0001225208-24-003466.txt : 20240304
0001225208-24-003466.hdr.sgml : 20240304
20240304171802
ACCESSION NUMBER: 0001225208-24-003466
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240229
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Welsh Timothy A
CENTRAL INDEX KEY: 0001711665
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06880
FILM NUMBER: 24715602
MAIL ADDRESS:
STREET 1: 800 NICOLLET MALL
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55402
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: US BANCORP \DE\
CENTRAL INDEX KEY: 0000036104
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 410255900
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: U.S. BANCORP
STREET 2: 800 NICOLLET MALL
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55402-7020
BUSINESS PHONE: 651-466-3000
MAIL ADDRESS:
STREET 1: U.S. BANCORP
STREET 2: 800 NICOLLET MALL
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55402-7020
FORMER COMPANY:
FORMER CONFORMED NAME: FIRST BANK SYSTEM INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: FIRST BANK STOCK CORP
DATE OF NAME CHANGE: 19720317
4
1
doc4.xml
X0508
4
2024-02-29
0000036104
US BANCORP \DE\
USB
0001711665
Welsh Timothy A
800 NICOLLET MALL
MINNEAPOLIS
MN
55402
1
Vice Chair
0
Common Stock, $0.01 par value
2024-02-29
4
A
0
47664.0000
0.0000
A
195637.0000
D
Common Stock, $0.01 par value
4054.0000
I
By 401(k) plan
Deferred Compensation Plan Participation
2024-03-01
4
A
0
8097.0000
41.9600
A
Common Stock, $0.01 par value
8097.0000
41151.0000
D
The restricted stock units vest 33% on each of February 28, 2025 and 2026, and 34% on February 28, 2027. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2024. 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 2027 based on the company's performance against certain performance targets from 2024 through 2026 and will be reported at the time of such determination.
Based on a plan report dated February 29, 2024, the most recent plan report available.
Deferred Compensation Plan Participation is payable in common stock following the termination of the reporting person's employment with U.S. Bancorp.
Includes amounts acquired pursuant to dividend reinvestment.
/s/ James L. Chosy by power of attorney for Timothy A. Welsh
2024-03-04