other material
confidence high
sentiment neutral
materiality 0.20
U.S. Bancorp enters into aircraft use agreements with CEO Gunjan Kedia
US BANCORP DE
- CEO Gunjan Kedia entered into time sharing and charter flight reimbursement agreements for corporate aircraft use.
- Agreements allow personal commuting and approved travel; reimbursement limited to FAA-permitted costs under FAR 91.501.
- U.S. Bank may enter similar agreements with other executive officers.
- Charter flight agreement includes use of NetJets fractional program; U.S. Bank acts as limited agent.