Barcelos Elcio R.T. 4
4 · US BANCORP \DE\ · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
US Bancorp (USB) Chief HR Officer Elcio Barcelos Receives RSU Award
What Happened Elcio R.T. Barcelos, Senior EVP and Chief Human Resources Officer of US Bancorp (USB), received a grant of 22,259 restricted stock units (RSUs) on March 5, 2026. The Form 4 reports an acquisition at $0.00 per share (typical for equity awards), so there was no cash paid by the insider at grant. This is an award (not a market purchase or sale).
Key Details
- Transaction date: 2026-03-05; reported on Form 4 filed 2026-03-09 (timely — within two business days).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 22,259 restricted stock units; reported acquisition price $0.00 (no immediate cash value reported on the Form 4).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote summary: The RSUs vest 33% on March 5, 2027, 33% on March 5, 2028, and 34% on March 5, 2029. These RSUs represent 40% of Barcelos’s 2026 long‑term incentive award; the other 60% was granted as performance-based RSUs whose payout (if any) will be determined in early 2029 based on 2026–2028 performance.
Context RSU grants are standard long‑term compensation: they don't require immediate cash from the executive and typically convert to shares (and taxable income) only as they vest. This grant is an internal compensation action rather than an open‑market buy or sale, so it doesn't directly signal the insider buying or selling stock for personal liquidity.
Insider Transaction Report
- Award
Common Stock, $0.01 par value
[F1]2026-03-05+22,259→ 119,922 total
Footnotes (1)
- [F1]The restricted stock units vest 33% on each of March 5, 2027 and 2028, and 34% on March 5, 2029. These restricted stock units make up 40% of the value of the reporting person's long-term incentive compensation award granted in 2026. The remaining 60% of the award value was granted in the form of performance-based restricted stock units. The number of units that will be earned and eligible to be settled in shares of common stock will be determined in early 2029 based on the company's performance against certain performance targets from 2026 through 2028 and will be reported at the time of such determination.