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U.S. Bancorp 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and U.S. Bancorp’s Form 8-K, filed April 23, 2026 (Item 5.07 on EDGAR). Page generated October 14, 2026.

14Ballot items
1,321Asset managers
15,924Fund votes
April 21, 2026Meeting date

Results at a glance

Meeting of April 21, 2026: 14 items on U.S. Bancorp’s Form 8-K, filed April 23, 2026: 12 elected · 1 approved · 1 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore U.S. Bancorp in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by U.S. Bancorp

These tallies are U.S. Bancorp’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed April 23, 2026 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

U.S. Bancorp — official shareholder meeting results, meeting held April 21, 2026
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Warner L. Baxter	1,199,626,133	21,517,655	2,197,933	--	152,923,925	98%	Elected	—
Elect Director: Dorothy Bridges	1,213,364,221	8,033,467	1,944,033	--	152,923,925	99.3%	Elected	—
Elect Director: Elizabeth L. Buse	1,210,462,793	10,836,830	2,042,098	--	152,923,925	99.1%	Elected	—
Elect Director: Alan B. Colberg	1,207,785,236	13,351,027	2,205,458	--	152,923,925	99%	Elected	—
Elect Director: Kimberly N. Ellison-Taylor	1,212,538,712	8,835,365	1,967,644	--	152,923,925	99.2%	Elected	—
Elect Director: Aleem Gillani	1,213,417,785	7,747,451	2,176,485	--	152,923,925	99.3%	Elected	—
Elect Director: Roland A. Hernandez	1,097,316,400	123,851,769	2,173,552	--	152,923,925	90%	Elected	—
Elect Director: Gunjan Kedia	1,159,332,384	61,762,954	2,246,383	--	152,923,925	95%	Elected	—
Elect Director: Richard P. McKenney	1,126,963,724	93,089,497	3,288,500	--	152,923,925	92%	Elected	—
Elect Director: Yusuf I. Mehdi	1,213,222,529	7,754,830	2,364,362	--	152,923,925	99.3%	Elected	—
Elect Director: Loretta E. Reynolds	1,214,190,913	7,166,929	1,983,879	--	152,923,925	99.4%	Elected	—
Elect Director: John P. Wiehoff	1,207,347,534	13,840,154	2,154,033	--	152,923,925	99%	Elected	—
2. Advisory vote to approve the compensation of the Company's executive officers disclosed in the Proxy Statement	1,138,199,345	79,171,164	5,971,212	--	152,923,925	93%	Not verified	—
3. Ratification of the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the 2026 fiscal year	1,314,933,791	58,312,267	3,019,588	--	--	96%	Approved	—

Source: U.S. Bancorp, Form 8-K, filed with the SEC on April 23, 2026 — read the filing on EDGAR.

How asset managers voted at the U.S. Bancorp 2025-2026 meeting

Each item below shows how the 1,321 asset managers that disclosed a U.S. Bancorp vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Alan B. Colberg

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 11 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 1,207,785,236AGAINST: 13,351,027

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Alan B. Colberg

U.S. Bancorp’s own tally for this item (“Elect Director: Alan B. Colberg”): 1,207,785,236 for, 13,351,027 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 445,631,621 for, 572,059 against, 30,887 abstained, 1,183 not voted.

FOR

FOR: 445,631,621AGAINST: 572,059ABSTAIN: 30,887NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Alan B. Colberg” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,789	45	8	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

2. Elect Director: Aleem Gillani

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 1,213,417,785AGAINST: 7,747,451

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Aleem Gillani

U.S. Bancorp’s own tally for this item (“Elect Director: Aleem Gillani”): 1,213,417,785 for, 7,747,451 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 446,191,777 for, 11,902 against, 30,887 abstained, 1,183 not voted.

FOR

FOR: 446,191,777AGAINST: 11,902ABSTAIN: 30,887NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Aleem Gillani” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,802	31	8	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

3. Elect Director: Dorothy Bridges

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 11 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 1,213,364,221AGAINST: 8,033,467

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Dorothy Bridges

U.S. Bancorp’s own tally for this item (“Elect Director: Dorothy Bridges”): 1,213,364,221 for, 8,033,467 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 446,203,648 for, 32 against, 30,886 abstained, 1,183 not voted.

FOR

FOR: 446,203,648AGAINST: 32ABSTAIN: 30,886NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Dorothy Bridges” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,802	32	7	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

4. Elect Director: Elizabeth L. Buse

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 1,210,462,793AGAINST: 10,836,830

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Elizabeth L. Buse

U.S. Bancorp’s own tally for this item (“Elect Director: Elizabeth L. Buse”): 1,210,462,793 for, 10,836,830 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 99.1% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 446,186,035 for, 17,646 against, 30,886 abstained, 1,183 not voted.

FOR

FOR: 446,186,035AGAINST: 17,646ABSTAIN: 30,886NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Elizabeth L. Buse” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,804	31	7	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

5. Elect Director: John P. Wiehoff

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 1,207,347,534AGAINST: 13,840,154

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: John P. Wiehoff

U.S. Bancorp’s own tally for this item (“Elect Director: John P. Wiehoff”): 1,207,347,534 for, 13,840,154 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 217 asset managers below reported 445,631,620 for, 572,061 against, 30,887 abstained, 1,183 not voted.

FOR

FOR: 445,631,620AGAINST: 572,061ABSTAIN: 30,887NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: John P. Wiehoff” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,788	47	8	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

6. Elect Director: Kimberly N. Ellison-Taylor

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 11 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 1,212,538,712AGAINST: 8,835,365

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Kimberly N. Ellison-Taylor

U.S. Bancorp’s own tally for this item (“Elect Director: Kimberly N. Ellison-Taylor”): 1,212,538,712 for, 8,835,365 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 446,203,647 for, 34 against, 30,886 abstained, 1,183 not voted.

FOR

FOR: 446,203,647AGAINST: 34ABSTAIN: 30,886NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Kimberly N. Ellison-Taylor” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,801	34	7	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

7. Elect Director: Loretta E. Reynolds

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 1,214,190,913AGAINST: 7,166,929

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Loretta E. Reynolds

U.S. Bancorp’s own tally for this item (“Elect Director: Loretta E. Reynolds”): 1,214,190,913 for, 7,166,929 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 446,203,652 for, 28 against, 30,886 abstained, 1,183 not voted.

FOR

FOR: 446,203,652AGAINST: 28ABSTAIN: 30,886NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Loretta E. Reynolds” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,806	28	7	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

8. Elect Director: Richard P. McKenney

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 11 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%

FOR: 1,126,963,724AGAINST: 93,089,497

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Richard P. McKenney

U.S. Bancorp’s own tally for this item (“Elect Director: Richard P. McKenney”): 1,126,963,724 for, 93,089,497 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 440,151,905 for, 6,051,770 against, 30,893 abstained, 1,183 not voted.

FOR

FOR: 440,151,905AGAINST: 6,051,770ABSTAIN: 30,893NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Richard P. McKenney” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	142,908,298	944,532	14	For
Fidelity	71,993,283	315,000	0	For
BlackRock	45,337,446	17,183	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,091,523	2,669	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	0	3,180,191	0	Against
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

9. Elect Director: Roland A. Hernandez

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%

FOR: 1,097,316,400AGAINST: 123,851,769

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Roland A. Hernandez

U.S. Bancorp’s own tally for this item (“Elect Director: Roland A. Hernandez”): 1,097,316,400 for, 123,851,769 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 90% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 415,893,816 for, 30,309,583 against, 30,887 abstained, 1,183 not voted.

FOR

FOR: 415,893,816AGAINST: 30,309,583ABSTAIN: 30,887NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Roland A. Hernandez” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,343	491	8	For
Fidelity	70,946,786	1,361,497	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	0	24,799,703	0	Against
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,078,550	825,296	0	Mixed
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	1,516,843	594,929	0	Mixed

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

10. Elect Director: Warner L. Baxter

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 1,199,626,133AGAINST: 21,517,655

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Warner L. Baxter

U.S. Bancorp’s own tally for this item (“Elect Director: Warner L. Baxter”): 1,199,626,133 for, 21,517,655 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 217 asset managers below reported 445,883,123 for, 318,142 against, 30,887 abstained, 1,183 not voted.

FOR

FOR: 445,883,123AGAINST: 318,142ABSTAIN: 30,887NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Warner L. Baxter” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,763	70	8	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,610,402	189,301	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 217 asset managers. See all 217 in the interactive database.

11. Elect Director: Gunjan Kedia

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 1,159,332,384AGAINST: 61,762,954

Details: description as filed, official tally, votes by 216 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Gunjan Kedia

U.S. Bancorp’s own tally for this item (“Elect Director: Gunjan Kedia”): 1,159,332,384 for, 61,762,954 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 216 asset managers below reported 445,684,454 for, 514,740 against, 30,887 abstained, 1,183 not voted.

FOR

FOR: 445,684,454AGAINST: 514,740ABSTAIN: 30,887NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Gunjan Kedia” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,599	236	8	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 216 asset managers. See all 216 in the interactive database.

12. Elect Director: Yusuf I. Mehdi

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 1,213,222,529AGAINST: 7,754,830

Details: description as filed, official tally, votes by 216 asset managers

Description as filed by funds: The election of each of the 12 directors named in the proxy statement: Yusuf I. Mehdi

U.S. Bancorp’s own tally for this item (“Elect Director: Yusuf I. Mehdi”): 1,213,222,529 for, 7,754,830 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The Company's shareholders elected each of the twelve nominees for director, and the voting results are set forth below:”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 216 asset managers below reported 446,199,161 for, 31 against, 30,887 abstained, 1,183 not voted.

FOR

FOR: 446,199,161AGAINST: 31ABSTAIN: 30,887NOT VOTED: 1,183

Largest asset managers voting on “The election of each of the 12 directors named in the proxy statement: Yusuf I. Mehdi” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,802	31	8	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 216 asset managers. See all 216 in the interactive database.

13. 2. Advisory vote to approve the compensation of the Company's executive officers disclosed in the Proxy Statement

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 27 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 1,138,199,345AGAINST: 79,171,164

Details: description as filed, official tally, votes by 1,319 asset managers

Description as filed by funds: An advisory vote to approve the compensation of our executives disclosed in the proxy statement.

U.S. Bancorp’s own tally for this item (“2. Advisory vote to approve the compensation of the Company's executive officers disclosed in the Proxy Statement”): 1,138,199,345 for, 79,171,164 against, per its Form 8-K filed April 23, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of U.S. Bancorp’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Compensation” (2 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 208 asset managers voting on “An advisory vote to approve the compensation of our executives disclosed in the proxy statement.” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,852,502	317	24	For
Fidelity	72,308,283	0	0	For
BlackRock	45,354,629	0	0	For
JPMorgan	24,799,703	0	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,896,967	6,879	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Fund voting reports, all 208 managers: 444,038,951 for, 2,008,110 against, 30,903 abstained, 1,183 not voted, 167 mixed. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 1,149 asset managers voting on “An advisory vote to approve the compensation of our executives disclosed in the proxy statement.” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Vote
BlackRock	63,889,862	10,328	For
MUFG Bank, Ltd.	44,374,155	0	For
Fidelity	40,263,307	0	For
GEODE CAPITAL MANAGEMENT, LLC	37,921,939	0	For
T. Rowe Price	28,621,804	196,155	For
DAVIS SELECTED ADVISERS	21,503,816	0	For
Invesco	19,188,363	0	For
Aristotle Capital Management, LLC	18,265,872	0	For
Grantham, Mayo, Van Otterloo & Co. LLC	16,804,647	0	For
Vanguard	16,131,961	0	For
Capital Research Global Investors	14,866,146	0	For
Northern Trust	13,362,372	0	For
Amundi	0	11,294,726	Against
Federated Hermes	10,918,540	0	For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	10,709,262	0	For
Charles Schwab	10,319,577	0	For
First Eagle Investment Management, LLC	8,210,993	0	For
RBC Capital Markets, LLC	7,819,417	0	For
American Century	7,659,156	0	For
Goldman Sachs	321,261	7,138,388	Against
UBS	7,345,303	0	For
FRANKLIN ADVISERS INC	7,301,471	0	For
MELLON INVESTMENTS Corp	7,286,528	0	For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	6,515,523	0	For
BROWN BROTHERS HARRIMAN & CO	5,738,338	0	For

Institutional-manager reports, all 1,149 managers: 633,113,195 for, 47,136,426 against, 1,324,394 abstained, 174,536 not voted, 583,586 unknown. Showing the 25 largest; see all in the interactive database.

14. 3. Ratification of the selection of Ernst & Young LLP as the Company's independent registered public accounting firm…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 9 wordings of this item as funds reported it.

96% Approved · of votes cast

FOR 96%

FOR: 1,314,933,791AGAINST: 58,312,267

Details: description as filed, official tally, votes by 216 asset managers

Description as filed by funds: The ratification of the selection of Ernst & Young LLP as our independent registered public accounting firm for the 2026 fiscal year.

U.S. Bancorp’s own tally for this item (“3. Ratification of the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the 2026 fiscal year”): 1,314,933,791 for, 58,312,267 against — passed, per its Form 8-K filed April 23, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The Company's shareholders ratified the selection of Ernst & Young LLP, and the voting results are set forth below:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of U.S. Bancorp’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Ratify Appointment of Independent Auditors” (4 managers, 45,345 for, 363,340 against).

The 216 asset managers below reported 445,508,768 for, 553,635 against, 30,887 abstained, 1,183 not voted.

FOR

FOR: 445,508,768AGAINST: 553,635ABSTAIN: 30,887NOT VOTED: 1,183

Largest asset managers voting on “The ratification of the selection of Ernst & Young LLP as our independent registered public accounting firm fo” at U.S. Bancorp, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	143,751,743	101,091	8	For
Fidelity	72,308,283	0	0	For
BlackRock	45,345,667	8,962	0	For
JPMorgan	24,610,402	189,301	0	For
Invesco	15,366,898	0	0	For
Capital Group	11,797,689	0	0	For
Charles Schwab	10,094,193	0	0	For
T. Rowe Price	8,834,462	0	0	For
Federated Hermes	7,145,848	0	0	For
FIRST EAGLE FUNDS	6,621,858	0	0	For
DAVIS NEW YORK VENTURE FUND INC	6,561,755	0	0	For
Franklin Custodian Funds	6,500,000	0	0	For
GMO	5,867,631	0	0	For
First Trust	5,696,663	0	0	For
Dimensional	5,677,865	0	0	For
American Century	5,584,195	0	0	For
Columbia Threadneedle	3,932,139	0	0	For
VanEck ETF Trust	3,180,191	0	0	For
TIAA	3,018,732	0	0	For
Equitable	2,903,846	0	0	For
INVESTMENT CO OF AMERICA	2,594,466	0	0	For
Bridge Builder Trust	2,430,772	0	0	For
MASTER INVESTMENT PORTFOLIO	2,365,655	0	0	For
Victory Capital	2,220,702	0	0	For
Prudential/PGIM	2,111,772	0	0	For

Showing the 25 largest of 216 asset managers. See all 216 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of April 15, 2025, which belongs to the 2024-2025 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest U.S. Bancorp shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 1,600,000,000 shares outstanding at the time of that meeting.

Fund voting reports: top U.S. Bancorp shareholders by shares voted on “An advisory vote to approve the compensation of our executives disclosed in the proxy statement.”, 2025-2026
#	Asset manager	% of shares outstanding
1	Vanguard	8.99%
2	Fidelity	4.52%
3	BlackRock	2.83%
4	JPMorgan	1.55%
5	Invesco	0.96%
6	Capital Group	0.74%
7	Charles Schwab	0.63%
8	T. Rowe Price	0.55%
9	Federated Hermes	0.45%
10	FIRST EAGLE FUNDS	0.41%

Institutional-manager reports: top U.S. Bancorp shareholders by shares voted on “An advisory vote to approve the compensation of our executives disclosed in the proxy statement.”, 2025-2026
#	Asset manager	% of shares outstanding
1	BlackRock	3.99%
2	MUFG Bank, Ltd.	2.77%
3	Fidelity	2.52%
4	GEODE CAPITAL MANAGEMENT, LLC	2.37%
5	T. Rowe Price	1.80%
6	DAVIS SELECTED ADVISERS	1.34%
7	Invesco	1.20%
8	Aristotle Capital Management, LLC	1.14%
9	Grantham, Mayo, Van Otterloo & Co. LLC	1.05%
10	Vanguard	1.01%

Reported U.S. Bancorp holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

U.S. Bancorp holdings and ownership disclosed for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	9.15%	13F
BlackRock	8.02%	13F
State Street	4.34%	13F
JPMorgan Chase	3.86%	13F
FMR (Fidelity)	3.57%	13F
Morgan Stanley	1.69%	13F
T. Rowe Price	1.55%	13F
Invesco	1.08%	13F
Northern Trust	1.06%	13F
Andrew Cecere	0.07%	DEF14A

Percentages above are of 1,600,000,000 shares outstanding, as reported by U.S. Bancorp on its Form 10-K dated December 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from U.S. Bancorp’s 10-K dated December 31, 2025. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At U.S. Bancorp's shareholder meeting held April 21, 2026, in the 2025-2026 proxy season, 1,321 asset managers reported how they voted on 14 ballot items in their SEC Form N-PX filings, covering 15,924 separate fund positions. On the most widely held item on that ballot — An advisory vote to approve the compensation of our executives disclosed in the proxy statement. — FOR was 93% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: U.S. Bancorp's Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on April 23, 2026.

U.S. Bancorp proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Download data (CSV): ballot items · votes by manager · column guide.