US Bancorp (NYSE: USB) vice chair covers taxes with 12,250 shares

Rhea-AI Filing Summary

US Bancorp Vice Chair Mark G. Runkel reported tax-related share dispositions in company stock. On February 27–March 2, 2026, he used a total of 12,250 shares of common stock in code F tax-withholding transactions at prices of $54.66 and $57.26 per share to cover tax liabilities on equity awards.

After these transactions, he held 104,577 shares of US Bancorp common stock directly, plus indirect holdings of 458 shares through a 401(k) plan and 2,846 shares through a trust based on a plan report dated February 27, 2026.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Runkel Mark G.

Role Vice Chair

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, $0.01 par value	8,701	$54.66	$476K
Tax Withholding	Common Stock, $0.01 par value	2,152	$54.66	$118K
Tax Withholding	Common Stock, $0.01 par value	1,397	$57.26	$80K
holding	Common Stock, $0.01 par value	--	--	--
holding	Common Stock, $0.01 par value	--	--	--

Holdings After Transaction: Common Stock, $0.01 par value — 104,577 shares (Direct); Common Stock, $0.01 par value — 458 shares (Indirect, By 401(k) plan)

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^*

Runkel Mark G.

(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		1,397	D	$57.26	115,430	D
Common Stock, $0.01 par value	02/28/2026		F		2,152	D	$54.66	113,278	D
Common Stock, $0.01 par value	03/02/2026		F		8,701	D	$54.66	104,577	D
Common Stock, $0.01 par value								458(1)	I	By 401(k) plan
Common Stock, $0.01 par value								2,846	I	By Trust

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. Based on a plan report dated February 27, 2026, the most recent plan report available.

	/s/ James L. Chosy by power of attorney for Mark G. Runkel	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 did US Bancorp (USB) Vice Chair Mark G. Runkel report on this Form 4?

Mark G. Runkel reported tax-withholding dispositions of US Bancorp common stock related to equity awards. These transactions, coded F, used shares to satisfy tax liabilities rather than representing open-market sales, and updated his direct and indirect ownership positions.

How many US Bancorp shares were used for Mark Runkel’s tax withholding?

Mark Runkel used a total of 12,250 shares of US Bancorp common stock in tax-withholding transactions. These dispositions occurred between February 27 and March 2, 2026 at prices of $54.66 and $57.26 per share to cover equity-award tax obligations.

What is transaction code F on Mark Runkel’s US Bancorp Form 4?

Transaction code F on this Form 4 reflects payment of exercise price or tax liability by delivering securities. For Mark Runkel, the filing describes tax-withholding dispositions, meaning shares were withheld or delivered to satisfy taxes tied to his stock-based compensation.

How many US Bancorp shares does Mark Runkel own after these transactions?

After these transactions, Mark Runkel held 104,577 shares of US Bancorp common stock directly. He also had indirect holdings of 458 shares through a 401(k) plan and 2,846 shares through a trust, based on a plan report dated February 27, 2026.

Are Mark Runkel’s Form 4 transactions open-market sales of US Bancorp stock?

The Form 4 describes code F tax-withholding dispositions, not open-market sales. Shares were delivered to cover tax liabilities associated with equity awards, and the filing characterizes these as payment of exercise price or tax liability rather than discretionary selling activity.