HERNANDEZ ROLAND A 4
4 · US BANCORP \DE\ · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
US Bancorp (USB) Director Roland A. Hernandez Receives Stock Award
What Happened
Roland A. Hernandez, a director of US Bancorp (USB), received awards totaling 7,240 shares on April 23, 2026. The filing shows two derivative awards: 3,885 shares valued at $56.63 each (total value $220,008) and 3,355 units recorded at $0.00. These were awards/grants (code A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-04-23; filing date: 2026-04-27 (filed within the two-business-day window).
- Grant 1: 3,885 shares @ $56.63 = $220,008 (derivative award).
- Grant 2: 3,355 units @ $0.00 = $0 (derivative award).
- Total credited: 7,240 shares/units.
- Shares owned after transaction: not specified in the Form 4 filing.
- Relevant footnotes from the filing:
- F1: Deferred Compensation Plan participation — payable in common stock when the director ceases Board service.
- F2: Includes amounts acquired via dividend reinvestment.
- F3: Restricted stock units convert one-for-one into common stock.
- F4: The RSUs were fully vested at grant but are payable only when the holder stops serving on the Board (forfeited if terminated for cause).
Context
These are awards/derivative grants, not cash purchases or immediate sales. Because some units are deferred and payable only upon departure from the Board, they may not be immediately liquid—this is a routine equity compensation event rather than a direct market bet by the insider.
Insider Transaction Report
- Award
Deferred Compensation Plan Participation
[F1][F2]2026-04-23$56.63/sh+3,885$220,008→ 31,629 total→ Common Stock, $0.01 par value (3,885 underlying) - Award
Restricted Stock Units
[F3][F4]2026-04-23+3,355→ 3,355 totalFrom: 2026-04-23→ Common Stock, $0.01 par value (3,355 underlying)
Footnotes (4)
- [F1]Deferred Compensation Plan Participation is payable in common stock when the reporting person ceases to serve on U.S. Bancorp's Board of Directors.
- [F2]Includes amounts acquired pursuant to dividend reinvestment.
- [F3]Restricted stock units convert into common stock on a one-for-one basis.
- [F4]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.