X0306 4 2018-02-14 0000036104 US BANCORP \DE\ USB 0001415300 Parker P.W. 800 NICOLLET MALL MINNEAPOLIS MN 55402 1 Vice Chairman Common Stock, $0.01 par value 2018-02-14 4 A 0 18080.0000 0.0000 A 334980.0000 D Common Stock, $0.01 par value 3912.0000 I By Power of Attorney for Parent The restricted stock units vest 33% on each of February 14, 2019 and 2020, and 34% on February 14, 2021. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2018. 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 2021 based on the company's performance against certain performance targets from 2018 through 2020 and will be reported at the time of such determination. James L. Chosy for P.W. Parker 2018-02-16