Kelso Courtney 4
4 · US BANCORP \DE\ · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
US Bancorp (USB) Sr. EVP Courtney Kelso Receives Award
What Happened Courtney Kelso, Senior Executive Vice President of US Bancorp (USB), was granted 13,356 restricted stock units (RSUs) on 2026-03-05. The units were recorded with an acquisition price of $0 (typical for compensation grants). These RSUs represent 40% of Kelso’s 2026 long-term incentive award; the remaining 60% was granted as performance-based restricted stock units (PSUs) whose payout will be determined based on company performance.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the SEC two-business-day requirement).
- Grant: 13,356 restricted stock units; acquisition price $0 (no cash paid).
- Vesting: 33% vest on March 5, 2027; 33% vest on March 5, 2028; 34% vest on March 5, 2029.
- Award makeup: These time-based RSUs = 40% of the LTI award; remaining 60% are performance-based RSUs to be measured over 2026–2028 and settled (if earned) in early 2029.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- No 10b5-1 plan, tax-withholding sale, or other sale/exercise reported for this grant.
Context This was a standard equity compensation grant, not an open-market purchase or sale. Time-based RSUs like these vest over multiple years and generally reflect long-term retention incentives; the PSUs are contingent on future performance and will be reported if and when earned and settled.
Insider Transaction Report
- Award
Common Stock, $0.01 par value
[F1]2026-03-05+13,356→ 25,354 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.