SEC Form 4 · accession 0001225208-18-003156
US BANCORP \DE\ · USB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
P.W. Parker
Officer — Vice Chairman
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 4:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036104
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | Feb 14, 2018 | A | 18,080 | $0.00 | A | 334,980 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 3,912 | I | By Power of Attorney for Parent |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The restricted stock units vest 33% on each of February 14, 2019 and 2020, and 34% on February 14, 2021. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2018. 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 2021 based on the company's performance against certain performance targets from 2018 through 2020 and will be reported at the time of such determination.