February 27, 2025 · Form 4 insider transaction
Stern John C bought 25,929 shares of U.S. Bancorp at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
The restricted stock units vest 33% on each of February 27, 2026 and 2027, and 34% on February 27, 2028. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2025. 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 2028 based on the company's performance against certain performance targets from 2025 through 2027 and will be reported at the time of such determination.