Buse Elizabeth 4
4 · US BANCORP \DE\ · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
US Bancorp Director Elizabeth Buse Receives 3,355 RSU Award
What Happened
Elizabeth Buse, a director of US Bancorp (USB), received a grant of 3,355 restricted stock units (RSUs) reported on 2026-04-23. The transaction is reported as an award/acquisition (derivative) at an acquisition price of $0.00. The RSUs were fully vested at grant but are payable in common stock only when she ceases to serve on the Board and is not providing services as an independent contractor.
Key Details
- Transaction date and price: 2026-04-23; grant recorded at $0.00 (derivative RSUs).
- Filing date: 2026-04-27 — filed within the SEC’s two business-day window (timely).
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnote highlights:
- F1: RSUs convert into common stock on a one-for-one basis.
- F2: RSUs were fully vested at grant but are payable only upon cessation of board service; all units are forfeited if service is terminated for cause.
Context
This is a director compensation award (common practice for boards) rather than an open-market purchase or sale, so it doesn’t directly signal a buy/sell intent. Because settlement is deferred until she leaves the board (despite being vested), no new common shares were necessarily issued to her immediately.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-04-23+3,355→ 3,355 totalFrom: 2026-04-23→ Common Stock, $0.01 par value (3,355 underlying)
Footnotes (2)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]The restricted stock units were fully vested at the time of grant. Units are payable in common stock when the reporting person ceases to serve on the Board of Directors and is not providing services to the Company as an independent contractor, except that all units are forfeited if the holder's service is terminated for cause.