secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001193125-26-029382
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Bancorp adopts Executive Change in Control Severance Plan effective Jan 27, 2026
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- Plan provides lump-sum severance of 2x base salary plus 2x target annual incentive for executives upon qualifying termination within 24 months after a change in control.
- Covered participants include executive officers and other officers designated by CEO or Committee.
- Participation requires signing a participation agreement, release, and compliance with confidentiality, non-solicitation, and non-compete covenants.
- Plan is effective January 27, 2026 and replaces prior change in control benefits for covered executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000119312526029382/0001193125-26-029382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000119312526029382/d25960d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-029382

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer