Form 4: U.S. Bancorp Director Richard P. McKenney Reports Acquisition of Shares Through Deferred Compensation Plan

Director Richard P. McKenney acquired 263 shares of U.S. Bancorp stock through a deferred compensation plan.

Summary

• Richard P. McKenney, a director at U.S. Bancorp, reported the acquisition of 263 shares of common stock.
• These shares were acquired through participation in a deferred compensation plan.
• The transaction occurred on December 16, 2024.
• The price per share was $51.36.
• The total number of shares beneficially owned by McKenney after the transaction is 26,395.
• The shares are held directly.

Sentiment

Score: 7

Explanation: The document is a routine filing indicating a director's acquisition of shares, which is generally viewed neutrally to slightly positive as it shows confidence in the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, and this filing is consistent with those requirements.
• Directors and officers of public companies are required to disclose changes in their beneficial ownership of company stock, and this filing is a typical example of such disclosure.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates a director's confidence in the company.

Key Dates

Keywords

U.S. Bancorp, Richard P. McKenney, Director, Stock Acquisition, Deferred Compensation, SEC Form 4, Beneficial Ownership