USB · US Bancorp \De\ · Executive Compensation

$59.70 +0.12 (+0.20%) At close · Oct 26

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$93.31B

1.56B

Volume · Oct 26 5.35M Avg daily vol (3M) 7.4M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Andrew Cecere	Chairman, President and Chief Executive Officer	$1,200,000	—	$8,600,000	—	$1,946,160	$61,256	$16,752,753
Terrance R. Dolan	Vice Chair and Chief Financial Officer	$725,000	—	$3,600,000	—	$798,660	$30,757	$6,586,328
Terrance Dolan	CFO	$725,000	—	$3,600,000	—	$798,660	$30,757	$6,586,328
Jeffry H. von Gillern	Vice Chair, Technology and Operations Services	$675,000	—	$2,750,000	—	$660,960	$30,802	$4,444,704
Timothy A. Welsh	Vice Chair, Consumer and Business Banking	$655,000	—	$2,300,000	—	$918,048	$37,203	$4,006,885
Gunjan Kedia	Vice Chair, Wealth Management and Investment Services	$655,000	—	$2,300,000	—	$690,632	$162,040	$3,953,959

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Andrew Cecere	Chairman, President and Chief Executive Officer	$1,200,000	—	$8,100,000	—	$2,718,900	$52,503	$18,785,026
Terrance R. Dolan	Vice Chair and Chief Financial Officer	$700,000	—	$3,500,000	—	$897,750	$32,810	$6,511,517
Terrance Dolan	CFO	$700,000	—	$3,500,000	—	$897,750	$32,810	$6,511,517
Jeffry H. von Gillern	Vice Chair, Technology and Operations Services	$625,000	—	$2,500,000	—	$835,313	$37,764	$4,356,227
Shailesh M. Kotwal	Vice Chair, Payment Services	$575,000	—	$2,100,000	—	$764,175	$88,889	$3,633,329
Timothy A. Welsh	Vice Chair, Consumer and Business Banking	$575,000	—	$2,100,000	—	$731,400	$37,693	$3,573,802
Gunjan Kedia	Vice Chair, Wealth Management and Investment Services	$575,000	—	$2,100,000	—	$646,013	$113,128	$3,566,755

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Andrew Cecere	Chairman, President and Chief Executive Officer	$1,100,000	—	$7,260,000	—	$2,663,760	$44,243	$13,437,128
Terrance R. Dolan	Vice Chair and Chief Financial Officer	$675,000	—	$3,250,000	—	$953,505	$23,451	$5,136,722
Terrance Dolan	CFO	$675,000	—	$3,250,000	—	$953,505	$23,451	$5,136,722
Jeffry H. von Gillern	Vice Chair, Technology and Operations Services	$600,000	—	$2,300,000	—	$838,320	$25,226	$3,779,216
Gunjan Kedia	Vice Chair, Wealth Management and Investment Services	$550,000	—	$2,000,000	—	$739,970	$94,821	$3,524,892
Shailesh M. Kotwal	Vice Chair, Payment Services	$550,000	—	$2,000,000	—	$791,560	$79,244	$3,471,351

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Andrew Cecere	Chairman, President and Chief Executive Officer	$941,538	—	$4,500,000	$1,500,000	$1,659,867	$31,947	$12,014,756
Terrance R. Dolan	Vice Chair and Chief Financial Officer	$650,000	—	$2,325,000	$775,000	$768,040	$16,188	$5,113,622
Terrance Dolan	CFO	$650,000	—	$2,325,000	$775,000	$768,040	$16,188	$5,113,622
Jeffry H. von Gillern	Vice Chair, Technology and Operations Services	$575,000	—	$1,725,000	$575,000	$655,270	$31,935	$3,749,037
Gunjan Kedia	Vice Chair, Wealth Management and Investment Services	$525,000	—	$1,200,000	$400,000	$611,520	$69,327	$2,805,847

Executive changes

Person	Role	Change	Effective	Filed
Gunjan Kedia	Chairman	Appointed	2026-04-21	2026-01-28
Kimberly J. Harris	director	Resigned	2025-03-24	2025-03-25
Andrew Cecere	Executive Chairman	Appointed	2025-04-15	2025-01-28
Gunjan Kedia	Board of Directors	Appointed	2025-01-28	2025-01-28
Gunjan Kedia	President and Chief Executive Officer of U.S. Bancorp and U.S. Bank National Association	Appointed	2025-04-15	2025-01-28
Aleem Gillani	director	Appointed	2024-07-16	2024-07-16
Timothy A. Welsh	Vice Chair, Consumer and Business Banking	Resigned	2024-07-31	2024-06-27
Gunjan Kedia	President of U.S. Bancorp and U.S. Bank National Association	Appointed	2024-05-03	2024-05-03
John C. Stern	Senior Executive Vice President and Chief Financial Officer	Appointed	2023-09-01	2023-08-23
Terrance R. Dolan	Vice Chair and Chief Administration Officer	Appointed	2023-09-01	2023-08-23
Jeffry H. von Gillern	Vice Chair, Technology and Operations Services	Resigned	2023-09-01	2023-08-23
Jim Kelligrew	vice chair of corporate and commercial banking	Retired	2023-06-30	2023-04-12
Kate Quinn	vice chair and chief administrative officer	Retired	2023-06-30	2023-04-12
John C. Stern	Chief Financial Officer	Appointed	2023-09-01	2023-04-12
Terrance R. Dolan	Vice Chair and Chief Administration Officer	Appointed	2023-09-01	2023-04-12
Olivia F. Kirtley	director	Retired	—	2023-01-24
Alan B. Colberg	director	Appointed	2023-01-24	2023-01-24
Souheil Badran	senior executive vice president and chief operations officer	Appointed	2022-12-15	2022-11-10
Loretta E. Reynolds	director	Appointed	2022-10-18	2022-10-18

Leadership

Gunjan Kedia CEO, Chairman, Board Member
Andrew Cecere Chairman
John C. Stern CFO
Souheil Badran COO
Alan B. Colberg Board Member
Aleem Gillani Board Member
Dorothy Bridges Board Member
Dorothy J. Bridges Board Member
Elizabeth L. Buse Board Member
John P. Wiehoff Board Member
Kimberly N. Ellison-Taylor Board Member
Loretta E. Reynolds Board Member
Richard P. McKenney Board Member
Roland A. Hernandez Board Member
Warner L. Baxter Board Member
Yusuf I. Mehdi Board Member

Key facts CIK 36104 CUSIP 902973304 13F (30d) 657 filings 636 filers Visit website Investor relations