U.S. Bancorp insider activity
What the executives and directors of U.S. Bancorp actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
−$20M
net open-market flow, 12 m
0 open-market buys, 12 m
0%
of sale value on 10b5-1 plans, 12 m
518 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 120 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Aug 28, 2026 | Kedia Gunjan | 27K |
| Jul 23, 2026 | CHOSY JAMES L | 29K |
| Mar 5, 2026 | CHOSY JAMES L | 39K |
| Mar 5, 2026 | Runkel Mark G. | 22K |
| Mar 5, 2026 | Kedia Gunjan | 129K |
| Mar 5, 2026 | Richard Jodi L | 51K |
| Mar 5, 2026 | Stark Lisa R | 17K |
| Mar 5, 2026 | Barcelos Elcio R.T. | 38K |
| Mar 5, 2026 | Badran Souheil | 37K |
| Mar 5, 2026 | Stern John C | 27K |
| Mar 5, 2026 | Dilip Venkatachari | 21K |
| Mar 5, 2026 | Philipson Stephen L | 31K |
| Mar 5, 2026 | Roy Arijit | 15K |
| Mar 5, 2026 | Kelso Courtney | 13K |
| Mar 2, 2026 | CECERE ANDREW | 84K |
| Feb 28, 2026 | CECERE ANDREW | 26K |
| Feb 28, 2026 | CHOSY JAMES L | 4,320 |
| Feb 28, 2026 | Runkel Mark G. | 3,549 |
| Feb 28, 2026 | Kedia Gunjan | 21K |
| Feb 28, 2026 | Richard Jodi L | 8,666 |
| Feb 28, 2026 | Stark Lisa R | 3,504 |
| Feb 28, 2026 | Barcelos Elcio R.T. | 5,923 |
| Feb 28, 2026 | Badran Souheil | 6,004 |
| Feb 28, 2026 | Stern John C | 5,227 |
| Feb 28, 2026 | Dilip Venkatachari | 4,194 |
| Feb 28, 2026 | Philipson Stephen L | 12K |
| Feb 28, 2026 | Roy Arijit | 3,118 |
| Feb 27, 2026 | Kelso Courtney | 1,845 |
| Feb 11, 2026 | CECERE ANDREW | 154K |
| Feb 11, 2026 | CHOSY JAMES L | 32K |
| Feb 11, 2026 | Runkel Mark G. | 19K |
| Feb 11, 2026 | Kedia Gunjan | 51K |
| Feb 11, 2026 | Richard Jodi L | 41K |
| Feb 11, 2026 | Barcelos Elcio R.T. | 32K |
| Feb 11, 2026 | Badran Souheil | 35K |
| Feb 6, 2026 | Runkel Mark G. | 15K |
| Feb 3, 2026 | CHOSY JAMES L | 4,500 |
| Oct 21, 2025 | Roy Arijit | 1,675 |
| Oct 20, 2025 | CECERE ANDREW | 140K |
| Oct 20, 2025 | CHOSY JAMES L | 29K |
| Jul 30, 2025 | CHOSY JAMES L | 5,000 |
| Jun 9, 2025 | CECERE ANDREW | 682 |
| Mar 3, 2025 | CECERE ANDREW | 72K |
| Mar 3, 2025 | DOLAN TERRANCE R | 30K |
| Mar 3, 2025 | CHOSY JAMES L | 14K |
| Mar 3, 2025 | Runkel Mark G. | 8,704 |
| Mar 3, 2025 | Kedia Gunjan | 24K |
| Mar 3, 2025 | Richard Jodi L | 19K |
| Mar 3, 2025 | Stark Lisa R | 1,069 |
| Mar 3, 2025 | Barcelos Elcio R.T. | 14K |
| Mar 3, 2025 | Stern John C | 1,515 |
| Mar 3, 2025 | Dilip Venkatachari | 2,134 |
| Mar 3, 2025 | Philipson Stephen L | 701 |
| Mar 2, 2025 | CECERE ANDREW | 123K |
| Mar 2, 2025 | DOLAN TERRANCE R | 57K |
| Mar 2, 2025 | CHOSY JAMES L | 29K |
| Mar 2, 2025 | Runkel Mark G. | 17K |
| Mar 2, 2025 | Kedia Gunjan | 101K |
| Mar 2, 2025 | Richard Jodi L | 108K |
| Mar 2, 2025 | Stark Lisa R | 20K |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| Granted | 686K |
| Vested / exercised | 237K |
| Withheld for tax | 311K |
| Discretionary sales | 378K |
| Gifts | 8,469 |
| Kept | 225K |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| CECERE ANDREW | 956K | 1.4M | 147 |
| CHOSY JAMES L | 135K | 253K | 187.8 |
| DOLAN TERRANCE R | 164K | 244K | 148.4 |
Who holds what
the 14 largest holdings of 17| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| CECERE ANDREW Last trade Oct 20, 2025 | Director | 1.4M | – | $6.5M | net selling over the year: 0 months buying, 1 month selling | Oct 20, 2025 |
| Kedia Gunjan President & CEO Last trade Aug 28, 2026 | CEO | 454K | – | $1.7M | net selling over the year: 0 months buying, 1 month selling | Aug 28, 2026 |
| CHOSY JAMES L Senior EVP and General Counsel Last trade Jul 23, 2026 | Officer | 276K | – | $2.7M | net selling over the year: 0 months buying, 2 months selling | Jul 23, 2026 |
| DOLAN TERRANCE R Vice Chairman Last trade Feb 3, 2025 | Officer | 247K | – | – | Feb 3, 2025 | |
| Richard Jodi L Vice Chair Last trade Apr 21, 2026 | Officer | 207K | – | $2.3M | net selling over the year: 0 months buying, 1 month selling | Apr 21, 2026 |
| Welsh Timothy A Vice Chair Last trade Jan 18, 2024 | Officer | 170K | – | – | Jan 18, 2024 | |
| Kotwal Shailesh M Vice Chair Last trade Oct 17, 2024 | Officer | 136K | – | – | Oct 17, 2024 | |
| Runkel Mark G. Vice Chair Last trade Feb 6, 2026 | Officer | 121K | – | $2.0M | net selling over the year: 0 months buying, 1 month selling | Feb 6, 2026 |
| Barcelos Elcio R.T. Senior EVP, Chief HR Officer Last trade Feb 3, 2026 | Officer | 120K | – | $1.0M | net selling over the year: 0 months buying, 1 month selling | Feb 3, 2026 |
| Stern John C Vice Chair and CFO | CFO | 107K | – | – | – | |
| Badran Souheil SEVP, Chief Operations Officer Last trade Jul 21, 2025 | Officer | 101K | – | – | Jul 21, 2025 | |
| Philipson Stephen L Vice Chair Last trade Jul 20, 2026 | Officer | 75K | – | $2.3M | net selling over the year: 0 months buying, 1 month selling | Jul 20, 2026 |
| Stark Lisa R EVP and Controller Last trade Jul 21, 2025 | Officer | 53K | – | – | Jul 21, 2025 | |
| Dilip Venkatachari SEVP & Chief Info & Tech Off Last trade May 5, 2026 | Officer | 51K | – | $1.9M | net selling over the year: 0 months buying, 1 month selling | May 5, 2026 |
Open-market trade log
the 60 most recent of 1,458| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Aug 28, 2026 | Kedia Gunjan (CEO) 27K shares $62.37 +0.0% since trade filed Aug 31, 2026 | Discretionary sale | 27K | $62.37 | $1.7M | +0.0% | Aug 31, 2026 |
| Jul 23, 2026 | CHOSY JAMES L (Officer) 23K shares $63.28 −1.4% since trade filed Jul 24, 2026 | Discretionary sale | 23K | $63.28 | $1.5M | −1.4% | Jul 24, 2026 |
| Jul 20, 2026 | Philipson Stephen L (Officer) 37K shares $63.08 −1.1% since trade filed Jul 22, 2026 | Discretionary sale | 37K | $63.08 | $2.3M | −1.1% | Jul 22, 2026 |
| May 5, 2026 | Dilip Venkatachari (Officer) 35K shares $55.52 +12.3% since trade filed May 6, 2026 | Discretionary sale | 35K | $55.52 | $1.9M | +12.3% | May 6, 2026 |
| Apr 21, 2026 | Richard Jodi L (Officer) 40K shares $57.00 +9.4% since trade filed Apr 22, 2026 | Discretionary sale | 40K | $57.00 | $2.3M | +9.4% | Apr 22, 2026 |
| Feb 6, 2026 | Runkel Mark G. (Officer) 32K shares $60.65 +2.8% since trade filed Feb 9, 2026 | Discretionary sale | 32K | $60.65 | $2.0M | +2.8% | Feb 9, 2026 |
| Feb 3, 2026 | Barcelos Elcio R.T. (Officer) 17K shares $58.43 +6.7% since trade filed Feb 4, 2026 | Discretionary sale | 17K | $58.43 | $1.0M | +6.7% | Feb 4, 2026 |
| Oct 20, 2025 | CECERE ANDREW (Director) 140K shares $46.35 +34.6% since trade filed Oct 21, 2025 | Discretionary sale | 140K | $46.35 | $6.5M | +34.6% | Oct 21, 2025 |
| Oct 20, 2025 | CHOSY JAMES L (Officer) 27K shares $46.86 +33.1% since trade filed Oct 21, 2025 | Discretionary sale | 27K | $46.86 | $1.3M | +33.1% | Oct 21, 2025 |
| Jul 21, 2025 | Stark Lisa R (Officer) 20K shares $46.40 +34.4% since trade filed Jul 22, 2025 | Discretionary sale | 20K | $46.40 | $923K | +34.4% | Jul 22, 2025 |
| Jul 21, 2025 | Badran Souheil (Officer) 24K shares $46.34 +34.6% since trade filed Jul 22, 2025 | Discretionary sale | 24K | $46.34 | $1.1M | +34.6% | Jul 22, 2025 |
| Apr 21, 2025 | Gillani Aleem (Director) 5,000 shares $37.32 +67.1% since trade filed Apr 21, 2025 | Open-market buy | 5,000 | $37.32 | $187K | +67.1% | Apr 21, 2025 |
| Mar 7, 2025 | Roy Arijit (Officer) 2,237 shares $43.68 +42.8% since trade filed Mar 10, 2025 | Discretionary sale | 2,237 | $43.68 | $98K | +42.8% | Mar 10, 2025 |
| Feb 6, 2025 | Richard Jodi L (Officer) 30K shares $47.59 +31.1% since trade filed Feb 7, 2025 | Discretionary sale | 30K | $47.59 | $1.4M | +31.1% | Feb 7, 2025 |
| Feb 5, 2025 | CHOSY JAMES L (Officer) 21K shares $47.65 +30.9% since trade filed Feb 7, 2025 | Discretionary sale | 21K | $47.65 | $1.0M | +30.9% | Feb 7, 2025 |
| Feb 4, 2025 | CECERE ANDREW (CEO) 102K shares $47.25 +32.0% since trade filed Feb 5, 2025 | Discretionary sale | 102K | $47.25 | $4.8M | +32.0% | Feb 5, 2025 |
| Feb 3, 2025 | DOLAN TERRANCE R (Officer) 66K shares $46.96 +32.8% since trade filed Feb 5, 2025 | Discretionary sale | 66K | $46.96 | $3.1M | +32.8% | Feb 5, 2025 |
| Feb 3, 2025 | Stark Lisa R (Officer) 3,209 shares $47.10 +32.4% since trade filed Feb 5, 2025 | Discretionary sale | 3,209 | $47.10 | $151K | +32.4% | Feb 5, 2025 |
| Oct 18, 2024 | Richard Jodi L (Officer) 25K shares $49.03 +27.2% since trade filed Oct 21, 2024 | Discretionary sale | 25K | $49.03 | $1.2M | +27.2% | Oct 21, 2024 |
| Oct 17, 2024 | Kotwal Shailesh M (Officer) 35K shares $49.74 +25.4% since trade filed Oct 21, 2024 | Discretionary sale | 35K | $49.74 | $1.7M | +25.4% | Oct 21, 2024 |
| Jul 18, 2024 | Gillani Aleem (Director) 10K shares $44.99 +38.6% since trade filed Jul 18, 2024 | Open-market buy | 10K | $44.99 | $450K | +38.6% | Jul 18, 2024 |
| Feb 16, 2024 | CHOSY JAMES L (Officer) 22K shares $41.47 +50.4% since trade filed Feb 20, 2024 | Discretionary sale | 22K | $41.47 | $895K | +50.4% | Feb 20, 2024 |
| Feb 15, 2024 | CECERE ANDREW (CEO) 93K shares $41.35 +50.8% since trade filed Feb 16, 2024 | Discretionary sale | 93K | $41.35 | $3.9M | +50.8% | Feb 16, 2024 |
| Jan 30, 2024 | DOLAN TERRANCE R (Officer) 27K shares $43.37 +43.8% since trade filed Feb 1, 2024 | Discretionary sale | 27K | $43.37 | $1.2M | +43.8% | Feb 1, 2024 |
| Jan 18, 2024 | Welsh Timothy A (Officer) 12K shares $40.33 +54.7% since trade filed Jan 19, 2024 | Discretionary sale | 12K | $40.33 | $488K | +54.7% | Jan 19, 2024 |
| Dec 14, 2023 | DOLAN TERRANCE R (Officer) 23K shares $45.04 +38.5% since trade filed Dec 15, 2023 | Discretionary sale | 23K | $45.04 | $1.0M | +38.5% | Dec 15, 2023 |
| Dec 11, 2023 | Kotwal Shailesh M (Officer) 2,046 shares $40.34 +54.6% since trade filed Dec 11, 2023 | Discretionary sale | 2,046 | $40.34 | $83K | +54.6% | Dec 11, 2023 |
| Dec 8, 2023 | Kotwal Shailesh M (Officer) 5,000 shares $40.36 +54.5% since trade filed Dec 11, 2023 | Discretionary sale | 5,000 | $40.36 | $202K | +54.5% | Dec 11, 2023 |
| Dec 7, 2023 | Kotwal Shailesh M (Officer) 2,954 shares $39.57 +57.6% since trade filed Dec 11, 2023 | Discretionary sale | 2,954 | $39.57 | $117K | +57.6% | Dec 11, 2023 |
| Aug 10, 2023 | Welsh Timothy A (Officer) 14K shares $39.79 +56.8% since trade filed Aug 11, 2023 | Discretionary sale | 14K | $39.79 | $550K | +56.8% | Aug 11, 2023 |
| Aug 8, 2023 | DOLAN TERRANCE R (CFO) 26K shares $39.75 +56.9% since trade filed Aug 10, 2023 | Discretionary sale | 26K | $39.75 | $1.0M | +56.9% | Aug 10, 2023 |
| Jul 6, 2023 | Kelligrew James B (Officer) 31 shares $15.46 +303.4% since trade filed Oct 20, 2023 late | Open-market buy | 31 | $15.46 | $479 | +303.4% | Oct 20, 2023 late |
| Jul 6, 2023 | Kelligrew James B (Officer) 66 shares $16.26 +283.6% since trade filed Oct 20, 2023 late | Open-market buy | 66 | $16.26 | $1K | +283.6% | Oct 20, 2023 late |
| Jul 6, 2023 | Kelligrew James B (Officer) 80 shares $16.26 +283.6% since trade filed Oct 20, 2023 late | Open-market buy | 80 | $16.26 | $1K | +283.6% | Oct 20, 2023 late |
| Jun 1, 2023 | Kelligrew James B (Officer) 25 shares $19.56 +218.9% since trade filed Oct 20, 2023 late | Open-market buy | 25 | $19.56 | $489 | +218.9% | Oct 20, 2023 late |
| May 16, 2023 | Kelligrew James B (Officer) 34 shares $16.25 +283.8% since trade filed Oct 20, 2023 late | Open-market buy | 34 | $16.25 | $553 | +283.8% | Oct 20, 2023 late |
| May 8, 2023 | Kelligrew James B (Officer) 16K shares $30.60 +103.8% since trade filed May 9, 2023 | Open-market buy | 16K | $30.60 | $498K | +103.8% | May 9, 2023 |
| May 5, 2023 | McKenney Richard P (Director) 20K shares $30.37 +105.4% since trade filed May 5, 2023 | Open-market buy | 20K | $30.37 | $607K | +105.4% | May 5, 2023 |
| Apr 28, 2023 | Wine Scott W. (Director) 30K shares $32.85 +89.9% since trade filed May 1, 2023 | Open-market buy | 30K | $32.85 | $1.0M | +89.9% | May 1, 2023 |
| Apr 21, 2023 | Colberg Alan B. (Director) 10K shares $34.14 +82.7% since trade filed Apr 24, 2023 | Open-market buy | 10K | $34.14 | $341K | +82.7% | Apr 24, 2023 |
| Mar 17, 2023 | Kelligrew James B (Officer) 38 shares $20.95 +197.7% since trade filed Oct 20, 2023 late | Open-market buy | 38 | $20.95 | $796 | +197.7% | Oct 20, 2023 late |
| Jan 26, 2023 | Kelligrew James B (Officer) 3 shares $21.26 +193.4% since trade filed Oct 20, 2023 late | Discretionary sale | 3 | $21.26 | $64 | +193.4% | Oct 20, 2023 late |
| Jan 26, 2023 | Kelligrew James B (Officer) 10 shares $18.22 +242.3% since trade filed Oct 20, 2023 late | Discretionary sale | 10 | $18.22 | $182 | +242.3% | Oct 20, 2023 late |
| Jan 26, 2023 | Kelligrew James B (Officer) 10 shares $18.95 +229.1% since trade filed Oct 20, 2023 late | Discretionary sale | 10 | $18.95 | $190 | +229.1% | Oct 20, 2023 late |
| Jan 19, 2023 | Kelligrew James B (Officer) 2 shares $18.59 +235.5% since trade filed Oct 20, 2023 late | Open-market buy | 2 | $18.59 | $37 | +235.5% | Oct 20, 2023 late |
| Jan 19, 2023 | Kelligrew James B (Officer) 2 shares $17.75 +251.4% since trade filed Oct 20, 2023 late | Discretionary sale | 2 | $17.75 | $36 | +251.4% | Oct 20, 2023 late |
| Jan 17, 2023 | Kelligrew James B (Officer) 863 shares $47.67 +30.8% since trade filed Oct 20, 2023 late | Open-market buy | 863 | $47.67 | $41K | +30.8% | Oct 20, 2023 late |
| Jan 13, 2023 | Kelligrew James B (Officer) 4 shares $46.83 +33.2% since trade filed Oct 20, 2023 late | Open-market buy | 4 | $46.83 | $187 | +33.2% | Oct 20, 2023 late |
| Jan 13, 2023 | Kelligrew James B (Officer) 403 shares $46.83 +33.2% since trade filed Oct 20, 2023 late | Open-market buy | 403 | $46.83 | $19K | +33.2% | Oct 20, 2023 late |
| Dec 21, 2022 | Kelligrew James B (Officer) 24 shares $19.55 +219.0% since trade filed Oct 20, 2023 late | Open-market buy | 24 | $19.55 | $469 | +219.0% | Oct 20, 2023 late |
| Dec 21, 2022 | Kelligrew James B (Officer) 56 shares $17.44 +257.6% since trade filed Oct 20, 2023 late | Open-market buy | 56 | $17.44 | $977 | +257.6% | Oct 20, 2023 late |
| Dec 21, 2022 | Kelligrew James B (Officer) 68 shares $17.44 +257.6% since trade filed Oct 20, 2023 late | Open-market buy | 68 | $17.44 | $1K | +257.6% | Oct 20, 2023 late |
| Dec 15, 2022 | Kelligrew James B (Officer) 868 shares $42.73 +46.0% since trade filed Oct 20, 2023 late | Discretionary sale | 868 | $42.73 | $37K | +46.0% | Oct 20, 2023 late |
| Dec 12, 2022 | CECERE ANDREW (CEO) 85K shares $43.51 +43.4% since trade filed Dec 14, 2022 | Discretionary sale | 85K | $43.51 | $3.7M | +43.4% | Dec 14, 2022 |
| Nov 18, 2022 | DOLAN TERRANCE R (CFO) 15K shares $43.34 +43.9% since trade filed Nov 21, 2022 | Discretionary sale | 15K | $43.34 | $650K | +43.9% | Nov 21, 2022 |
| Nov 9, 2022 | Kelligrew James B (Officer) 25 shares $16.69 +273.7% since trade filed Oct 20, 2023 late | Open-market buy | 25 | $16.69 | $417 | +273.7% | Oct 20, 2023 late |
| Nov 9, 2022 | Kelligrew James B (Officer) 99 shares $16.70 +273.5% since trade filed Oct 20, 2023 late | Open-market buy | 99 | $16.70 | $2K | +273.5% | Oct 20, 2023 late |
| Nov 9, 2022 | Kelligrew James B (Officer) 120 shares $16.70 +273.5% since trade filed Oct 20, 2023 late | Open-market buy | 120 | $16.70 | $2K | +273.5% | Oct 20, 2023 late |
| Nov 8, 2022 | von Gillern Jeffry H. (Officer) 27K shares $43.99 +41.8% since trade filed Nov 9, 2022 | Discretionary sale | 27K | $43.99 | $1.2M | +41.8% | Nov 9, 2022 |
| Nov 8, 2022 | Welsh Timothy A (Officer) 19K shares $43.92 +42.0% since trade filed Nov 10, 2022 | Discretionary sale | 19K | $43.92 | $834K | +42.0% | Nov 10, 2022 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
204 Forms 4, 3 years
4 filed late
1 amendments
51.1 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.