Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 81

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 81
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          ​ | ​ | ​ | 10,166,506 | ​                                                                                      | ​ |            |   |   |
| ​ | ​                        | ​ | ​ | Total           | ​ |         ​ | ​                                | ​ |   150,000 | ​ | ​ |          ​ | ​                      | ​ | 10,166,506 | ​ | ​ |          ​ | ​                                                                                      | ​ | 10,166,506 | ​ | ​ |

1. See footnote 2 to the Pension benefits table for additional information about amounts payable to each NEO in the event of their death prior to reaching retirement age. 2. Value determined by multiplying the number of units by $47.83, the closing market price of a share of our common stock on December 31, 2024. PRSU values reflect actual payout for PRSUs granted in 2022 and target payout for PRSUs granted in 2023 and 2024, as applicable.

| ​ | 72 | ​ | ​ | U.S. Bancorp 2025 Proxy Statement | ​ |

TABLE OF CONTENTS Executive compensation Pay ratio Total compensation amounts and ratio for 2024 As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, we are providing the following information about the relationship between the annual total compensation of our employees and the annual total compensation of our CEO. ▶ The median of the annual total compensation of all employees of our company other than the CEO was $90,217 in 2024. ▶ The annual total compensation for our CEO was $19,356,992 in 2024, which equals the amount reported in the “Summary compensation table” plus the amount spent on health and welfare benefits generally available to all employees. ▶ The resulting ratio of the annual total compensation of our median employee to the annual total compensation of our CEO for 2024 is 1:215. The ratio stated above is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K. In making this pay ratio disclosure, other companies may use assumptions, estimates, and methodologies different than ours; as a result, the foregoing information may not be directly comparable to the information provided by other companies in our peer group or otherwise. Median employee identification and compensation calculation We identified our median employee based on compensation paid during 2024 to all of our U.S.-based employees, other than our CEO