Form 4: Terrance R. Dolan, US Bancorp Vice Chair, Reports Changes in Beneficial Ownership

Terrance R. Dolan, Vice Chair of US Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock due to a transaction on March 5, 2024.

Summary

• Terrance R. Dolan, Vice Chair of US Bancorp, reported changes in his beneficial ownership of the company's common stock.
• The report, filed on March 6, 2024, details a transaction that occurred on March 5, 2024.
• Mr. Dolan disposed of 31,203 shares of common stock at a price of $42.70.
• Following the transaction, Mr. Dolan directly owns 209,482 shares of US Bancorp common stock.
• He also indirectly owns 7,684 shares through a 401(k) plan, based on the most recent plan report dated February 29, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a change in Terrance R. Dolan's holdings of US Bancorp stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency in insider trading.
• Comparable filings can be observed across the financial industry, including companies like JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC), where executives routinely report changes in their beneficial ownership.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects an insider's decision to sell a portion of their holdings.

Key Dates