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