Timothy A. Welsh - Feb 10, 2022 Form 4 Insider Report for US BANCORP \DE\ (USB)

Role: Vice Chair
Signature: James L. Chosy by power of attorney for Timothy A. Welsh
Stock symbol: USB
Transactions as of: Feb 10, 2022
Transactions value $: -$103,786
Form type: 4
Date filed: 2/14/2022, 03:22 PM
Next filing: Feb 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USB	Common Stock, $0.01 par value	Award	$0	+28.4K	+35.92%	$0.00	107K	Feb 10, 2022	Direct	F1
transaction	USB	Common Stock, $0.01 par value	Tax liability	-$104K	-1.74K	-1.62%	$59.75	106K	Feb 10, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These performance-based restricted stock units vest on February 14, 2022. These units made up 60% of the grant date fair market value of the reporting person's 2019 long-term incentive compensation award granted on February 14, 2019. The number of units earned and eligible to be settled in shares of common stock was determined on February 10, 2022 based on the company's performance against certain preset performance targets during a three-year performance period of January 1, 2019, to December 31, 2021.

Content

These performance-based restricted stock units vest on February 14, 2022. These units made up 60% of the grant date fair market value of the reporting person's 2019 long-term incentive compensation award granted on February 14, 2019. The number of units earned and eligible to be settled in shares of common stock was determined on February 10, 2022 based on the company's performance against certain preset performance targets during a three-year performance period of January 1, 2019, to December 31, 2021.