Stern John C 4

What Happened John C. Stern, Vice Chair and Chief Financial Officer of US Bancorp (USB), had shares disposed to satisfy tax liabilities related to equity compensation (transaction code F). The filings show three withholdings: 2,627 shares at $57.26 on 2026-02-27 ($150,422), 2,600 shares at $54.66 on 2026-02-28 ($142,116), and 1,950 shares at $54.66 on 2026-03-02 ($106,587). In total 7,177 shares were surrendered/withheld for taxes, representing roughly $399,125 in consideration. These were tax-withholding disposals (not open-market sales).

Key Details

• Transaction dates & details:
  • 2026-02-27: 2,627 shares withheld at $57.26 — $150,422
  • 2026-02-28: 2,600 shares withheld at $54.66 — $142,116
  • 2026-03-02: 1,950 shares withheld at $54.66 — $106,587
• Total shares withheld: 7,177; total consideration ~ $399,125.
• Transaction code F = payment of exercise price or tax liability (shares withheld/surrendered to satisfy taxes).
• Filing date: 2026-03-03 (covers transactions through 2026-03-02). No late-filing flag was provided in the supplied data.
• Shares owned after the transactions: not specified in the information provided.

Context These entries reflect tax withholding related to equity compensation (likely following option exercise or vesting). Because shares were surrendered/withheld to cover taxes rather than sold on the open market, this is generally a routine administrative action and not a direct signal of the insider’s view on the stock. For full details, consult the Form 4 (Accession No. 0001225208-26-002995).