February 29, 2024 · Form 4 insider transaction
Stern John C bought 25,739 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 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.