February 21, 2024 · Form 4 insider transaction
Welsh Timothy A bought 41,015 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 2 days after the transaction.
These performance-based restricted stock units vest on March 5, 2024. These units made up 60% of the grant date fair market value of the reporting person's 2021 long-term incentive compensation award granted on March 5, 2021. The number of units earned and eligible to be settled in shares of common stock was determined on February 21, 2024 based on the company's performance against certain preset performance targets during a three-year performance period of January 1, 2021, to December 31, 2023.