Form 4: U.S. Bancorp Vice Chair Jodi L. Richard Reports Stock Disposals
SEC Form 4 Filing
Jodi L. Richard, Vice Chair of U.S. Bancorp, reported disposing of common stock on March 2nd and 3rd, 2024, to cover tax obligations.
Summary
- Jodi L. Richard, Vice Chair of U.S. Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On March 2, 2024, Richard disposed of 3,640 shares of common stock at a price of $41.42 per share to cover tax obligations, leaving her with 179,721 shares.
- On March 3, 2024, Richard disposed of 2,780 shares of common stock at a price of $41.42 per share to cover tax obligations, leaving her with 176,941 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, which is a common practice.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock disposal by a high-ranking executive could have a minor impact on shareholder sentiment, although it is likely to be viewed as a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Disposal of 3,640 shares of U.S. Bancorp common stock at $41.42 per share. |
| 03/03/2024 | Disposal of 2,780 shares of U.S. Bancorp common stock at $41.42 per share. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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