Badran Souheil 4

What Happened

• Souheil Badran, SEVP and Chief Operations Officer of U.S. Bancorp (USB), reported the disposition of 23,888 shares via tax/withholding transactions (Form 4 code F). The sales occurred across three dates: 2,326 shares at $57.26 on 2026-02-27 ($133,187), 3,678 shares at $54.66 on 2026-02-28 ($201,039), and 17,884 shares at $54.66 on 2026-03-02 ($977,539). Total value of the dispositions is about $1,311,765. These were routine share surrenders to satisfy tax or exercise-price obligations rather than open-market investment sells.

Key Details

• Transaction dates and amounts:
  • 2026-02-27: 2,326 shares @ $57.26 = $133,187
  • 2026-02-28: 3,678 shares @ $54.66 = $201,039
  • 2026-03-02: 17,884 shares @ $54.66 = $977,539
• Total shares disposed: 23,888; total reported value ≈ $1,311,765.
• Footnote: F1 — "Includes amount acquired pursuant to dividend reinvestment."
• Filing: Form 4 filed 2026-03-03 (period of report begins 2026-02-27); no late filing flag indicated in the provided data.
• Shares owned after the transactions: not stated in the provided excerpt of the filing.

Context

• Code F transactions typically represent shares withheld or surrendered to cover tax liabilities tied to option exercises, vesting, or similar events (a form of cashless settlement). That makes them routine administrative disposals rather than directional bets on the stock.
• The footnote indicates some of the underlying shares were originally acquired via dividend reinvestment. As always, filings report the transaction but do not state the insider's market view.