Dilip Venkatachari 4

What Happened Dilip Venkatachari, Senior Executive Vice President & Chief Information & Technology Officer of US Bancorp (USB), received a grant of 17,807 restricted stock units (RSUs) on March 5, 2026. The reported acquisition price is $0.00 (standard for RSU awards); the Form 4 reflecting the grant was filed on March 9, 2026. This was a compensation award (grant), not an open‑market purchase or sale.

Key Details

• Transaction date and type: 2026-03-05 — Grant/Award (Code A). Report filed 2026-03-09 (timely).
• Shares/units granted: 17,807 RSUs; reported acquisition value: $0.00 on the Form 4.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: These RSUs vest 33% on each of March 5, 2027 and 2028, and 34% on March 5, 2029. The RSUs represent 40% of the 2026 long‑term incentive award value; the other 60% was granted as performance‑based RSUs (PSUs) whose payout (in shares) will be determined in early 2029 based on US Bancorp’s performance from 2026–2028.

Context RSU grants are a form of compensation and typically vest over multiple years; they do not indicate an open‑market purchase or sale by the insider. Performance‑based RSUs (the remaining 60% of the award) will only convert to shares if performance targets are met and will be reported when determined. The filing appears timely under Form 4 rules.