Major Bank CEO Liquidates Over $1.7 Million Worth of Stock
Key PointsThe transaction involved 27,267 shares with a market value of ~$1.7 million as of the August 28, 2026 valuation date.
Gunjan Kedia, President and CEO of U.S. Bancorp, divested 27,267 shares of the company's stock on August 28, 2026, through a cashless exercise of vested stock options. The transaction resulted in the sale of shares at an average price of $62.37 per share, yielding a post-transaction value of $62.47 per share. Kedia's ownership stake in U.S. Bancorp stands at 0.0274%, or 426,262 shares.
The stock market performance of U.S. Bancorp has been less impressive than the S&P 500 over the past few years, with the company delivering a 33% total return versus the S&P 500's 82% return. Despite this, U.S. Bancorp's fundamentals remain strong, with growing revenue, increasing operating margins, and a recent decision to raise its dividend.
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