U.S. Bancorp is offering Senior Medium-Term Notes, Series Callable Fixed Rate Notes with an Interest Rate of 4.25% per annum and an expected Original Issue Date of March 6, 2026. The Notes have an expected Maturity Date of March 6, 2031 and are callable, in whole but not in part, on specified Redemption Dates — the 6th calendar day of March and September each year beginning March 6, 2028 and ending September 6, 2030, with at least five business days’ notice to DTC.
The Notes are unsecured, senior obligations of U.S. Bancorp, payable in U.S. dollars, offered in minimum denominations of $1,000. The price to public is listed at 100% of principal per Note and the per-Note selling commission may be up to $20.00 per $1,000 principal amount. Distribution involves an affiliated broker-dealer, USBI, and is subject to FINRA Rule 5121 conflict-of-interest requirements.
US Bancorp Vice Chair and CFO John C. Stern reported three small tax-related share dispositions of common stock. On February 27, 2026, 2,627 shares were withheld at $57.26 per share. Additional dispositions of 2,600 and 1,950 shares occurred on February 28, 2026 and March 2, 2026 at $54.66 per share to satisfy tax obligations by delivering shares. After these transactions, Stern directly owned 82,258 shares of US Bancorp common stock.
U.S. Bancorp executive Lisa R. Stark, EVP and Controller, reported several automatic share dispositions tied to tax withholding. On February 27–March 2, 2026, she delivered 1,819, 1,685 and 1,236 shares of common stock to cover tax liabilities at prices of $57.26 and $54.66. After these transactions, she directly held 37,399 shares, and a plan report dated February 27, 2026 showed an additional 1,225 shares held indirectly in a 401(k) plan.
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.
US Bancorp Sr. Exec. VP Roy Arijit reported tax-related share dispositions in company stock. On February 27, 2026, he disposed of 1,379 shares of common stock at $57.26 per share, and on February 28, 2026 he disposed of 1,739 shares at $54.66 per share, both coded as tax-withholding transactions. On March 2, 2026, he disposed of an additional 1,145 shares at $54.66 per share for the same purpose. After the March 2 transaction, his directly held balance was 34,056 common shares.
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.
US Bancorp Vice Chair Stephen L. Philipson reported several share dispositions that were used to cover tax obligations rather than open-market sales. On February 27, 2026, he disposed of 2,881 shares of common stock at $57.26 per share through tax-withholding. On February 28, 2026 and March 2, 2026, he disposed of 8,990 and 3,218 shares, respectively, at $54.66 per share, also for tax-withholding purposes. After these transactions, he directly held 83,635 shares of US Bancorp common stock and indirectly held 504 shares through a 401(k) plan based on the most recent plan report, which includes amounts acquired via dividend reinvestment.
US Bancorp Sr. Exec. VP Courtney Kelso reported a tax-related share disposition. On the reported date, Kelso used 1,845 shares of common stock, valued at $57.26 per share, to cover tax obligations. After this non‑market transaction, direct holdings totaled 11,998 shares of US Bancorp common stock.
US Bancorp President & CEO Gunjan Kedia reported three tax-related share dispositions under automatic withholding arrangements. On March 2, 28,703 common shares at $54.66 per share were withheld, with earlier withholdings of 9,562 shares on February 28 and 10,961 shares on February 27. After these transactions, Kedia directly owned 326,095 common shares.
US Bancorp senior executive Dilip Venkatachari reported three tax-related share dispositions of company common stock. On February 27, he transferred 2,218 shares at $57.26 per share. On February 28, he transferred 1,976 shares at $54.66 per share, and on March 2 he transferred 3,556 shares at $54.66. Each transaction is classified as a “tax-withholding disposition”, meaning shares were delivered to cover tax obligations rather than sold in an open-market trade. Following these transactions, his directly held ownership positions reported in the filing range from about 68,007 to 73,539 shares after each respective event.