Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 74

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 74
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| ​ | International Equity Index Fund    | ​ | ​ | ​ | ​ | 3.24%  | ​            | ​ |
| ​ | U.S. Bancorp Stock Fund            | ​ | ​ | ​ | ​ | 15.47% | ​            | ​ |

Amounts deferred under the Executive Deferred Compensation Plan are credited with earnings and investment gains and losses by assuming that deferred amounts were invested in one or more of the hypothetical investment options selected by the plan participant. Participants are generally allowed to change their investment elections at any time. The measurement funds are merely measuring tools to determine the amount by which account balances will be debited or credited to reflect deemed investment returns on deferred compensation. Although the plan administrator has established procedures permitting a participant to reallocate deferred amounts among these investment alternatives after the initial election to defer, the election to defer is irrevocable, and the deferred compensation will not be paid to the participant until his or her retirement or earlier termination of employment. At that time, the participant will receive, depending upon the payment choice and investment alternatives selected by the participant, payment of the amounts credited to the participant’s account under the plan in a lump-sum payment or in annual installments over 5, 10, 15 or 20 years. Payments are made ratably in cash from each of the investment alternatives in which the participant has a balance. If a participant dies before the entire deferred amount has been distributed, the undistributed portion will be paid to the participant’s beneficiary in a single lump sum. The benefits under the plan are otherwise not transferable.

| ​ | 68 | ​ | ​ | U.S. Bancorp 2025 Proxy Statement | ​ |

TABLE OF CONTENTS Executive compensation

The following table summarizes information with respect to the participation of the NEOs in any defined contribution or other plan that provides for the deferral of compensation on a basis that is not tax-qualified. Nonqualified deferred compensation for fiscal year 2024

| ​ | Name               | ​ | ​ | Executivecontributionsin last FY($) |   |           |   | ​ | ​ | Registrantcontributionsin last FY($) |   |         |   | ​ | ​ | Aggregateearningsin last FY($)1 |   |         |   | ​ | ​ | Aggregatewithdrawals/​distributions($) |   |   |   | ​ | ​ | Aggregatebalanceat last FYE($) |   |              |   | ​ |
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