Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 83

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 83
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 2023, 2022, 2021 and 2020 between (1) executive compensation “actually paid” (as defined by SEC rules and further described below) to (a) our principal executive officer or PEO (also referred to as our CEO) and (b) our non-PEO named executive officers (also referred to below as other NEOs), on an average basis, and (2) the company’s financial performance. We have identified adjusted Return on Equity (Adjusted ROE) as our Company-Selected Measure that represents, in our view, the most important financial measure used to link compensation actually paid for 2024 to our performance. Adjusted ROE has a material impact on CEO and NEO compensation because it is used to calculate performance-based long-term incentive awards, as described in the “Compensation discussion and analysis” section above.

| ​ 
 ​ |                   Year 
 Totalshareholderreturn | ​ | ​ | Summarycompensationtable totalfor PEO1 | ​ |          ​ | PeerGrouptotalshareholderreturn3 | ​ | ​ | Compensationactuallypaid to PEO1, 6 | ​ |            |   | ​ | ​ | Averagesummarycompensationtable totalfor non-PEOnamedexecutiveofficers2 |   |           |   | ​ | ​ | Averagecompensationactually paidto non-PEOnamedexecutiveofficers2, 6 |   |           |   | ​ | ​ | Value of initial fixed$100 investmentbased on: |   |     |   |   |   |   |   |     |   | ​ | ​ | Net income(in millions)4 |   |       |   | ​ | ​ | AdjustedROE5 |   |        |   | ​ |
|:--|-----------------------:|:--|:--|:---------------------------------------|:--|-----------:|:---------------------------------|:--|:--|:------------------------------------|:--|-----------:|:--|:--|:--|:------------------------------------------------------------------------|:--|----------:|:--|:--|:--|:---------------------------------------------------------------------|:--|----------:|:--|:--|:--|:-----------------------------------------------|:--|----:|:--|:--|:--|:--|:--|----:|:--|:--|:--|:-------------------------|:--|------:|:--|:--|: