 100,167 shares of common stock as a stock-based award. After this award, the executive directly owns 426,262 shares of US Bancorp common stock.

According to the filing, these restricted stock units vest over time: 33% on March 5, 2027 and 2028, and 34% on March 5, 2029. The grant represents 40% of the value of the executive’s 2026 long-term incentive compensation, with the remaining 60% granted as performance-based restricted stock units that will be determined in early 2029 based on company performance from 2026 through 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kedia Gunjan

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.01 par value	100,167	$0.00	--

Holdings After Transaction: Common Stock, $0.01 par value — 426,262 shares (Direct)

Footnotes (1)

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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^*

Kedia Gunjan

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		A		100,167(1)	A	$0.0000	426,262	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:

1. The restricted stock units vest 33% on each of March 5, 2027 and 2028, and 34% on March 5, 2029. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2026. The remaining 60% of the award value was granted in the form of performance-based restricted stock units. The number of units that will be earned and eligible to be settled in shares of common stock will be determined in early 2029 based on the company's performance against certain performance targets from 2026 through 2028 and will be reported at the time of such determination.

	/s/ James L. Chosy by power of attorney for Gunjan Kedia	03/09/2026
	** 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 transaction did US Bancorp (USB) report for CEO Gunjan Kedia?

US Bancorp reported a stock award to its CEO. Gunjan Kedia received 100,167 restricted stock units of common stock as part of 2026 long-term incentive compensation, increasing her direct holdings to 426,262 US Bancorp shares.

How many US Bancorp (USB) shares were granted to the CEO in this Form 4?

The CEO was granted 100,167 restricted stock units. These units represent 40% of Gunjan Kedia’s 2026 long-term incentive compensation and will settle in US Bancorp common stock as they vest over the 2027–2029 period.

What is the vesting schedule for the US Bancorp (USB) CEO’s 100,167 restricted stock units?

The restricted stock units vest in three annual installments. They vest 33% on March 5, 2027, 33% on March 5, 2028, and 34% on March 5, 2029, aligning the CEO’s compensation with multi-year US Bancorp performance.

How much of US Bancorp (USB) CEO’s 2026 long-term incentive is in time-based RSUs?

Time-based RSUs represent 40% of the 2026 long-term award. The remaining 60% is granted as performance-based restricted stock units whose final number will be determined in early 2029 based on US Bancorp’s performance from 2026–2028.

What portion of the US Bancorp (USB) CEO’s award is performance-based stock?

60% of the 2026 long-term incentive award is performance-based. These performance-based restricted stock units will be earned and settled in common shares only if US Bancorp meets specified performance targets measured from 2026 through 2028.

How many US Bancorp (USB) shares does CEO Gunjan Kedia own after this grant?

Gunjan Kedia directly owns 426,262 US Bancorp shares after the grant. The Form 4 shows this updated total ownership following the 100,167-share restricted stock unit award reported as of March 5, 2026.