Form 4: U.S. Bancorp Vice Chair Terrance R. Dolan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Terrance R. Dolan, Vice Chair of U.S. Bancorp, reports disposition of shares to cover tax obligations and holdings in a 401(k) plan.
Summary
- Terrance R. Dolan, Vice Chair of U.S. Bancorp, filed a Form 4 to report changes in beneficial ownership of the company's stock.
- On March 2, 2024, Dolan disposed of 5,548 shares of common stock at a price of $41.42 per share to cover tax obligations.
- On March 3, 2024, Dolan disposed of 4,259 shares of common stock at a price of $41.42 per share to cover tax obligations.
- Following these transactions, Dolan directly owns 240,685 shares of U.S. Bancorp common stock.
- Dolan also indirectly owns 7,684 shares through a 401(k) plan, based on a plan report dated February 29, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates transactions related to tax obligations and holdings within a retirement plan, which are common occurrences.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they are related to tax obligations and 401(k) plan holdings.
Key Dates
| Date | Description |
|---|---|
| 2024-02-29 | Date of the most recent 401(k) plan report available. |
| 2024-03-02 | Date of transaction where 5,548 shares were disposed of. |
| 2024-03-03 | Date of transaction where 4,259 shares were disposed of. |
| 2024-03-05 | Date of signature on the Form 4 filing. |
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