Runkel Mark G. 4

What Happened

• Mark G. Runkel, Vice Chair of US Bancorp (USB), was granted 13,356 restricted stock units (RSUs) on March 5, 2026. The award shows $0 cash paid on acquisition (code A — grant/award).

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (filed four days after the transaction).
• Grant: 13,356 RSUs; reported acquisition price $0.00 (typical for restricted awards).
• Vesting: 33% vests March 5, 2027; 33% vests March 5, 2028; 34% vests March 5, 2029 (Footnote 1).
• Award structure: these RSUs represent 40% of Runkel’s 2026 long-term incentive award; the other 60% was granted as performance-based RSUs whose final share count will be determined in early 2029 based on 2026–2028 performance (Footnote 1).
• Plan reference: based on a plan report dated Feb 27, 2026 (Footnote 2).
• Shares owned after transaction: not specified in the provided filing.

Context

• This was an equity compensation grant (not an open-market purchase or sale). Such awards are common for executive pay and are intended for retention and performance alignment; they do not by themselves indicate a buy/sell sentiment. The performance portion will be settled in shares only if performance targets (2026–2028) are met and will be reported when determined. Note the Form 4 was filed on March 9, 2026, four days after the grant date; SEC rules generally require Form 4s within two business days, so this filing appears to have been delayed.