Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 103

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 103
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 2, 2025; and following that date he serves in a non-executive officer capacity as an advisor supporting the leadership transition of the Payments business through June 30, 2025. 6. Mr. Welsh served as the company’s Vice Chair, Consumer and Business Banking, until July 31, 2024; and following that date he served in a non-executive officer capacity as an advisor to the President until October 4, 2024. Principal shareholders

| ​ | Name of beneficial owner | ​ | ​ | Shares ofcommon stock |   |             |   | ​ | ​ | Percent ofcommon stock |   |      |   | ​ |
| ​ | The Vanguard Group1      | ​ | ​ | ​                     | ​ | 134,858,056 | ​ | ​ | ​ | ​                      | ​ | 8.7% | ​ | ​ |
| ​ | BlackRock, Inc.2         | ​ | ​ | ​                     | ​ | 108,476,982 | ​ | ​ | ​ | ​                      | ​ | 7.0% | ​ | ​ |

1. The Vanguard Group
Based on Amendment No. 9 to Schedule 13G filed with the SEC on February 13, 2024, by The Vanguard Group, on behalf of itself and certain of its subsidiaries. The Vanguard Group has shared voting power over 2,001,827 shares, sole dispositive power over 127,938,541 shares and shared dispositive power over 6,919,515 shares. The address for The Vanguard Group is 100 Vanguard Boulevard, Malvern, PA 19355. 2. BlackRock, Inc.
Based on Amendment No. 14 to Schedule 13G filed with the SEC on January 26, 2024, by BlackRock, Inc., on behalf of itself and certain of its subsidiaries. BlackRock has sole voting power over 98,173,302 shares and sole dispositive power over 108,476,982 shares. The address for BlackRock is 50 Hudson Yards, New York, NY 10001.

| ​ | U.S. Bancorp 2025 Proxy Statement | ​ | ​ | 87 | ​ |

TABLE OF CONTENTS Questions and answers about the annual meeting and voting

Questions and answers about the annual meeting and voting Why did I receive the proxy materials? We have furnished the proxy materials to you over the Internet or mailed you a printed copy of these materials