Chief Executive Officer and President · U.S. Bancorp (USB)

Gunjan Kedia

A named executive officer of U.S. Bancorp in every fiscal year CompBrief holds from FY2017 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

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Total disclosed compensation, FY2025

$16,674,515

FY2024: $10,137,855

2nd of 7 named executive officers at U.S. Bancorp by FY2025 total.

7 named officers on file for U.S. Bancorp, FY2025

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What this number hides

The filing gives the total. U.S. Bancorp’s full Executive Compensation Report gives every award, the disclosed peer set and what the total leaves out — the pair adds the board’s.

Compensation figures as of the proxy filed March 10, 2026 (DEF 14A). Insider transactions since that proxy, current to 2026-11-06.

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Gunjan Kedia compensation by year

U.S. Bancorp Summary Compensation Table · all 9 fiscal years held
In US dollars, as U.S. Bancorp reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Salary$525,000$550,000$575,000$655,000$655,000$700,000$725,000$930,770$1,141,667
Bonus$0$0$0$0$0$0—$0$0
Stock awards$1,200,000$2,000,000$2,100,000$2,300,000$2,800,000$3,250,000$3,500,000$6,499,995$11,499,996
Option awards$400,000$0$0$0$0$0—$0$0
Non-equity incentive$611,520$739,970$646,013$690,632$1,511,216$1,451,520$1,173,050$2,292,267$3,232,267
Pension and deferred compensation$0$63,461$132,614$146,287$97,353$45,795$220,797$225,513$453,208
All other$69,327$94,821$113,128$162,040$321,819$146,317$130,447$189,310$347,377
Total$2,805,847$3,448,252$3,566,755$3,953,959$5,385,388$5,593,632$5,749,294$10,137,855$16,674,515

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. Open the filing on EDGAR.

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.

$2.8M
$3.4M
$3.6M
$4.0M
$5.4M
$5.6M
$5.7M
$10.1M
$16.7M
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
SalaryNon-equity incentiveStock awardsOption awardsAll other

Equity holdings

unvested awards at FY2025 year-end
TypeUnvested unitsValue at year-endExercise price
PSU194,469$10,376,866—
PSU107,245$5,722,593—
RSU86,430$4,611,905—
PSU58,900$3,142,904—
RSU51,423$2,743,931—
PSU32,281$1,722,514—
RSU31,935$1,704,052—
RSU10,279$548,487—
RSU9,613$512,950—

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.

Insider transactions since the last proxy

3 Form 4 lines since the FY2025 proxy (filed March 10, 2026)
current to 2026-11-06 · updated nightly
DateTransactionPlanSharesPriceHeld after
2026-08-28Sale—27,267$62.37426,262
2026-08-28Exercise or conversion derivative—27,267$0.000
2026-08-28Exercise or conversion—27,267$55.01453,529

The 3 most recent of 3 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →

Change-in-control & termination

estimated payments U.S. Bancorp discloses, by trigger · FY2025
TriggerCash severanceAccelerated equityBenefits continuationTotal as disclosed
Disability—$24,097,963$150,000$24,247,963
Death—$24,097,963—$24,097,963
Change in control and involuntary termination—$24,097,963—$24,097,963

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 officerRoleFY2025 total
Andrew CecereExecutive Chairman and former Chief Executive Officer$19,054,648
Gunjan Kedia · this pageChief Executive Officer and President$16,674,515
Jodi RichardVice Chair and Chief Risk Officer$10,004,282
Stephen PhilipsonVice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking$6,093,143
Terrance DolanFormer Vice Chair and Chief Administration Officer$5,965,140
John SternVice Chair and Chief Financial Officer$5,766,025
Elcio BarcelosSenior Executive Vice President and Chief Human Resources Officer$5,038,162

Board service

U.S. Bancorp board · FY2024–FY2025

How 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

Executive

The full U.S. Bancorp compensation record

free company brief

This page is one person within U.S. Bancorp's record. The company brief lists every named executive, each linking to their own page.

Peer companies

named in the U.S. Bancorp proxy · each links to its own free brief

Compensation, the day it’s disclosed

The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order U.S. Bancorp's full Executive Compensation Report with peer benchmarking.

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.

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Gunjan Kedia's compensation dossier