US Bancorp sets CEO Kedia compensation; Cecere Executive Chairman terms approved

US BANCORP DE

CEO Gunjan Kedia base salary $1.2M, target annual cash incentive 275% of base, effective Apr 16.
Additional PRSU award of $1.5M granted to Kedia under 2024 Stock Incentive Plan.
Executive Chairman Andrew Cecere base salary $1.4M; supplemental retirement benefit frozen as of Apr 15, 2025.
Amendment to Non-Qualified Retirement Plan locks actuarial assumptions for Cecere's lump-sum calculation.
Compensation effective following Apr 15 annual shareholders' meeting and board meeting.

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