Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 52

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 52
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75th%ile | ​ | ​ | ​ | 137.0%              | ​ | ​ |
| ​ | ​ |                                                     2023 | ​ | ​ | ​ | 14.95% | ​ | ​ | ​ | At or above 75th%ile | ​ | ​ | ​ | 128.7%              | ​ | ​ |
| ​ | ​ |                                                     2024 | ​ | ​ | ​ | 12.47% | ​ | ​ | ​ | At or above 75th%ile | ​ | ​ | ​ | 114.1%              | ​ | ​ |
| ​ | ​ | Final earnout percentage for PRSU awards granted in 2022 |   |   |   |        |   |   |   |                      | ​ | ​ | ​ | 126.6%              | ​ | ​ |

1. ROE results for each of 2022, 2023 and 2024 include adjustments related to the impacts of the CECL accounting standard as described above. Reported ROE for 2022, 2023 and 2024 was 12.6%,10.8%, and 11.7%, respectively. For 2024, reported ROE results included notable items while adjusted ROE results excluded the impact of notable items, which included merger and integration charges related to the MUFG Union Bank acquisition, FDIC special assessment charges and charges related to lease impairments and operational efficiency actions. 2. This relative ranking reflects ROE results reported by peers, including any adjustments. Based on our absolute performance through the end of 2024 as well as our top quartile performance relative to the peer group during the 2022-2024 period, the PRSUs were earned at 126.6% of target, and those units vested on the third anniversary of their grant date. The number of units earned by each NEO for performance during the 2022-2024 period is reported in the Outstanding equity awards at 2024 fiscal year-end table later in this proxy statement. 2023 and 2024 PRSU awards.For 2023 and 2024 awards the Committee approved PRSU awards, including Ms. Kedia’s additional award granted in May 2024, with the matrix shown below.

| ​ | ​                                      | ROE performance matrix for awards granted in 2023 (performance period: 2023-2025)and 2024 (performance period: 202