US BANCORP \DE\ 4
4 · US BANCORP \DE\ · Filed Feb 21, 2017
Insider Transaction Report
Form 4
CARLSON JENNIE P
EVP, Human Resources
Transactions
- Award
Employee Stock Option (Right to Buy)
2017-02-16+25,565→ 25,565 totalExercise: $55.01Exp: 2027-02-16→ Common Stock, $0.01 par value (25,565 underlying)
Footnotes (1)
- [F1]The option vests in four equal annual installments beginning on February 16, 2018. This option makes up 25% of the value of the reporting person's 2017 long-term incentive compensation award. The remaining 75% 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, subject to the award's time-based vesting conditions, will be determined in early 2018 based on the company's 2017 performance against certain performance targets and will be reported at the time of such determination.