Bridges Dorothy J 4
Research Summary
AI-generated summary
U.S. Bancorp (USB) Director Dorothy J. Bridges Receives RSU Award
What Happened
- Dorothy J. Bridges, a director of U.S. Bancorp (USB), was granted 3,355 restricted stock units (RSUs) on April 23, 2026. The RSUs were recorded as a derivative award at a $0.00 per-unit purchase price (no cash exchanged at grant).
Key Details
- Transaction date: 2026-04-23; Report filed: 2026-04-27 (timely under Form 4 rules).
- Grant: 3,355 RSUs; grant reported as Award/Grant (A) with $0.00 per unit.
- Shares owned after transaction: not specified in the information provided.
- Footnotes of note:
- F1: Each RSU converts into one common share on a one-for-one basis.
- F2: The RSUs were fully vested at grant; units are payable in common stock when the director ceases board service and is not providing services as an independent contractor. All units are forfeited if the holder’s service is terminated for cause.
Context
- This was a compensation award (not an open-market purchase or sale). RSUs are a promise to deliver shares in the future rather than immediate share purchases; because these units were fully vested, they represent a settled right subject to the company’s payout/forfeiture rules described above. This filing is informational and does not by itself indicate a buy/sell signal.