Runkel Mark G. 4

What Happened

• Mark G. Runkel, Vice Chair of US Bancorp (USB), was granted 19,099 performance-based restricted stock units (code A) on 2026-02-11. The award shows an acquisition price of $0.00 (standard for equity awards; no cash paid at grant). These units are scheduled to vest on March 2, 2026 if settled in shares.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 12, 2026 (timely filing for the reported date).
• Shares/units granted: 19,099 performance-based RSUs; reported acquisition price: $0.00.
• Vesting/settlement: Units vest on March 2, 2026 and are eligible to be settled in shares of common stock.
• Ownership after transaction: Not specified in the summary provided.
• Notable footnotes: F1 — these RSUs represent 60% of the grant-date fair value of Runkel’s 2023 long-term incentive award (granted 3/2/2023); the number earned was determined 2/11/2026 based on performance over 1/1/2023–12/31/2025. F2 — based on the most recent plan report dated 2/2/2026.

Context

• These are compensation awards tied to multi-year performance targets, not open-market purchases or sales. Such grants reflect incentive pay and alignment with long-term company performance rather than an insider buying or selling shares. The economic value realized will depend on whether the units are settled in shares on vesting and on USB’s share price at that time.