Timothy A. Welsh - Nov 8, 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
Nov 8, 2022
Transactions value $
$188,548
Form type
4
Date filed
11/10/2022, 04:14 PM
Previous filing
Mar 8, 2022
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USB Common Stock, $0.01 par value Sale -$834K -19K -17.02% $43.92 92.6K Nov 8, 2022 Direct F1
transaction USB Common Stock, $0.01 par value Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $168K +3.8K $44.17 3.8K Nov 8, 2022 By 401(k) plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction USB Deferred Compensation Plan Participation Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $855K +19.4K $44.17 19.4K Nov 8, 2022 Common Stock, $0.01 par value 19.4K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price in Column 4 is a weighted average price. The prices actually received ranged from $43.49 to $44.19. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 The reporting person transferred funds from existing investment options to the company stock fund under the 401(k) plan which is an exempt transaction under SEC Rule 16b-3(f).
F3 Payable in shares of U.S. Bancorp common stock following the termination of the reporting person's employment under the terms of the Deferred Compensation Plan.
F4 The reporting person elected to transfer plan account balance amounts from existing investment options to the company stock investment option under the Deferred Compensation Plan which is an exempt transaction under SEC Rule 16b-3(f).