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US Bancorp (USB) director Alan Colberg granted 3,355 fully vested RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

US Bancorp (USB) director Alan B. Colberg received a grant of 3,355 restricted stock units as equity compensation. The RSUs were fully vested at the time of grant and convert into an equal number of common shares on a one-for-one basis.

The units are payable in common stock when Colberg ceases serving on the Board of Directors and is no longer providing services as an independent contractor, but will be forfeited if his service is terminated for cause. This is a compensation-related award rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Colberg Alan B.
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.
RSUs granted 3,355 units Restricted stock units granted to director Alan B. Colberg
Exercise/Conversion price $0.0000 per unit RSU grant, compensation award with no purchase price
Underlying common shares 3,355 shares RSUs convert into common stock on a one-for-one basis
Post-transaction derivative holdings 3,355 units Total restricted stock units held directly after this grant
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 if the holder's service is terminated for cause financial
"except that all units are forfeited if the holder's service is terminated for cause."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Colberg Alan B.
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/23/2026A3,35504/23/2026(2) (2)Common Stock, $0.01 par value3,355$0.00003,355D
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 Alan B. Colberg04/27/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did US Bancorp (USB) report for Alan B. Colberg?

US Bancorp reported that director Alan B. Colberg received 3,355 restricted stock units as equity compensation. These RSUs are fully vested upon grant and will convert into common stock on a one-for-one basis when he leaves board service under qualifying conditions.

Is Alan B. Colberg’s Form 4 transaction in USB stock a purchase or sale?

The Form 4 shows an acquisition of 3,355 restricted stock units as a grant, not an open-market purchase or sale. It is categorized as a compensation-related award, with no cash paid per unit and no shares sold in this filing.

When will Alan B. Colberg’s 3,355 US Bancorp RSUs be paid out?

The 3,355 restricted stock units will be paid in US Bancorp common stock when Colberg ceases to serve on the Board of Directors and is no longer an independent contractor, provided his service has not been terminated for cause, which would result in forfeiture.

Are Alan B. Colberg’s US Bancorp restricted stock units already vested?

Yes, the filing states the restricted stock units granted to Alan B. Colberg were fully vested at the time of grant. Although vested, the units are payable in common stock only upon his separation from board service, subject to forfeiture for termination for cause.

How many US Bancorp shares underlie Alan B. Colberg’s new RSU award?

The award covers 3,355 restricted stock units, each convertible into one share of US Bancorp common stock. This means 3,355 underlying common shares are associated with the grant, all held as a direct derivative position following the reported transaction.