secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001193125-25-014216
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gunjan Kedia to become CEO of U.S. Bancorp on April 15, 2025; Cecere to Executive Chairman
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- President Gunjan Kedia elected CEO of U.S. Bancorp and U.S. Bank, effective April 15, 2025.
- Current Chairman/CEO Andy Cecere to serve as Executive Chairman after transition.
- Kedia appointed to the Board effective immediately; will serve on Executive Committee.
- She receives $10M long-term incentive award (60% performance-based RSUs, 40% RSUs) granted Feb 27, 2025.
- Base salary and target annual cash incentive for Kedia not yet determined.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000119312525014216/0001193125-25-014216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000119312525014216/d928449d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-014216

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