Kedia Gunjan 4

What Happened
Gunjan Kedia, President & CEO and Director of US Bancorp (USB), had 49,226 shares withheld to satisfy option exercise and/or tax liabilities in several transactions between Feb 27 and Mar 2, 2026. The withheld lots were: 10,961 shares at $57.26 (value $627,627) on Feb 27; 9,562 shares at $54.66 (value $522,659) on Feb 28; and 28,703 shares at $54.66 (value $1,568,906) on Mar 2. These are disposals recorded under code F (payment of exercise price or tax liability) — a routine withholding rather than an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-02-27: 10,961 shares @ $57.26 = $627,627 (withheld)
  • 2026-02-28: 9,562 shares @ $54.66 = $522,659 (withheld)
  • 2026-03-02: 28,703 shares @ $54.66 = $1,568,906 (withheld)
• Total shares withheld: 49,226; total value ≈ $2,719,192.
• Transaction code: F — shares withheld to pay exercise price or tax liability (common in cashless exercises).
• Shares owned after transaction: not specified in the provided filing excerpt (see full Form 4 for post-transaction beneficial ownership).
• Filing: Form 4 filed Mar 3, 2026; timing appears consistent with required reporting (not flagged as late in the provided data).

Context
These transactions reflect a tax/price-settlement method tied to option exercises (shares withheld) rather than an open-market sale — a routine administrative step that doesn’t necessarily signal a change in the insider’s view on the company. For retail investors, purchases and open-market buys are often more informative about insider sentiment; withholdings to cover taxes are common after option exercises.