Kedia Gunjan 4

What Happened
Gunjan Kedia, President & CEO and a director of US Bancorp (USB), was credited with 51,423 performance-based restricted stock units (RSUs) on February 11, 2026. The Form 4 lists the transaction as an award/grant (code A) at an acquisition price of $0.00. These RSUs were determined eligible to be settled in shares based on company performance over the three-year period Jan 1, 2023–Dec 31, 2025 and will vest on March 2, 2026.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-12 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 51,423 RSUs; acquisition price shown as $0.00.
• Vesting/settlement: Units vest on March 2, 2026 and are eligible to be settled in common stock.
• Footnote: These RSUs represent the performance-based portion (60% of grant-date value) of Kedia’s March 2, 2023 long-term incentive award; number earned was determined 2/11/2026 based on preset performance targets for 2023–2025.
• Shares owned after transaction: Not disclosed in the provided filing.
• Tax withholding/settlement details: Not specified in the filing.

Context
This was a compensation award (performance-based RSUs), not an open-market purchase or sale. Such grants reflect pay tied to multi-year performance metrics; they become actual shares if and when they vest and are settled, so they do not directly indicate a manager buying or selling stock on the market.