Andrew Cecere compensation by year
U.S. Bancorp Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $800,000 | $941,538 | $1,100,000 | $1,200,000 | $1,200,000 | $1,200,000 | $1,300,000 | $1,350,000 | $1,400,000 | $1,400,000 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| Stock awards | $4,331,250 | $4,500,000 | $7,260,000 | $8,100,000 | $8,600,000 | $9,800,000 | $10,000,000 | $10,500,000 | $11,000,024 | $10,999,969 |
| Option awards | $1,443,750 | $1,500,000 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| Non-equity incentive | $1,160,400 | $1,659,867 | $2,663,760 | $2,718,900 | $1,946,160 | $4,534,680 | $4,785,300 | $3,794,175 | $4,929,400 | $1,506,342 |
| Pension and deferred compensation | $884,538 | $3,381,404 | $2,369,125 | $6,713,623 | $4,945,337 | $3,583,061 | $0 | $7,210,212 | $1,926,261 | $5,086,461 |
| All other | $31,478 | $31,947 | $44,243 | $52,503 | $61,256 | $48,535 | $72,214 | $62,570 | $83,642 | $61,876 |
| Total | $8,651,416 | $12,014,756 | $13,437,128 | $18,785,026 | $16,752,753 | $19,166,276 | $16,157,514 | $22,916,957 | $19,339,327 | $19,054,648 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: U.S. Bancorp DEF 14A filed March 10, 2026, accession 0001104659-26-025844, and prior-year filings.
How this page was built: the U.S. Bancorp filed document, accession 0001104659-26-025844. Every figure is read from that document and cited to the page and table it appears in. Filed March 10, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 235,939 | $12,589,705 | — |
| PSU | 213,915 | $11,414,504 | — |
| RSU | 154,269 | $8,231,794 | — |
| RSU | 95,073 | $5,073,095 | — |
| RSU | 70,258 | $3,748,967 | — |
| RSU | 30,836 | $1,645,409 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in U.S. Bancorp's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Change-in-control & termination
estimated payments U.S. Bancorp discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Death | — | $34,702,089 | — | $34,702,089 |
| Disability | — | $34,702,089 | $150,000 | $34,852,089 |
| Change in control and involuntary termination | — | $34,702,089 | — | $34,702,089 |
Per the Potential Payments Upon Termination or Change in Control table in U.S. Bancorp's FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
U.S. Bancorp’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Andrew Cecere · this page | Executive Chairman and former Chief Executive Officer | $19,054,648 |
| Gunjan Kedia | Chief Executive Officer and President | $16,674,515 |
| Jodi Richard | Vice Chair and Chief Risk Officer | $10,004,282 |
| Stephen Philipson | Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking | $6,093,143 |
| Terrance Dolan | Former Vice Chair and Chief Administration Officer | $5,965,140 |
| John Stern | Vice Chair and Chief Financial Officer | $5,766,025 |
| Elcio Barcelos | Senior Executive Vice President and Chief Human Resources Officer | $5,038,162 |
Board service
U.S. Bancorp board · FY2021–FY2025How this board is paid
Company policy: U.S. Bancorp pays directors a $100,000 cash retainer and $185,000 in RSUs. As stated in U.S. Bancorp's FY2025 proxy.
Committees
Risk Management · Executive (Chair)
Andrew Cecere's compensation dossier, U.S. Bancorp
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Peer companies
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are U.S. Bancorp's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.