Kelso Courtney 4

What Happened

Kelso Courtney, Senior Executive Vice President of US Bancorp (USB), disposed of 1,845 shares on Feb 27, 2026 to satisfy a tax obligation. The shares were valued at $57.26 each, for a total of approximately $105,645. This transaction is reported under code F (payment of exercise price or tax liability), indicating shares were surrendered for tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-02-27; reported on Form 4 filed 2026-03-03 (Accession 0001225208-26-002989).
• Price per share: $57.26; Shares disposed: 1,845; Total value ≈ $105,645.
• Transaction code: F — payment of exercise price or tax liability (share withholding).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Filed on Mar 3, 2026; this appears to be timely (within the SEC’s two-business-day window).

Context

Code F transactions typically reflect withholding of shares to cover taxes on option exercises or vested awards (a cashless/share-surrender settlement). These are routine administrative transactions and do not necessarily signal the insider’s view on the company’s stock.