Major Bank CEO Liquidates Over $1.7 Million Worth of Stock
Kedia exercised vested stock options at $55.01 per share and immediately sold them at $62.37, retaining a direct stake of 426,262 shares worth approximately $26.6 million.
Overview
Gunjan Kedia, President & CEO of U.S. Bancorp (NYSE:USB), sold 27,267 shares of common stock at $62.37 per share on Aug. 28, 2026, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($62.37); post-transaction value based on Aug. 28, 2026, market close ($62.47).
Details
U.S. Bancorp is a broad-based financial services holding company with a market capitalization of $97.3 billion and TTM revenues of $43.7 billion, positioning it as a significant player in the diversified banking sector. The company maintains a diversified business model across multiple customer segments and geographic markets, generating substantial net income of $8.2 billion on a TTM basis. With 68,520 employees and headquarters in Minneapolis, U.S. Bancorp leverages its scale and comprehensive service offerings to maintain a competitive position in the financial services industry.
Source
Originally published at www.fool.com.