Form 4: U.S. Bancorp Vice Chair Shailesh Kotwal Reports Stock Disposals
SEC Form 4 Filing
Vice Chair Shailesh Kotwal of U.S. Bancorp reports the disposal of common stock to cover tax obligations.
Summary
- On March 2, 2024, Shailesh Kotwal, Vice Chair of U.S. Bancorp, disposed of 2,372 shares of common stock at a price of $41.42 per share to cover tax obligations.
- Following this transaction, Kotwal directly owns 193,310 shares of U.S. Bancorp common stock.
- On March 3, 2024, Kotwal disposed of 2,451 shares of common stock at a price of $41.42 per share to cover tax obligations.
- Following this transaction, Kotwal directly owns 190,859 shares of U.S. Bancorp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in sentiment or alignment of interests.
Stakeholder Impact
- The disposal of shares by a company insider could be perceived negatively by some shareholders, although disposals for tax purposes are common.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Disposal of 2,372 shares of U.S. Bancorp common stock. |
| 03/03/2024 | Disposal of 2,451 shares of U.S. Bancorp common stock. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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