Form 4: U.S. Bancorp Executive Stephen L. Philipson Reports Stock Disposals
SEC Form 4 Filing
Stephen L. Philipson, a Senior Executive VP at U.S. Bancorp, reported the disposal of common stock to cover tax obligations.
Summary
- Stephen L. Philipson, a Senior Executive VP at U.S. Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of U.S. Bancorp common stock on February 28, 2025, March 2, 2025, and March 3, 2025.
- These disposals were likely to cover tax obligations related to stock awards.
- Following these transactions, Philipson directly owns 98,511 shares of U.S. Bancorp common stock.
- Philipson also indirectly owns 483 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive stock transactions and has a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation and tax planning. The disposal of shares to cover tax obligations is a standard practice.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Disposal of 8,936 shares of common stock at $46.28 per share. |
| 03/02/2025 | Disposal of 3,115 shares of common stock at $46.9 per share. |
| 03/03/2025 | Disposal of 701 shares of common stock at $46.9 per share. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Disposal, U.S. Bancorp, USB, Philipson, Executive Compensation, Tax Withholding
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