Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 21

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 21
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 and managing risk exposures of large, complex financial firms, gained through his work as CFO and Chief Risk Officer at a financial services company and through his experience on the Federal Home Loan Mortgage Corporation Board. Kimberly J. Harris
Director since October 2014 Committees ▶ Chair, Governance ▶ Compensation and Human Resources ▶ Executive Business experience:Ms. Harris, 60, is the retired President and Chief Executive Officer of Puget Energy, Inc., an energy services holding company, and its subsidiary Puget Sound Energy, Inc., a utility company providing electric and natural gas service in the northwest United States. She served in these positions from March 2011 until her retirement in January 2020. Ms. Harris served as President of Puget Energy and Puget Sound Energy from July 2010 through February 2011 and as Executive Vice President and Chief Resource Officer from May 2007 until July 2010. Prior to joining Puget Energy, Ms. Harris practiced law at Perkins Coie. Other public company directorships: ▶ American Water Works Company, Inc.since 2019 (Governance and Nominations Chair, Executive Development and Compensation, and Safety, Environmental, Technology and Operations Committees) ▶ Ameren Corporationsince 2023 (Nominating and Corporate Governance and Nuclear, Operations and Environmental Sustainability Committees) ▶ Puget Energy, Inc. and Puget Sound Energy, Inc. from 2011 to 2020 Skills and qualifications: ▶ Chief executive experience:Ms. Harris’s experience as a CEO provides valuable leadership and executive management perspective to our Board gained by leading a large company through challenging economic and regulatory environments. ▶ Community or sustainability leadership:Ms. Harris’s experience as CEO and former chief resource officer of an energy services holding company provides her with important perspectives on environmental sustainability and related risk matters. ▶ Other regulated industry expertise:Ms. Harris’s experience as the leader of a company in a heavily regulated industry gives her valuable expertise in managing a complex business in the context of an extensive regulatory regime. ▶ Risk management:As the recently retired President and CEO and current Board member of companies in critical infrastructure industries, Ms. Harris brings valuable risk management experience and perspectives to our Board.

| ​ | U.S. Bancorp 2025 Proxy Statement | ​ | ​ | 19 | ​ |

TABLE OF CONTENTS Proposal 1 — Election of directors Roland A. Hernandez
Director since January 2012 Lead Independent Director Committees ▶ Compensation and Human Resources ▶ Governance ▶