Edition:
United States

People: U.S. Bancorp (USB.N)

USB.N on New York Stock Exchange

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26 May 2017
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Davis, Richard 

Mr. Richard K. Davis has been appointed as Executive Chairman of the Board of the Company, with effect from April 18, 2017 (AGM). He is no longer Chief Executive Officer of U.S. Bancorp., with effect from April 18, 2017 (AGM). Davis has been CEO since December 2006 and Chairman since December 2007. As part of a long-planned and well-orchestrated succession process managed by U.S. Bancorp's Board, Cecere was named COO in January 2015 and President in January 2016. For the past 10 years, Davis and Cecere have partnered to lead the company to deliver on its core strengths of financial discipline and ethical business practices.

Basic Compensation

Total Annual Compensation, USD 4,446,050
Restricted Stock Awards, USD 6,393,750
Long-Term Incentive Plans, USD --
All Other, USD 4,506,190
Fiscal Year Total, USD 15,346,000

Options Compensation

  Quantity Market Value
Exercisable 2,013,338 12,690,000.00
Unexercisable 910,879 1,782,650.00
Exercised 1,669,118 19,085,800.00
Name Fiscal Year Total

Richard Davis

15,346,000

Andrew Cecere

8,651,420

Terrance Dolan

3,254,050

Paul Parker

3,988,440

John Elmore

--

Leslie Godridge

--
As Of  30 Dec 2016