Form 4: U.S. Bancorp EVP and Controller Lisa R. Stark Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Lisa R. Stark, EVP and Controller of U.S. Bancorp, reports changes in beneficial ownership of company stock due to tax withholding related to equity compensation.
Summary
- Lisa R. Stark, an Executive Vice President and Controller at U.S. Bancorp, filed a Form 4 with the SEC on March 5, 2024, reporting changes in her beneficial ownership of U.S. Bancorp common stock.
- The reported transactions occurred on March 2 and March 3, 2024, and involved the disposition of shares to cover tax obligations.
- On March 2, 2024, 1,200 shares were disposed of at a price of $41.42 per share.
- On March 3, 2024, 763 shares were disposed of at a price of $41.42 per share.
- Following these transactions, Stark directly owns 49,345 shares of U.S. Bancorp common stock.
- She also indirectly owns 1,123 shares through a 401(k) plan, based on the most recent plan report available dated February 29, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2024-02-29 | Date of the most recent 401(k) plan report available. |
| 2024-03-02 | Date of transaction where 1,200 shares were disposed of at $41.42 per share. |
| 2024-03-03 | Date of transaction where 763 shares were disposed of at $41.42 per share. |
| 2024-03-05 | Date the Form 4 was filed. |
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