Company: USB-PA
Filing Date: 2025-03-25
Form Type: DEFA14A
Source: 0001193125-25-062564
Chunk: 2

Company: US BANCORP \DE\
Filing Date: 2025-03-25
Form: DEFA14A
Chunk 2
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 instruction form and described in the Proxy Statement with respect to all other matters properly brought before the Annual Meeting. If you have not yet returned your proxy card or submitted your voting instructions, please complete and return the proxy card or submit voting instructions, disregarding Ms. Harris’s name as a nominee for election as a director. Due to the reduction in the size of the Board, the Board will not have a vacancy at the Annual Meeting and shareholders will vote to elect all 13 members of the Board at the Annual Meeting.

| Supplement to U.S. Bancorp 2025 Proxy Statement |     | 1 |

None of the other items to be acted upon at the Annual Meeting, which are described in the Proxy Statement, are affected by this Supplement. The shares represented by proxy cards returned or voting instructions submitted before the Annual Meeting will be voted with respect to all other matters properly brought before the Annual Meeting as instructed on the proxy card or pursuant to the voting instructions. Information about how to vote your shares is available in the Proxy Statement. By Order of the Board of Directors Kathryn V. Purdom Deputy General Counsel and Corporate Secretary March 25, 2025 Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to be Held on April 15, 2025: Our Proxy Statement and 2024 Annual Report are available at www.proxyvote.com. This Supplement is being made available online at the same location on or about March 25, 2025.

| 2 |     | Supplement to U.S. Bancorp 2025 Proxy Statement |