Reynolds Loretta E 4

What Happened

• Loretta E. Reynolds, a Director of US Bancorp (USB), received a grant of 3,355 restricted stock units (RSUs) on April 23, 2026. The filing shows an acquisition price of $0.00 (award/derivative), so no cash was paid. The RSUs convert into common stock on a one-for-one basis.

Key Details

• Transaction date: 2026-04-23; Form 4 filed: 2026-04-27 (filed within the required reporting window).
• Transaction type/code: Award/Grant (A); amount: 3,355 RSUs; acquisition price reported $0.00.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 — RSUs convert 1-for-1 into common shares. F2 — These RSUs were fully vested at grant; they 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 an equity award (non‑cash grant), not a purchase or sale. Awards like RSUs are common compensation for directors and do not by themselves indicate buying or selling sentiment. The RSUs are derivatives that will convert into common shares under the terms noted in the footnotes.