U.S. Bancorp shareholders elect all 13 director nominees and approve say-on-pay at 2023 annual meeting

Proposal 1 : Election of thirteen directors to serve for a one-year term until the 2024 annual meeting of shareholders. The Company’s shareholders elected each of the thirteen nominees for director, and the voting results are set forth below: Name For Against Abstentions Broker Non-Votes Warner L. Baxter 1,099,245,610 23,480,489 2,593,240 170,650,483 Dorothy J. Bridges 1,113,661,483 9,282,972 2,374,884 170,650,483 Elizabeth L. Buse 1,115,555,813 7,289,170 2,474,356 170,650,483 Andrew Cecere 1,063,937,014 56,669,469 4,712,856 170,650,483 Alan B. Colberg 1,116,249,238 6,456,393 2,613,708 170,650,483 Kimberly N. Ellison-Taylor 1,114,465,623 8,026,658 2,827,058 170,650,483 Kimberly J. Harris 1,096,005,344 26,932,379 2,381,616 170,650,483 Roland A. Hernandez 1,094,921,831 27,882,542 2,514,966 170,650,483 Richard P. McKenney 1,108,944,204 13,740,620 2,634,515 170,650,483 Yusuf I. Mehdi 1,114,925,034 7,861,375 2,532,930 170,650,483 Loretta E. Reynolds 1,116,005,696 6,909,815 2,403,828 170,650

Proposal 2 : Advisory vote to approve the compensation of the Company’s executive officers as disclosed in the Proxy Statement. The Company’s shareholders gave advisory approval of the compensation of the Company’s executive officers as disclosed in the Proxy Statement, and the voting results are set forth below: For Against Abstentions Broker Non-Votes 1,040,017,189 79,038,927 6,263,223 170,650,483

Proposal 3 : Advisory vote on the frequency of future advisory votes on executive compensation. Holders of a majority of the Company’s shares voted at the meeting expressed a preference to hold the advisory vote on executive compensation on an annual basis, and the voting results are set forth below: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 1,099,426,752 3,170,011 18,767,489 3,955,087 170,650,483

Proposal 4 : Ratification of the selection of Ernst & Young LLP as the Company’s independent auditor for the 2023 fiscal year. The Company’s shareholders ratified the selection of Ernst & Young LLP, and the voting results are set forth below: For Against Abstentions Broker Non-Votes 1,255,678,117 37,906,873 2,384,832 —