United States

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

USB.N on New York Stock Exchange

17 Feb 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 3,604,900
Restricted Stock Awards, USD 5,812,500
Long-Term Incentive Plans, USD --
All Other, USD 2,167,610
Fiscal Year Total, USD 11,585,000

Options Compensation

  Quantity Market Value
Exercisable 2,013,338 12,690,000.00
Unexercisable 910,879 1,782,650.00
Exercised 548,297 8,271,440.00