Roy Arijit 4

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.