U.S. Bancorp
U.S. Bancorp Adopts New Executive Change in Control Severance Plan
Summary
On January 27, 2026, U.S. Bancorp's Board of Directors adopted the U.S. Bank Executive Change in Control Severance Plan, which provides severance benefits to certain officers in the event of a Change in Control. Eligible participants can receive benefits including two times their annual base salary, two times their target annual incentive award, a pro-rata portion of their target annual incentive for the performance period, and six months of health plan coverage. Participation is contingent on signing a participation agreement and meeting certain conditions.
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About U.S. Bancorp
U.S. Bancorp provides a wide array of financial services through its primary subsidiary, U.S. Bank, which is one of the largest banks in the United States. It offers services such as commercial banking, consumer banking, wealth management and investment services, and payment services, catering to individuals, businesses, governmental entities, and other financial institutions. The company is renowned for its comprehensive suite of financial products, which includes credit cards, mortgage and loan products, as well as personal and corporate checking and savings accounts. Serving a diverse clientele across various sectors, U.S. Bancorp plays a significant role in the financial market by facilitating capital flow and offering critical financial support. Based in Minneapolis, the bank's extensive network and technological integration enable it to deliver efficient banking solutions across the nation, reflecting its commitment to customer service and operational excellence.
Official SEC Documents
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