Roy Arijit 4

4 · US BANCORP \DE\ · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 9, 2026

US Bancorp (USB) Sr. EVP Roy Arijit Receives Stock Award

What Happened

Roy Arijit, Senior Executive Vice President of U.S. Bancorp (USB), received equity awards in early March 2026. He was granted 13,356 restricted stock units (RSUs) on 2026-03-05 (reported at $0 per share as an award) and 2,175 derivative/deferred-share units on 2026-03-06 valued at $52.37 each (total value $113,905). These were awards/compensation grants, not open-market purchases or sales.

Key Details

Transaction dates and values:
- 2026-03-05: Award (RSUs) — 13,356 units; reported price $0 (grant).
- 2026-03-06: Award (derivative/deferred units) — 2,175 units @ $52.37 each = $113,905.
Shares owned after the transactions: not specified in the filing.
Footnotes of note:
- F1: The 13,356 RSUs vest 33% on March 5, 2027 and 2028, and 34% on March 5, 2029. These RSUs are 40% of Arijit’s 2026 long-term incentive award; the other 60% was granted as performance-based RSUs (PSUs) that will be earned/settled in early 2029 based on 2026–2028 performance.
- F2: The 2,175 units represent Deferred Compensation Plan participation and are payable in common stock following termination of employment.
Filing/timeliness: Form 4 filed 2026-03-09 reporting transactions on 2026-03-05 and 2026-03-06. Filing appears timely under Form 4 rules.

Context

These entries are compensation grants (awards) rather than purchases or sales—common for executive long-term incentive programs. The derivative/deferred units are not immediately tradable shares; they represent compensation payable in stock later (per the deferred compensation plan). Performance-based RSUs will only convert to shares if performance targets for 2026–2028 are met and will be reported when determined.

Form 4

Period: 2026-03-05

Sr. Exec. VP

Transactions

Award
Common Stock, $0.01 par value
[F1]
2026-03-05+13,356→ 47,412 total
Award
Deferred Compensation Plan Participation
[F2]
2026-03-06$52.37/sh+2,175$113,905→ 2,175 total
→ Common Stock, $0.01 par value (2,175 underlying)

Footnotes (2)

[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.
[F2]Deferred Compensation Plan Participation is payable in common stock following the termination of the reporting person's employment with U.S. Bancorp.

Signature

/s/ James L. Chosy by power of attorney for Arijit Roy|2026-03-09

1 file