Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 87

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 87
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-end fair value for any equity awards granted in any prior fiscal year that failed to meet applicable vesting conditions during the covered fiscal year                                 | ​ | ​ | ​    | $ |          0 | ​ | ​ | ​ | ​                | $ |         0 | ​ | ​ |
| ​ | DEDUCT:Change in actuarial present value of the accumulated benefit under all defined benefit and actuarial pension plans reported in Summary compensation table                                   | ​ | ​ | ​    | $ |  1,926,261 | ​ | ​ | ​ | ​                | $ |   278,506 | ​ | ​ |
| ​ | ADD:Pension service cost attributable to (i) services rendered during the covered fiscal year and (ii) any change in pension value attributable to plan amendments made in the covered fiscal year | ​ | ​ | ​    | $ |    937,894 | ​ | ​ | ​ | ​                | $ |    95,043 | ​ | ​ |
| ​ | Compensation actually paid                                                                                                                                                                         | ​ | ​ | ​    | $ | 22,927,793 | ​ | ​ | ​ | ​                | $ | 8,245,789 | ​ | ​ |

Financial performance measures As discussed in the “Compensation discussion and analysis”, our executive compensation program and compensation decisions reflect the guiding principles of aligning long-term performance with shareholder interests. The metrics used within our incentive plans are selected to support these objectives. The most important financial performance measures used by the company to link compensation actually paid to the company’s NEOs for the most recently completed fiscal year to the company’s performance are as follows: ▶ Total Shareholder Return (TSR) ▶ Adjusted ROE* ▶ Adjusted EPS* ▶ Corporate Pretax Income ▶ Business Line Pretax Income * Non-GAAP financial measures; see footnote 5 above for information on the calculation of Adjusted ROE. As discussed in more detail on pages 46-47 in the “Compensation discussion and analysis”, Adjusted EPS is calculated from company reported EPS results, and adjusted to account for notable items that are unusual or related to acquisitions, including merger-related charges, and variation in our loan loss reserve in connection with our adoption of the CECL accounting standard in January 2020. Our adoption of CECL creates the potential for significant accounting volatility and uncertainty with respect to the loan loss reserve that is often dependent upon a number of judgmental factors and economic assumptions.