Form 4: U.S. Bancorp Executive Souheil Badran Reports Stock Transaction
SEC Form 4 Filing
Souheil Badran, SEVP and Chief Operations Officer of U.S. Bancorp, reports the disposition of 2,144 shares of common stock to cover tax obligations.
Summary
- On March 2, 2024, Souheil Badran, SEVP and Chief Operations Officer of U.S. Bancorp, disposed of 2,144 shares of common stock.
- The transaction was executed at a price of $41.42 per share.
- Following the transaction, Badran directly owns 89,524 shares of U.S. Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Date of stock transaction |
| 03/05/2024 | Date of signature on the Form 4 filing |
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