CEO total pay
$16,674,515
Gunjan Kedia · 2025
Say on pay
90.9%
Latest disclosed shareholder vote
CEO pay ratio
Item 402(u)178 to 1
Median employee: $95,307
Compensation committee
CD&ACompensation Committee
Per the latest proxy
Filings indexed: 2 · 2026 · 2025
Executive pay
What did they pay them?
From the Summary Compensation Table. Pay mix and YoY are computed from these rows.
| Executive | Role | TotalYoY | Pay mix | Salary | Stock | Cash incentive | Other |
|---|---|---|---|---|---|---|---|
Andrew Cecere2025 compensation | Executive Chairman and former Chief Executive Officer | $19,054,648↓ 1% | 90% at-risk | $1,400,000 | $10,999,969 | $1,506,342 | $61,876 |
Gunjan Kedia2025 compensation | Chief Executive Officer and President | $16,674,515↑ 64% | 91% at-risk | $1,141,667 | $11,499,996 | $3,232,267 | $347,377 |
John C. Stern2025 compensation | Vice Chair and Chief Financial Officer | $5,766,025↑ 17% | 86% at-risk | $750,000 | $3,000,008 | $1,778,625 | $40,747 |
Jodi L. Richard2025 compensation | Vice Chair and Chief Risk Officer | $10,004,282 | 91% at-risk | $800,000 | $6,999,988 | $1,897,200 | $48,157 |
Stephen L. Philipson2025 compensation | Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking | $6,093,143 | 87% at-risk | $725,000 | $3,299,995 | $1,706,650 | $41,070 |
Terrance R. Dolan2025 compensation | Former Vice Chair and Chief Administration Officer | $5,965,140↓ 31% | 95% at-risk | $196,724 | $5,200,020 | — | $77,511 |
Elcio R.T. Barcelos2025 compensation | Senior Executive Vice President and Chief Human Resources Officer | $5,038,162 | 85% at-risk | $675,000 | $2,899,997 | $1,280,610 | $59,162 |
Pay mix: base cash incentive equity other
CD&A excerpt
Compensation discussion & analysis
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Read the full CD&A on SEC.gov ↗
Peer comparison
Who they benchmark against
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2026 Compensation Peer Group
9 members · 7 in ProxyMiner
Governance
Policy guardrails
hedging
prohibited
“Policy prohibiting hedging of shares: Our executives are prohibited from taking actions designed to hedge or offset any decrease in the market value of our common stock”
pledging
prohibited
“The policy also prohibits executive officers and directors from pledging shares of the company’s common stock as collateral for a loan or holding the company’s common stock in a margin account”
clawback
present
“Clawback policy: The company’s incentive compensation clawback policies discourage risk taking that could lead to improper financial reporting”
change in control
▶ blacklining:none;two times the participant’s target annual incentive award level as in effect immediately before the date of the Change in Control under the U.S
“ ▶ blacklining:none;two times the participant’s target annual incentive award level as in effect immediately before the date of the Change in Control under the U.S”
compensation consultant
independent
“retains an independent compensation consultant to”
compensation committee
Compensation Committee
“Compensation Committee report ”
Performance markers
Metric facts
revenue
65.9%
“acquisitions. There was no adjustment for notable items in 2025. U.S. Bancorp 2026 Proxy Statement 45 2025 Business Line Results: The Business Line Result was calculated as follows: blacklining:none;Pre-tax incom…”
say on pay
90.9%
“at our 2025 annual meeting and over 90% in each of the prior eight years — as a continuing endorsement from our shareholders that our executive compensation program is structured effectively.”
ceo pay ratio
178 to 1
“the annualized total CEO compensation under this method provides the closest accurate estimation to Ms. Kedia’s compensation as CEO, had she been in the position for a full year. The annualized total compensation for our…”
median employee compensation
$95,307
“953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, we are providing the following information about the relationship between the annual total compensation of our em…”
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