What the executives and directors of U.S. Bancorp actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact 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 gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
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.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| CECERE ANDREW | Director | 1.4M | — | $6.5M |
| Kedia Gunjan President & CEO | CEO | 426.3K | — | — |
| CHOSY JAMES L Senior EVP and General Counsel | Officer | 275.7K | — | $2.7M |
| DOLAN TERRANCE R Vice Chairman | Officer | 247.3K | — | — |
| Richard Jodi L Vice Chair | Officer | 207.3K | — | $2.3M |
| Welsh Timothy A Vice Chair | Officer | 170K | — | — |
| Kotwal Shailesh M Vice Chair | Officer | 136.1K | — | — |
| Runkel Mark G. Vice Chair | Officer | 120.8K | — | $2M |
| Barcelos Elcio R.T. Senior EVP, Chief HR Officer | Officer | 119.9K | — | $1M |
| Stern John C Vice Chair and CFO | CFO | 107.5K | — | — |
| Badran Souheil SEVP, Chief Operations Officer | Officer | 100.8K | — | — |
| Philipson Stephen L Vice Chair | Officer | 75K | — | $2.3M |
| Stark Lisa R EVP and Controller | Officer | 53.2K | — | — |
| Dilip Venkatachari SEVP & Chief Info & Tech Off | Officer | 51.3K | — | $1.9M |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-23 | CHOSY JAMES L (Officer) | Discretionary sale | 23K | $63.28 | $1.5M |
| 2026-07-20 | Philipson Stephen L (Officer) | Discretionary sale | 36.9K | $63.08 | $2.3M |
| 2026-05-05 | Dilip Venkatachari (Officer) | Discretionary sale | 34.5K | $55.52 | $1.9M |
| 2026-04-21 | Richard Jodi L (Officer) | Discretionary sale | 40K | $57.00 | $2.3M |
| 2026-02-06 | Runkel Mark G. (Officer) | Discretionary sale | 32.2K | $60.65 | $2M |
| 2026-02-03 | Barcelos Elcio R.T. (Officer) | Discretionary sale | 17.2K | $58.43 | $1M |
| 2025-10-20 | CECERE ANDREW (Director) | Discretionary sale | 140.4K | $46.35 | $6.5M |
| 2025-10-20 | CHOSY JAMES L (Officer) | Discretionary sale | 26.9K | $46.86 | $1.3M |
| 2025-07-21 | Stark Lisa R (Officer) | Discretionary sale | 19.9K | $46.40 | $923K |
| 2025-07-21 | Badran Souheil (Officer) | Discretionary sale | 23.7K | $46.34 | $1.1M |
| 2025-04-21 | Gillani Aleem (Director) | Open-market buy | 5,000 | $37.32 | $187K |
| 2025-03-07 | Roy Arijit (Officer) | Discretionary sale | 2,237 | $43.68 | $98K |
| 2025-02-06 | Richard Jodi L (Officer) | Discretionary sale | 30K | $47.59 | $1.4M |
| 2025-02-05 | CHOSY JAMES L (Officer) | Discretionary sale | 21.5K | $47.65 | $1M |
| 2025-02-04 | CECERE ANDREW (CEO) | Discretionary sale | 102K | $47.25 | $4.8M |
| 2025-02-03 | DOLAN TERRANCE R (Officer) | Discretionary sale | 66.3K | $46.96 | $3.1M |
| 2025-02-03 | Stark Lisa R (Officer) | Discretionary sale | 3,209 | $47.10 | $151K |
| 2024-10-18 | Richard Jodi L (Officer) | Discretionary sale | 25K | $49.03 | $1.2M |
| 2024-10-17 | Kotwal Shailesh M (Officer) | Discretionary sale | 35K | $49.74 | $1.7M |
| 2024-07-18 | Gillani Aleem (Director) | Open-market buy | 10K | $44.99 | $450K |
| 2024-02-16 | CHOSY JAMES L (Officer) | Discretionary sale | 21.6K | $41.47 | $895K |
| 2024-02-15 | CECERE ANDREW (CEO) | Discretionary sale | 93.4K | $41.35 | $3.9M |
| 2024-01-30 | DOLAN TERRANCE R (Officer) | Discretionary sale | 26.6K | $43.37 | $1.2M |
| 2024-01-18 | Welsh Timothy A (Officer) | Discretionary sale | 12.1K | $40.33 | $488K |
| 2023-12-14 | DOLAN TERRANCE R (Officer) | Discretionary sale | 22.8K | $45.04 | $1M |
| 2023-12-11 | Kotwal Shailesh M (Officer) | Discretionary sale | 2,046 | $40.34 | $83K |
| 2023-12-08 | Kotwal Shailesh M (Officer) | Discretionary sale | 5,000 | $40.36 | $202K |
| 2023-12-07 | Kotwal Shailesh M (Officer) | Discretionary sale | 2,954 | $39.57 | $117K |
| 2023-08-10 | Welsh Timothy A (Officer) | Discretionary sale | 13.8K | $39.79 | $550K |
| 2023-08-08 | DOLAN TERRANCE R (CFO) | Discretionary sale | 26K | $39.75 | $1M |
| 2023-07-06 | Kelligrew James B (Officer) | Open-market buy | 31 | $15.46 | $479 |
| 2023-07-06 | Kelligrew James B (Officer) | Open-market buy | 66 | $16.26 | $1K |
| 2023-07-06 | Kelligrew James B (Officer) | Open-market buy | 80 | $16.26 | $1K |
| 2023-06-01 | Kelligrew James B (Officer) | Open-market buy | 25 | $19.56 | $489 |
| 2023-05-16 | Kelligrew James B (Officer) | Open-market buy | 34 | $16.25 | $553 |
| 2023-05-08 | Kelligrew James B (Officer) | Open-market buy | 16.3K | $30.60 | $498K |
| 2023-05-05 | McKenney Richard P (Director) | Open-market buy | 20K | $30.37 | $607K |
| 2023-04-28 | Wine Scott W. (Director) | Open-market buy | 30.4K | $32.85 | $1000K |
| 2023-04-21 | Colberg Alan B. (Director) | Open-market buy | 10K | $34.14 | $341K |
| 2023-03-17 | Kelligrew James B (Officer) | Open-market buy | 38 | $20.95 | $796 |
| 2023-01-26 | Kelligrew James B (Officer) | Discretionary sale | 3 | $21.26 | $64 |
| 2023-01-26 | Kelligrew James B (Officer) | Discretionary sale | 10 | $18.22 | $182 |
| 2023-01-26 | Kelligrew James B (Officer) | Discretionary sale | 10 | $18.95 | $190 |
| 2023-01-19 | Kelligrew James B (Officer) | Open-market buy | 2 | $18.59 | $37 |
| 2023-01-19 | Kelligrew James B (Officer) | Discretionary sale | 2 | $17.75 | $36 |
| 2023-01-17 | Kelligrew James B (Officer) | Open-market buy | 863 | $47.67 | $41K |
| 2023-01-13 | Kelligrew James B (Officer) | Open-market buy | 4 | $46.83 | $187 |
| 2023-01-13 | Kelligrew James B (Officer) | Open-market buy | 403 | $46.83 | $19K |
| 2022-12-21 | Kelligrew James B (Officer) | Open-market buy | 24 | $19.55 | $469 |
| 2022-12-21 | Kelligrew James B (Officer) | Open-market buy | 56 | $17.44 | $977 |
| 2022-12-21 | Kelligrew James B (Officer) | Open-market buy | 68 | $17.44 | $1K |
| 2022-12-15 | Kelligrew James B (Officer) | Discretionary sale | 868 | $42.73 | $37K |
| 2022-12-12 | CECERE ANDREW (CEO) | Discretionary sale | 84.9K | $43.51 | $3.7M |
| 2022-11-18 | DOLAN TERRANCE R (CFO) | Discretionary sale | 15K | $43.34 | $650K |
| 2022-11-09 | Kelligrew James B (Officer) | Open-market buy | 25 | $16.69 | $417 |
| 2022-11-09 | Kelligrew James B (Officer) | Open-market buy | 99 | $16.70 | $2K |
| 2022-11-09 | Kelligrew James B (Officer) | Open-market buy | 120 | $16.70 | $2K |
| 2022-11-08 | von Gillern Jeffry H. (Officer) | Discretionary sale | 27.2K | $43.99 | $1.2M |
| 2022-11-08 | Welsh Timothy A (Officer) | Discretionary sale | 19K | $43.92 | $834K |
| 2022-11-07 | DOLAN TERRANCE R (CFO) | Discretionary sale | 12K | $43.14 | $518K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
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.