Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 4

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 4
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orp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World’s Most Ethical Companies. 1. Full year 2024 taxable-equivalent basis. Business line net revenue percentages exclude Treasury and Corporate Support; see Non-GAAP financial measures on page 94 for the reconciliation to the following GAAP measures; Wealth, Corporate, Commercial and Institutional Banking: 44%; Consumer and Business Banking: 34%; Payment Services: 26%; Treasury and Corporate Support: -4%. 2. Includes a portion of Treasury Management.

| ​ | 2 | ​ | ​ | U.S. Bancorp 2025 Proxy Statement | ​ |

TABLE OF CONTENTS Proxy statement highlights

| ​ | U.S. Bancorp 2025 Proxy Statement | ​ | ​ | 3 | ​ |

TABLE OF CONTENTS Proxy statement highlights

Director nominees at a glance

| ​ | Name1                                        | ​ | ​ | Age | ​ | ​ | DirectorSince | ​ | ​ | Primary Occupation                                                                    | ​ | ​ | CommitteeMemberships | ​ | ​ | Independent  | ​ |
| ​ | Warner L. Baxter                             | ​ | ​ |  63 | ​ | ​ | 12/2015       | ​ | ​ | Retired Executive Chairman and Former Chairman, President and CEO, Ameren Corporation | ​ | ​ | A (Chair), CHR, E    | ​ | ​ |              | ​ |
| ​ | Dorothy Bridges                              | ​ | ​ |  69 | ​ | ​ | 10/2018       | ​ | ​ | CEO, Metropolitan Economic Development Association (Meda)                             | ​ | ​ | PR (Chair), RM, E    | ​ | ​ |              | ​ |
| ​ | Elizabeth L. Buse                            | ​ | ​ |  64 | ​ | ​ | 6/2018        | ​ | ​ | Former CEO, Monitise plc                                                              | ​ | ​ | A, RM                | ​ | ​ |              | ​ |
| ​ | Andrew Cecere                                | ​ | ​ |  64 | ​ | ​ | 1/2017        | ​ | ​ | Chairman and CEO,                                                                     
 U.S. Bancorp                                                                          | ​ | ​ | E (Chair), C, RM     | ​ | ​ | Current CEO  | ​ |
| ​ | Alan B. Colberg                              | ​ | ​ |  63 | ​ |