Barcelos Elcio R.T. 4

What Happened
Elcio R.T. Barcelos, Senior EVP and Chief Human Resources Officer of U.S. Bancorp (USB), had shares withheld/disposed to cover tax liabilities tied to equity compensation. The filing reports three withholding/disposition events: 2,440 shares at $57.26 on 2026-02-27 ($139,714), 3,483 shares at $54.66 on 2026-02-28 ($190,381), and 15,818 shares at $54.66 on 2026-03-02 ($864,612). Combined, 21,741 shares were disposed for approximately $1,194,707. These are tax-withholding disposals (routine) rather than open-market purchase signals.

Key Details

• Transaction dates & per-share prices:
  • 2026-02-27: 2,440 shares @ $57.26 = $139,714
  • 2026-02-28: 3,483 shares @ $54.66 = $190,381
  • 2026-03-02: 15,818 shares @ $54.66 = $864,612
• Total disposed: 21,741 shares for ~$1,194,707.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/disposed to cover taxes).
• Shares owned after transaction: not specified in the summary provided here; check the full Form 4 for Barcelos’s post-transaction beneficial ownership.
• Filing: Form 4 filed 2026-03-03 (appears timely based on reported transaction dates).

Context
An "F" disposition typically means the company or insider used shares to satisfy tax withholding obligations following option exercises or RSU vesting (a cashless/withholding mechanism). These transactions are generally routine and do not necessarily indicate the insider's view on the company’s stock price. For full ownership details and to confirm whether these followed a specific exercise or vesting event, see the complete SEC Form 4 filing (Accession No. 0001225208-26-002984).