Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 75

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 75
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2,033,712(4) | ​ | ​ |

1. Aggregate earnings in last FY The amounts reported in this column represent the change during the last fiscal year in the value of the underlying investment fund or U.S. Bancorp stock fund in which the NEO’s deferred amounts were deemed to be invested and any increases in the deferred amounts due to dividends payable upon those funds. 2. Ms. Kedia deferred cash compensation in 2019, 2023 and 2024, for a total deferred contribution of $708,486. This amount includes deferred incentive pay earned for her 2018, 2022 and 2023 performance. These amounts were included in her compensation reported in the “Summary compensation table” in our proxy statements for 2018, 2022 and 2023. 3. Mr. Kotwal deferred cash compensation each year from 2018 to 2024, for a total deferred contribution of $3,675,361. This amount includes deferred salary from 2018, 2019, 2021, 2022 and 2023, and deferred incentive pay earned for his 2018, 2019, 2021, 2022 and 2023 performance. This deferred compensation was reported in the “Summary compensation table” in our proxy statement for the applicable years for which he was a NEO. 4. Mr. Welsh deferred cash compensation each year from 2017 to 2024, for a total deferred contribution of $1,742,981. Of this amount, $1,615,179 is deferred salary from 2019 and 2020 and deferred incentive pay earned for his 2019, 2020, 2021, 2022 and 2023 performance. This deferred compensation was reported in the “Summary compensation table” in our proxy statement for the applicable years. Mr. Welsh’s total deferred contribution also includes $127,802 in deferred salary from 2017 and 2018 and deferred incentive pay earned for his 2018 performance that was not included in the “Summary compensation table” in our proxy statement, as Mr. Welsh was not a NEO in 2017 and 2018.

| ​ | U.S. Bancorp 2025 Proxy Statement | ​ | ​ | 69 | ​ |

TABLE OF CONTENTS Executive compensation Potential payments upon termination or change-in-control General None of our NEOs have employment or standalone change-in-control agreements. Any NEO whose employment is voluntarily or involunt