X0306 4 2023-02-09 0000036104 US BANCORP \DE\ USB 0001711665 Welsh Timothy A 800 NICOLLET MALL MINNEAPOLIS MN 55402 1 Vice Chair Common Stock, $0.01 par value 2023-02-09 4 A 0 30079.0000 0.0000 A 122702.0000 D Common Stock, $0.01 par value 2023-02-10 4 F 0 13372.0000 48.7700 D 109330.0000 D Common Stock, $0.01 par value 3839.0000 I By 401(k) plan These performance-based restricted stock units vest on February 10, 2023. These units made up 60% of the grant date fair market value of the reporting person's 2020 long-term incentive compensation award granted on February 10, 2020. The number of units earned and eligible to be settled in shares of common stock was determined on February 9, 2023 based on the company's performance against certain preset performance targets during a three-year performance period of January 1, 2020, to December 31, 2022. Based on a plan report dated February 3, 2023, the most recent plan report available. James L. Chosy by power of attorney for Timothy A. Welsh 2023-02-13