USB · US Bancorp \De\ · Executive Compensation

$62.41 +0.30 (+0.48%) At close · Sep 10

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$96.77B

1.56B

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 Dolan	CFO	$725,000	—	$3,600,000	—	$798,660	$30,757	$6,586,328
Terrance R. Dolan	Vice Chair and Chief Financial Officer	$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 Dolan	CFO	$700,000	—	$3,500,000	—	$897,750	$32,810	$6,511,517
Terrance R. Dolan	Vice Chair and Chief Financial Officer	$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

Key facts CIK 36104 CUSIP 902973304 13F (30d) 617 filings 601 filers Visit website Investor relations