Badran Souheil 4

What Happened

• Souheil Badran, Senior Executive Vice President and Chief Operations Officer of US Bancorp (USB), was granted 19,291 restricted stock units (RSUs) on March 5, 2026. The grant was reported on a Form 4 filed March 9, 2026. The reported acquisition price is $0.00 (standard for RSU awards); no cash changed hands at grant.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed within the two-business-day Form 4 deadline).
• Transaction type/code: A — Award/Grant of RSUs.
• Shares/units granted: 19,291 RSUs; price reported: $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: These RSUs vest 33% on each of March 5, 2027 and 2028, and 34% on March 5, 2029. The RSUs represent 40% of the value of Badran’s 2026 long-term incentive award; the remaining 60% was granted as performance-based RSUs (payout to be determined in early 2029 based on 2026–2028 performance).
• Footnote F2: Includes amounts acquired pursuant to dividend reinvestment (as noted in the filing).

Context

• This is a time-based equity grant (an award), not a market purchase or sale, so it does not directly signal buying or selling by the insider. The performance-based portion of the award will be earned (if at all) based on multi-year company performance and reported when determined.