U.S. Bancorp President & CEO Gunjan Kedia Exercises and Sells 27.27K Shares
US BANCORP \DE\
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Filing Summary
š Insider Transaction Report | U.S. Bancorp ($USB)
Insider: Gunjan Kedia Title: President & CEO (Director) Filing Date: August 31, 2026 Transaction Date: August 28, 2026
Transaction Details: ā¢ Type: Option Exercise & Sale (M & S) ā¢ Shares Exercised: 27,267 @ $55.01 ā¢ Shares Sold: 27,267 @ $62.371 ā¢ Total Sale Value: $1,700,670.06 ā¢ Post-Transaction Holdings: 426,262 direct shares
Significance: Low (Routine option exercise and immediate sale prior to option expiration in Feb 2027)
Comprehensive Analysis
Executive Summary
On August 31, 2026, Gunjan Kedia, President & CEO and Director of U.S. Bancorp ($USB), filed a Form 4 reporting an option exercise and subsequent sale of 27,267 shares of common stock executed on August 28, 2026.
Transaction Details
- Derivative Exercise (Code M):
- Exercised stock options for 27,267 shares at an exercise price of $55.01 per share.
- The underlying options were set to expire on February 16, 2027.
- Open Market Sale (Code S):
- Sold all 27,267 shares at a weighted-average price of $62.371 (ranging from $62.37 to $62.381).
- Gross sale proceeds totaled approximately $1.70 million (net pre-tax gain of ~$200,685 over exercise cost).
Holdings & Impact
- Direct Ownership Remaining: 426,262 shares of common stock.
- Derivative Holdings: 0 remaining under this specific option grant.
- Trading Significance: Low. This represents a routine exercise-and-sale transaction ahead of option expiration, with the CEO maintaining a substantial direct holding of over 426,000 shares.
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