Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-24

U.S. Bancorp (USB)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$19,054,648
Andrew Cecere total, FY2025
Executive Chairman and former Chief Executive Officerhighest-paid officer; CEO Gunjan Kedia: $16,674,515
33rd
CEO (Gunjan Kedia) pay percentile vs peers
178:1
CEO-to-median pay ratio
93.04%
Say-on-pay support, latest vote
Companies that benchmark against USB
23 companies name USB as a compensation peer

Each company listed discloses USB in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named USB in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Andrew Cecere$1,400,000$0$10,999,969$0$1,506,342$5,086,461$61,876$19,054,648
Executive Chairman and former Chief Executive Officer
Gunjan Kedia1,141,667011,499,99603,232,267453,208347,37716,674,515
Chief Executive Officer and President
Jodi Richard800,00006,999,98801,897,200258,93748,15710,004,282
Vice Chair and Chief Risk Officer
Stephen Philipson725,00003,299,99501,706,650320,42841,0706,093,143
Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking
Terrance Dolan196,72405,200,02000490,88577,5115,965,140
Former Vice Chair and Chief Administration Officer
John Stern750,00003,000,00801,778,625196,64540,7475,766,025
Vice Chair and Chief Financial Officer
Elcio Barcelos675,00002,899,99701,280,610123,39359,1625,038,162
Senior Executive Vice President and Chief Human Resources Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Andrew Cecere$19,054,648$19,339,327$22,916,957−284,679
Gunjan Kedia16,674,51510,137,8555,749,294+6,536,660
Jodi Richard10,004,282
Stephen Philipson6,093,143
Terrance Dolan5,965,1408,590,5238,578,674−2,625,383
John Stern5,766,0254,917,1701,845,138+848,855
Elcio Barcelos5,038,162

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jodi RichardVice Chair2026-04-21D40,000$57$2,280,040CommonForm 4 ↗
Alan B. ColbergDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Loretta E. ReynoldsDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Richard P. McKenneyDirector2026-04-23A2,56057144,973Derivative, Class A CommonForm 4 ↗
Roland A. HernandezDirector2026-04-23A3,88557220,008Derivative, Class A CommonForm 4 ↗
Aleem GillaniDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Warner L. BaxterDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
John P. WiehoffDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Kimberly N. Ellison-TaylorDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Richard P. McKenneyDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Roland A. HernandezDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Yusuf I. MehdiDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Elizabeth L. BuseDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Dorothy BridgesDirector2026-04-23A3,35500Derivative, Class A CommonForm 4 ↗
Venkatachari DilipSEVP & Chief Info & Tech Off2026-05-05D34,522561,916,661CommonForm 4 ↗
Stephen PhilipsonVice Chair2026-07-20D36,906632,327,920CommonForm 4 ↗
James L. ChosySenior EVP and General Counsel2026-07-21D3,96900CommonForm 4 ↗
James L. ChosySenior EVP and General Counsel2026-07-23A24,711551,359,352CommonForm 4 ↗
James L. ChosySenior EVP and General Counsel2026-07-23D22,968631,453,415CommonForm 4 ↗
James L. ChosySenior EVP and General Counsel2026-07-23D24,71100Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Terrance DolanRSU2025-02-2744,944$2,080,008
Gunjan KediaRSU2025-02-2786,4303,999,980
Stephen PhilipsonPSU2025-02-271,979,997
Elcio BarcelosRSU2025-02-2725,0651,160,008
John SternPSU2025-02-271,800,014
Andrew CecerePSU2025-02-276,599,991
Gunjan KediaPSU2025-04-171,499,999
Jodi RichardPSU2025-02-272,399,988
Jodi RichardRSU2025-02-2764,8233,000,008
Terrance DolanPSU2025-02-273,120,012
Andrew CecereRSU2025-02-2795,0734,399,978
Elcio BarcelosPSU2025-02-271,739,989
Stephen PhilipsonRSU2025-02-2728,5221,319,998
Gunjan KediaPSU2025-02-276,000,017
Jodi RichardRSU2025-02-2734,5721,599,992
John SternRSU2025-02-2725,9291,199,994
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Terrance Dolan$2,080,008$3,120,012$060.0%
Gunjan Kedia3,999,9807,500,016065.2%
Stephen Philipson1,319,9981,979,997060.0%
Elcio Barcelos1,160,0081,739,989060.0%
John Stern1,199,9941,800,014060.0%
Andrew Cecere4,399,9786,599,991060.0%
Jodi Richard4,600,0002,399,988034.3%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Andrew CecereOption102,25155.01
Andrew CecerePSU235,93912,589,705
Andrew CecerePSU213,91511,414,504
Gunjan KediaPSU194,46910,376,866
Andrew CecereRSU154,2698,231,794
Gunjan KediaPSU107,2455,722,593
Andrew CecereRSU95,0735,073,095
Gunjan KediaRSU86,4304,611,905
Jodi RichardPSU85,7954,578,021
Jodi RichardPSU77,7874,150,714
Andrew CecereRSU70,2583,748,967
Jodi RichardRSU64,8233,458,955
Stephen PhilipsonPSU64,1743,424,325
Gunjan KediaPSU58,9003,142,904
John SternPSU58,3413,113,076
John SternPSU57,9123,090,184
Elcio BarcelosPSU56,3953,009,237
Elcio BarcelosPSU53,6222,861,270
Gunjan KediaRSU51,4232,743,931
Stephen PhilipsonRSU41,5162,215,294
Jodi RichardRSU41,1382,195,124
Jodi RichardRSU34,5721,844,762
Elcio BarcelosRSU32,3231,724,755
Gunjan KediaPSU32,2811,722,514
Gunjan KediaRSU31,9351,704,052
Andrew CecereRSU30,8361,645,409
Stephen PhilipsonRSU28,5221,521,934
John SternRSU25,9291,383,571
Jodi RichardRSU25,5491,363,295
Elcio BarcelosRSU25,0651,337,468
John SternRSU17,246920,247
Elcio BarcelosRSU15,968852,052
Gunjan KediaRSU10,279548,487
Gunjan KediaRSU9,613512,950
Jodi RichardRSU8,223438,779
Stephen PhilipsonRSU7,342391,769
Terrance DolanOption52,82955.01
Elcio BarcelosRSU6,461344,759
John SternRSU4,406235,104
Gunjan KediaOption27,26755.01
05

Incentive-plan design — the Compensation Discussion & Analysis

The company's compensation program is designed to encourage appropriate sensitivity to risk and mitigate the potential to reward risk taking that may produce short-term results that appear in isolation to be favorable but that may undermine the successful execution of our long-term business strategy and negatively affect shareholder value. The program is also designed to reward performance while maintaining our core commitment to customer service and ethical principles.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-211,138,199,34579,171,1645,971,21293.04%Passed
20252025-04-151,109,966,593104,986,5636,648,19491.36%Passed
20242024-04-161,066,446,03766,809,0947,095,30494.1%Passed
20232023-04-181,040,017,18979,038,9276,263,22392.94%Passed
20222022-04-191,049,236,41079,268,1647,284,53392.98%Passed
20212021-04-201,057,846,89255,677,2188,602,52995%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2193.04%a
20252025-04-1591.36%b
20242024-04-1694.1%c

a. Approved under the standard stated in the filing — “Other proposals The proposal is approved if "FOR" votes are cast by the majority of shares present and entitled to vote on the matter Same effect as "AGAINST" vote”.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)178 : 1
CEO total compensation$16,980,162
Median employee compensation$95,307
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Roland A. HernandezIndependent · Lead Independent Director · Compensation and Human Resources (Chair) · Governance · Executive$181,500$185,003$0$0$0$366,503
John P. WiehoffIndependent · Risk Management (Chair) · Governance · Executive149,500185,003000334,503
Yusuf I. MehdiIndependent · Technology (Chair) · Risk Management · Executive146,500185,003000331,503
Warner L. BaxterIndependent · Audit (Chair) · Compensation and Human Resources · Executive146,500185,003000331,503
Aleem GillaniIndependent · Audit · Risk Management141,500185,003005,000331,503
Richard P. McKenneyIndependent · Governance (Chair) · Compensation and Human Resources · Executive134,500185,003005,000324,503
Elizabeth L. BuseIndependent · Compensation and Human Resources · Risk Management121,500185,0030010,000316,503
Kimberly N. Ellison-TaylorIndependent · Audit · Technology124,500185,003005,000314,503
Loretta E. ReynoldsIndependent · Risk Management · Technology127,500185,003000312,503
Dorothy BridgesIndependent · Risk Management · Technology124,500185,003000309,503
Alan B. ColbergIndependent · Audit · Governance121,500185,003000306,503
Scott W. WineIndependent · Compensation and Human Resources (Chair) · Governance · Executive · Departed during FY1,5000001,500
Gunjan KediaEmployee director · Executive00000
Kimberly J. HarrisIndependent · Governance (Chair) · Compensation and Human Resources · Executive · Departed during FY000000
Andrew CecereEmployee director · Board Chair · Risk Management · Executive (Chair) · Not standing for re-election00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$185,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)45,000 / 30,000 / 30,000
Stock ownership guideline5x annual cash retainer ($500,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,521,000
Equity awards (grant-date value)$2,035,033
All other compensation$25,000
Total cost of the board$3,581,033

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies U.S. Bancorp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including U.S. Bancorp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Citigroup Inc.2025Jane Fraser$1,500,000$59,570,800$28,600,000$0$95,757,800
2Wells Fargo & Company2025Charles Scharf2,500,00051,938,27829,988,820094,522,642
3Capital One Financial Corporation2025Richard Fairbank058,127,0290064,971,137
4JPMorgan Chase & Co.2025James Dimon1,500,00032,500,00040,632,724
5Bank of America Corporation2025Brian Moynihan1,500,00030,666,7470033,711,521
6The PNC Financial Services Group, Inc.2025William Demchak1,300,00017,500,18409,200,00029,503,081
7U.S. Bancorp2025Gunjan Kedia1,141,66711,499,99603,232,26716,674,515
8Truist Financial Corporation2025William Rogers1,200,0007,275,12604,095,00014,313,770
9Citizens Financial Group, Inc.2025Bruce Van Saun1,487,0008,045,370012,513,920
10Fifth Third Bancorp2025Timothy Spence1,116,6357,140,04002,328,75011,052,366

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
U.S. Bancorpnot disclosedPRSU 60 · RSU 40not disclosednot disclosed
Bank of America Corporationnot disclosednot disclosedNoSemler Brossy
Capital One Financial Corporationnot disclosedPSU 62 · RSU 21 · Cash LTI 17Yes — Total Shareholder Return (TSR)FW Cook
Citigroup Inc.not disclosedPSU 50 · RSU 50Yes — TSRFW Cook
Citizens Financial Group, Inc.110.7%not disclosedNoCAP (Compensation Advisory Partners)
Fifth Third Bancorp103.5%PSU 60 · RSU 40NoF.W. Cook
JPMorgan Chase & Co.not disclosedcash 40 · PSU 30 · RSU 30Nonot disclosed
The PNC Financial Services Group, Inc.not disclosednot disclosednot disclosednot disclosed
Truist Financial Corporation105%PSU 40 · RSU 35 · Cash LTI 25Yes — 3-Year Relative TSRFarient Advisors LLC
Wells Fargo & Companynot disclosedPSU 65 · RSU 35Yes — Relative TSRMeridian Compensation Partners

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at U.S. Bancorp in fiscal 2025?
Andrew Cecere, serving as Executive Chairman and former Chief Executive Officer, was the highest-paid executive at U.S. Bancorp in fiscal 2025 with total compensation of $19,054,648.
How does U.S. Bancorp's chief executive pay compare to its disclosed peer group?
The filing shows that CEO Gunjan Kedia's pay falls within the 33rd percentile of the disclosed peer group.
What is U.S. Bancorp's CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 178:1.
How did shareholders vote on U.S. Bancorp's executive compensation?
Shareholders approved the executive compensation plan with 93.04% support in the latest vote.
How much does U.S. Bancorp spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 at $3,581,033.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Andrew CecereDEF 14A2026-03-100001104659-26-025844Section “Summary compensation table”. As printed: 19,054,648. Filing ↗machine: r4 · c42 · span 1216304–1216314
2Section 01, Gunjan KediaDEF 14A2026-03-100001104659-26-025844Section “Summary compensation table”. As printed: 16,674,515. Filing ↗machine: r1 · c42 · span 1202461–1202471
3Section 01, Jodi RichardDEF 14A2026-03-100001104659-26-025844Section “Summary compensation table”. As printed: 10,004,282. Filing ↗machine: r10 · c42 · span 1244933–1244943
4Section 01, Stephen PhilipsonDEF 14A2026-03-100001104659-26-025844Section “Summary compensation table”. As printed: 6,093,143. Filing ↗machine: r11 · c42 · span 1250766–1250775
5Section 01, Terrance DolanDEF 14A2026-03-100001104659-26-025844Section “Summary compensation table”. As printed: 5,965,140. Filing ↗machine: r13 · c42 · span 1261394–1261403
6Section 01, John SternDEF 14A2026-03-100001104659-26-025844Section “Summary compensation table”. As printed: 5,766,025. Filing ↗machine: r7 · c42 · span 1230135–1230144
7Section 01, Elcio BarcelosDEF 14A2026-03-100001104659-26-025844Section “Summary compensation table”. As printed: 5,038,162. Filing ↗machine: r12 · c42 · span 1256587–1256596
8Section 03, Terrance Dolan RSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r24 · c51 · span 1476894–1476903
9Section 03, Gunjan Kedia RSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r4 · c45 · span 1362510–1362516
10Section 03, Stephen Philipson PSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r17 · c51 · span 1436189–1436198
11Section 03, Elcio Barcelos RSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r21 · c51 · span 1459820–1459829
12Section 03, John Stern PSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r10 · c51 · span 1397149–1397158
13Section 03, Andrew Cecere PSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r7 · c51 · span 1380080–1380089
14Section 03, Gunjan Kedia PSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r5 · c51 · span 1369565–1369574
15Section 03, Jodi Richard PSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r13 · c51 · span 1414220–1414229
16Section 03, Jodi Richard RSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r15 · c45 · span 1424949–1424955
17Section 03, Terrance Dolan PSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r23 · c51 · span 1470338–1470347
18Section 03, Andrew Cecere RSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r8 · c45 · span 1385936–1385942
19Section 03, Elcio Barcelos PSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r20 · c51 · span 1453264–1453273
20Section 03, Stephen Philipson RSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r18 · c51 · span 1442745–1442754
21Section 03, Gunjan Kedia PSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r3 · c51 · span 1358143–1358152
22Section 03, Jodi Richard RSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r14 · c51 · span 1419093–1419102
23Section 03, John Stern RSUDEF 14A2026-03-100001104659-26-025844Section “Grants of plan-based awards” · grants of plan-based awards table. Filing ↗machine: t114 · r11 · c51 · span 1403705–1403714
24Section 07, pay ratioDEF 14A2026-03-100001104659-26-025844Section “CEO Pay Ratio”. As printed: 178 : 1. Filing ↗machine: span 2002791–2002794
25Section 08, Roland A. HernandezDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 366,503. Filing ↗machine: t146 · r8 · c24 · span 2185164–2185171
26Section 08, John P. WiehoffDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 334,503. Filing ↗machine: t146 · r12 · c24 · span 2199437–2199444
27Section 08, Yusuf I. MehdiDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 331,503. Filing ↗machine: t146 · r10 · c24 · span 2192363–2192370
28Section 08, Warner L. BaxterDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 331,503. Filing ↗machine: t146 · r1 · c24 · span 2160251–2160258
29Section 08, Aleem GillaniDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 331,503. Filing ↗machine: t146 · r6 · c24 · span 2177996–2178003
30Section 08, Richard P. McKenneyDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 324,503. Filing ↗machine: t146 · r9 · c24 · span 2188893–2188900
31Section 08, Elizabeth L. BuseDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 316,503. Filing ↗machine: t146 · r3 · c24 · span 2167322–2167329
32Section 08, Kimberly N. Ellison-TaylorDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 314,503. Filing ↗machine: t146 · r5 · c24 · span 2174401–2174408
33Section 08, Loretta E. ReynoldsDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 312,503. Filing ↗machine: t146 · r11 · c24 · span 2195838–2195845
34Section 08, Dorothy BridgesDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 309,503. Filing ↗machine: t146 · r2 · c24 · span 2163722–2163729
35Section 08, Alan B. ColbergDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 306,503. Filing ↗machine: t146 · r4 · c24 · span 2170793–2170800
36Section 08, Scott W. WineDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 1,500. Filing ↗machine: t146 · r13 · c6 · span 2200875–2200880
37Section 08, Gunjan KediaDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 0. Filing ↗
38Section 08, Kimberly J. HarrisDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 0. Filing ↗
39Section 08, Andrew CecereDEF 14A2026-03-100001104659-26-025844Section “Director Compensation”. As printed: 0. Filing ↗
40Section 02, Jodi Richard 2026-04-21Form 42026-04-220001225208-26-004578Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Alan B. Colberg 2026-04-23Form 42026-04-270001225208-26-004624Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Loretta E. Reynolds 2026-04-23Form 42026-04-270001225208-26-004628Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Richard P. McKenney 2026-04-23Form 42026-04-270001225208-26-004631Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Roland A. Hernandez 2026-04-23Form 42026-04-270001225208-26-004630Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Aleem Gillani 2026-04-23Form 42026-04-270001225208-26-004626Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Warner L. Baxter 2026-04-23Form 42026-04-270001225208-26-004621Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, John P. Wiehoff 2026-04-23Form 42026-04-270001225208-26-004629Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Kimberly N. Ellison-Taylor 2026-04-23Form 42026-04-270001225208-26-004625Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Richard P. McKenney 2026-04-23Form 42026-04-270001225208-26-004631Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Roland A. Hernandez 2026-04-23Form 42026-04-270001225208-26-004630Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Yusuf I. Mehdi 2026-04-23Form 42026-04-270001225208-26-004627Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Elizabeth L. Buse 2026-04-23Form 42026-04-270001225208-26-004623Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Dorothy Bridges 2026-04-23Form 42026-04-270001225208-26-004622Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Venkatachari Dilip 2026-05-05Form 42026-05-060001225208-26-004990Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Stephen Philipson 2026-07-20Form 42026-07-220001225208-26-006705Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, James L. Chosy 2026-07-21Form 42026-07-220001225208-26-006706Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, James L. Chosy 2026-07-23Form 42026-07-240001225208-26-006739Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, James L. Chosy 2026-07-23Form 42026-07-240001225208-26-006739Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, James L. Chosy 2026-07-23Form 42026-07-240001225208-26-006739Insider equity transaction reported since the proxy statement. Filing ↗
60Section 06, 2026 voteForm 8-K2026-04-230001193125-26-173818Item 5.07 · say-on-pay result. As reported: 93.04% (votes for as printed: 1,138,199,345). Filing ↗
61Section 06, 2025 voteForm 8-K2025-04-170001628280-25-018230Item 5.07 · say-on-pay result. As reported: 91.36% (votes for as printed: 1,109,966,593). Filing ↗
62Section 06, 2024 voteForm 8-K2024-04-180001193125-24-100832Item 5.07 · say-on-pay result. As reported: 94.1% (votes for as printed: 1,066,446,037). Filing ↗
63Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
64Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
65Section 09b board cost (computed)ComputedcomputedCash 1,521,000 + equity 2,035,033 + all other 25,000 = 3,581,033, summed across the director compensation table rows.machine: formula: Σ = 3,581,033
66Citigroup Inc., Section 10b CEO totalDEF 14A2026-04-020001206774-26-000185CEO total compensation as printed in Citigroup Inc.'s own proxy. As printed: 95,757,800. Filing ↗machine: t303 · r1 · c9 · span 1389939–1389949
67Wells Fargo & Company, Section 10b CEO totalDEF 14A2026-03-180000072971-26-000200CEO total compensation as printed in Wells Fargo & Company's own proxy. As printed: 94,522,642. Filing ↗machine: r3 · c24 · span 1599000–1599010
68Capital One Financial Corporation, Section 10b CEO totalDEF 14A2026-03-250001193125-26-124131CEO total compensation as printed in Capital One Financial Corporation's own proxy. As printed: 64,971,137. Filing ↗machine: t570 · r3 · c16 · span 1580979–1580990
69JPMorgan Chase & Co., Section 10b CEO totalDEF 14A2026-04-060000019617-26-000096CEO total compensation as printed in JPMorgan Chase & Co.'s own proxy. As printed: 40,632,724. Filing ↗machine: span 1754306–1754316
70Bank of America Corporation, Section 10b CEO totalDEF 14A2026-03-230001193125-26-118929CEO total compensation as printed in Bank of America Corporation's own proxy. As printed: 33,711,521. Filing ↗machine: r3 · c39 · span 1377520–1377530
71The PNC Financial Services Group, Inc., Section 10b CEO totalDEF 14A2026-03-110001193125-26-102189CEO total compensation as printed in The PNC Financial Services Group, Inc.'s own proxy. As printed: 29,503,081. Filing ↗machine: t444 · r4 · c39 · span 1847804–1847814
72U.S. Bancorp (subject), Section 10b CEO totalDEF 14A2026-03-100001104659-26-025844CEO total compensation as printed in U.S. Bancorp's own proxy. As printed: 16,674,515. Filing ↗machine: r1 · c42 · span 1202461–1202471
73Truist Financial Corporation, Section 10b CEO totalDEF 14A2026-03-160001193125-26-107144CEO total compensation as printed in Truist Financial Corporation's own proxy. As printed: 14,313,770. Filing ↗machine: r4 · c39 · span 1270472–1270482
74Citizens Financial Group, Inc., Section 10b CEO totalDEF 14A2026-03-090000759944-26-000064CEO total compensation as printed in Citizens Financial Group, Inc.'s own proxy. As printed: 12,513,920. Filing ↗machine: t218 · r2 · c12 · span 1385440–1385450
75Fifth Third Bancorp, Section 10b CEO totalDEF 14A2026-03-090001193125-26-098679CEO total compensation as printed in Fifth Third Bancorp's own proxy. As printed: 11,052,366. Filing ↗machine: r5 · c39 · span 1258762–1258772
76Section 10a, Wells Fargo & Company reciprocityDEF 14A0000072971-26-000200Wells Fargo & Company names U.S. Bancorp in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, Citigroup Inc. reciprocityDEF 14A0001206774-26-000185Citigroup Inc. names U.S. Bancorp in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, Capital One Financial Corporation reciprocityDEF 14A0001193125-26-124131Capital One Financial Corporation names U.S. Bancorp in its own disclosed peer group (read from its most recent proxy). Filing ↗
79Section 10a, JPMorgan Chase & Co. reciprocityDEF 14A0000019617-26-000096JPMorgan Chase & Co.'s most recent proxy was read; its disclosed peer group does not include U.S. Bancorp. Filing ↗
80Section 10a, Bank of America Corporation reciprocityDEF 14A0001193125-26-118929Bank of America Corporation names U.S. Bancorp in its own disclosed peer group (read from its most recent proxy). Filing ↗
81Section 10a, Truist Financial Corporation reciprocityDEF 14A0001193125-25-055156Truist Financial Corporation names U.S. Bancorp in its own disclosed peer group (read from its most recent proxy). Filing ↗
82Section 10a, Citizens Financial Group, Inc. reciprocityDEF 14A0000759944-26-000064Citizens Financial Group, Inc. names U.S. Bancorp in its own disclosed peer group (read from its most recent proxy). Filing ↗
83Section 10a, Fifth Third Bancorp reciprocityDEF 14A0001193125-26-098679Fifth Third Bancorp names U.S. Bancorp in its own disclosed peer group (read from its most recent proxy). Filing ↗