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U.S. BANCORP 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and U.S. BANCORP’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

24Reported items
1,290Asset managers
16,403Fund votes
2025-04-15Meeting date

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

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

Official 2024-2025 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 (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 2025-04-15
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Warner L. Baxter	1,204,762,003	13,479,996	3,359,351	--	164,636,478	Majority: yes
Elect Director: Dorothy Bridges	1,204,791,733	13,686,985	3,122,632	--	164,636,478	Majority: yes
Elect Director: Elizabeth L. Buse	1,210,055,554	8,397,224	3,148,572	--	164,636,478	Majority: yes
Elect Director: Andrew Cecere	1,195,117,465	23,369,496	3,114,389	--	164,636,478	Majority: yes
Elect Director: Alan B. Colberg	1,211,337,260	6,989,235	3,274,855	--	164,636,478	Majority: yes
Elect Director: Kimberly N. Ellison-Taylor	1,208,583,343	9,859,436	3,158,571	--	164,636,478	Majority: yes
Elect Director: Aleem Gillani	1,211,971,760	5,784,189	3,845,401	--	164,636,478	Majority: yes
Elect Director: Roland A. Hernandez	1,161,150,808	57,226,496	3,224,046	--	164,636,478	Majority: yes
Elect Director: Gunjan Kedia	1,210,818,933	7,062,053	3,720,364	--	164,636,478	Majority: yes
Elect Director: Richard P. McKenney	1,185,618,562	32,648,550	3,334,238	--	164,636,478	Majority: yes
Elect Director: Yusuf I. Mehdi	1,209,085,762	8,710,715	3,804,873	--	164,636,478	Majority: yes
Elect Director: Loretta E. Reynolds	1,210,438,544	7,460,775	3,702,031	--	164,636,478	Majority: yes
Elect Director: John P. Wiehoff	1,209,246,520	8,505,004	3,849,826	--	164,636,478	Majority: yes
Proposal 2: Advisory vote to approve the compensation of the Company's executive officers as disclosed in the Proxy Statement	1,109,966,593	104,986,563	6,648,194	--	164,636,478	Majority: yes
Proposal 3: Ratification of the selection of Ernst & Young LLP as the Company's independent auditor for the 2025 fiscal year	1,337,907,001	44,667,812	3,663,015	--	--	Majority: yes
Proposal 4: shareholder proposal regarding a report on board oversight of risks relating to discrimination	21,258,954	1,183,917,819	16,424,577	--	164,636,478	Majority: no

Source: U.S. BANCORP, Form 8-K — read the filing on EDGAR.

How asset managers voted at the U.S. BANCORP 2024-2025 meeting

Each item below shows how the 1,290 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of U.S. BANCORP’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. An advisory vote to approve the compensation of our executives disclosed in the proxy statement.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 35 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%

FOR: 1,109,966,593AGAINST: 104,986,563

U.S. BANCORP’s own tally for this item (“Proposal 2: Advisory vote to approve the compensation of the Company's executive officers as disclosed in the Proxy Statement”): 1,109,966,593 for, 104,986,563 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 69% for, 7% against (76% of the company cast a for/against vote).

The 1,258 asset managers below cast 92% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 92%8%

FOR: 92.0%AGAINST: 7.8%ABSTAIN: 0.1%NOT VOTED: 0.0%UNKNOWN: 0.0%0: 0.0%

Largest asset managers voting on “An advisory vote to approve the compensation of our executives disclosed in the proxy statement.” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Vote
Vanguard	156,799,230	0	For
Fidelity	117,662,703	0	For
Charles Schwab	101,562,290	0	For
BlackRock	95,158,531	10,328	For
State Street	61,751,674	0	For
MUFG Bank, Ltd.	44,374,155	0	For
GEODE CAPITAL MANAGEMENT, LLC	34,482,637	0	For
JPMorgan	129,576	33,135,027	Against
Invesco	30,811,344	0	For
VIKING GLOBAL INVESTORS LP	28,075,874	0	For
Aristotle Capital Management, LLC	21,172,331	0	For
T. Rowe Price	20,151,668	202,226	For
American Century	20,332,221	0	For
DAVIS SELECTED ADVISERS	15,947,644	0	For
Federated Hermes	15,061,359	0	For
Northern Trust	14,772,402	0	For
Amundi	0	12,991,480	Against
Grantham, Mayo, Van Otterloo & Co. LLC	12,016,183	0	For
Legal & General Investment Management Ltd	12,364	10,386,462	Against
Victory Capital	9,103,745	0	For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	8,642,382	0	For
FRANKLIN ADVISERS INC	8,344,795	0	For
First Eagle Investment Management, LLC	8,036,633	0	For
RBC Capital Markets, LLC	7,948,243	0	For
VAN ECK ASSOCIATES CORP	7,937,752	0	For

Showing the 25 largest of 1,258 asset managers. See all 1,258 in the interactive database.

2. The ratification of the selection of Ernst & Young LLP as our independent auditor for the 2025 fiscal year.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 1,337,907,001AGAINST: 44,667,812

U.S. BANCORP’s own tally for this item (“Proposal 3: Ratification of the selection of Ernst & Young LLP as the Company's independent auditor for the 2025 fiscal year”): 1,337,907,001 for, 44,667,812 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 84% for, 3% against (86% of the company cast a for/against vote).

The 215 asset managers below cast 99.8% of the shares they voted on this item FOR (489,722,659 for, 698,792 against).

FOR 99.8%

FOR: 489,722,659 (99.8%)AGAINST: 698,792 (0.1%)ABSTAIN: 256,737 (0.1%)UNKNOWN: 1,340 (0.0%)

Largest asset managers voting on “The ratification of the selection of Ernst & Young LLP as our independent auditor for the 2025 fiscal year.” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Vote
Vanguard	146,619,814	0	For
Fidelity	71,578,450	0	For
Charles Schwab	50,698,572	0	For
BlackRock	46,577,776	0	For
State Street	18,451,334	358	For
Invesco	12,203,328	0	For
American Century	11,357,911	0	For
Victory Capital	8,383,155	0	For
VanEck ETF Trust	7,921,062	0	For
Franklin Custodian Funds	7,500,000	0	For
FIRST EAGLE FUNDS	6,621,858	0	For
Dimensional	6,374,825	0	For
Federated Hermes	5,903,050	0	For
T. Rowe Price	5,610,970	0	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	0	For
GMO	5,045,613	0	For
JPMorgan	4,318,788	129,576	For
Legg Mason	4,021,701	0	For
Bridge Builder Trust	3,916,143	0	For
Lincoln Financial	3,336,527	0	For
First Trust	3,194,095	0	For
TIAA	3,073,805	0	For
Prudential/PGIM	3,048,894	0	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	0	For
Equitable	2,452,896	0	For

Showing the 25 largest of 215 asset managers. See all 215 in the interactive database.

3. The election of each of the 14 directors named in the proxy statement: Warner L. Baxter

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 1,204,762,003AGAINST: 13,479,996

U.S. BANCORP’s own tally for this item (“Elect Director: Warner L. Baxter”): 1,204,762,003 for, 13,479,996 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 75% for, 0.9% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.9% of the shares they voted on this item FOR (490,201,512 for, 12,385 against).

FOR 99.9%

FOR: 490,201,512 (99.9%)AGAINST: 12,385 (0.0%)ABSTAIN: 288,247 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Warner L. Baxter” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

4. The election of each of the 14 directors named in the proxy statement: Dorothy Bridges

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 1,204,791,733AGAINST: 13,686,985

U.S. BANCORP’s own tally for this item (“Elect Director: Dorothy Bridges”): 1,204,791,733 for, 13,686,985 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 75% for, 0.9% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.9% of the shares they voted on this item FOR (490,207,798 for, 37,564 against).

FOR 99.9%

FOR: 490,207,798 (99.9%)AGAINST: 37,564 (0.0%)ABSTAIN: 256,780 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Dorothy Bridges” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

5. The election of each of the 14 directors named in the proxy statement: Elizabeth L. Buse

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 7 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 1,210,055,554AGAINST: 8,397,224

U.S. BANCORP’s own tally for this item (“Elect Director: Elizabeth L. Buse”): 1,210,055,554 for, 8,397,224 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 76% for, 0.6% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.9% of the shares they voted on this item FOR (490,195,878 for, 49,482 against).

FOR 99.9%

FOR: 490,195,878 (99.9%)AGAINST: 49,482 (0.0%)ABSTAIN: 256,781 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Elizabeth L. Buse” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

6. The election of each of the 14 directors named in the proxy statement: Andrew Cecere

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 1,195,117,465AGAINST: 23,369,496

U.S. BANCORP’s own tally for this item (“Elect Director: Andrew Cecere”): 1,195,117,465 for, 23,369,496 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 75% for, 1% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.8% of the shares they voted on this item FOR (489,911,308 for, 509,095 against).

FOR 99.8%

FOR: 489,911,308 (99.8%)AGAINST: 509,095 (0.1%)ABSTAIN: 256,779 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Andrew Cecere” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Vote
Vanguard	146,619,814	0	For
Fidelity	71,578,450	0	For
Charles Schwab	50,698,572	0	For
BlackRock	46,577,776	0	For
State Street	18,451,565	127	For
Invesco	12,203,328	0	For
American Century	11,357,911	0	For
Victory Capital	8,383,155	0	For
VanEck ETF Trust	7,921,062	0	For
Franklin Custodian Funds	7,500,000	0	For
FIRST EAGLE FUNDS	6,621,858	0	For
Dimensional	6,374,825	0	For
Federated Hermes	5,903,050	0	For
T. Rowe Price	5,610,970	0	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	0	For
GMO	5,045,613	0	For
JPMorgan	4,448,364	0	For
Legg Mason	4,021,701	0	For
Bridge Builder Trust	3,916,143	0	For
Lincoln Financial	3,336,527	0	For
First Trust	3,194,095	0	For
TIAA	3,073,805	0	For
Prudential/PGIM	3,048,894	0	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	0	For
Equitable	2,452,896	0	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

7. The election of each of the 14 directors named in the proxy statement: Alan B. Colberg

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 6 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 1,211,337,260AGAINST: 6,989,235

U.S. BANCORP’s own tally for this item (“Elect Director: Alan B. Colberg”): 1,211,337,260 for, 6,989,235 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 76% for, 0.5% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.9% of the shares they voted on this item FOR (490,233,976 for, 11,376 against).

FOR 99.9%

FOR: 490,233,976 (99.9%)AGAINST: 11,376 (0.0%)ABSTAIN: 256,789 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Alan B. Colberg” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

8. The election of each of the 14 directors named in the proxy statement: Kimberly N. Ellison-Taylor

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 7 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 1,208,583,343AGAINST: 9,859,436

U.S. BANCORP’s own tally for this item (“Elect Director: Kimberly N. Ellison-Taylor”): 1,208,583,343 for, 9,859,436 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 76% for, 0.7% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.9% of the shares they voted on this item FOR (490,208,091 for, 37,270 against).

FOR 99.9%

FOR: 490,208,091 (99.9%)AGAINST: 37,270 (0.0%)ABSTAIN: 256,782 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Kimberly N. Ellison-Taylor” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

9. The election of each of the 14 directors named in the proxy statement: Aleem Gillani

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 6 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%

FOR: 1,211,971,760AGAINST: 5,784,189

U.S. BANCORP’s own tally for this item (“Elect Director: Aleem Gillani”): 1,211,971,760 for, 5,784,189 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 76% for, 0.4% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.9% of the shares they voted on this item FOR (490,233,285 for, 12,066 against).

FOR 99.9%

FOR: 490,233,285 (99.9%)AGAINST: 12,066 (0.0%)ABSTAIN: 256,791 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Aleem Gillani” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

10. The election of each of the 14 directors named in the proxy statement: Roland A. Hernandez

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 7 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 1,161,150,808AGAINST: 57,226,496

U.S. BANCORP’s own tally for this item (“Elect Director: Roland A. Hernandez”): 1,161,150,808 for, 57,226,496 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 73% for, 4% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.8% of the shares they voted on this item FOR (489,441,894 for, 803,462 against).

FOR 99.7%

FOR: 489,441,894 (99.8%)AGAINST: 803,462 (0.2%)ABSTAIN: 256,786 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Roland A. Hernandez” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Vote
Vanguard	146,619,814	0	For
Fidelity	71,578,450	0	For
Charles Schwab	50,698,572	0	For
BlackRock	46,577,776	0	For
State Street	18,451,334	358	For
Invesco	12,203,328	0	For
American Century	11,357,911	0	For
Victory Capital	8,383,155	0	For
VanEck ETF Trust	7,921,062	0	For
Franklin Custodian Funds	7,500,000	0	For
FIRST EAGLE FUNDS	6,621,858	0	For
Dimensional	6,374,825	0	For
Federated Hermes	5,903,050	0	For
T. Rowe Price	5,610,970	0	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	0	For
GMO	5,045,613	0	For
JPMorgan	4,448,364	0	For
Legg Mason	4,021,701	0	For
Bridge Builder Trust	3,202,018	714,125	For
Lincoln Financial	3,336,527	0	For
First Trust	3,194,095	0	For
TIAA	3,073,805	0	For
Prudential/PGIM	3,048,894	0	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	0	For
Equitable	2,452,896	0	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

11. The election of each of the 14 directors named in the proxy statement: Richard P. McKenney

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 1,185,618,562AGAINST: 32,648,550

U.S. BANCORP’s own tally for this item (“Elect Director: Richard P. McKenney”): 1,185,618,562 for, 32,648,550 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 74% for, 2% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.7% of the shares they voted on this item FOR (489,225,803 for, 988,094 against).

FOR 99.7%

FOR: 489,225,803 (99.7%)AGAINST: 988,094 (0.2%)ABSTAIN: 288,244 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Richard P. McKenney” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Vote
Vanguard	146,619,814	0	For
Fidelity	71,578,450	0	For
Charles Schwab	50,698,572	0	For
BlackRock	46,577,776	0	For
State Street	18,451,692	0	For
Invesco	12,203,328	0	For
American Century	11,357,911	0	For
Victory Capital	8,383,155	0	For
VanEck ETF Trust	7,921,062	0	For
Franklin Custodian Funds	7,500,000	0	For
FIRST EAGLE FUNDS	6,621,858	0	For
Dimensional	6,374,825	0	For
Federated Hermes	5,903,050	0	For
T. Rowe Price	5,610,970	0	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	0	For
GMO	5,045,613	0	For
JPMorgan	4,448,364	0	For
Legg Mason	4,021,701	0	For
Bridge Builder Trust	3,916,143	0	For
Lincoln Financial	2,994,371	342,156	For
First Trust	3,194,095	0	For
TIAA	3,073,805	0	For
Prudential/PGIM	3,048,894	0	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	0	For
Equitable	2,452,896	0	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

12. The election of each of the 14 directors named in the proxy statement: Loretta E. Reynolds

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 7 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 1,210,438,544AGAINST: 7,460,775

U.S. BANCORP’s own tally for this item (“Elect Director: Loretta E. Reynolds”): 1,210,438,544 for, 7,460,775 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 76% for, 0.5% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.9% of the shares they voted on this item FOR (490,208,274 for, 5,637 against).

FOR 99.9%

FOR: 490,208,274 (99.9%)AGAINST: 5,637 (0.0%)ABSTAIN: 288,230 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Loretta E. Reynolds” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

13. The election of each of the 14 directors named in the proxy statement: John P. Wiehoff

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 6 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 1,209,246,520AGAINST: 8,505,004

U.S. BANCORP’s own tally for this item (“Elect Director: John P. Wiehoff”): 1,209,246,520 for, 8,505,004 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 76% for, 0.6% against (76% of the company cast a for/against vote).

The 213 asset managers below cast 99.9% of the shares they voted on this item FOR (490,239,629 for, 5,720 against).

FOR 99.9%

FOR: 490,239,629 (99.9%)AGAINST: 5,720 (0.0%)ABSTAIN: 256,791 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: John P. Wiehoff” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 213 asset managers. See all 213 in the interactive database.

14. The election of each of the 14 directors named in the proxy statement: Gunjan Kedia

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 5 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 1,210,818,933AGAINST: 7,062,053

U.S. BANCORP’s own tally for this item (“Elect Director: Gunjan Kedia”): 1,210,818,933 for, 7,062,053 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 76% for, 0.5% against (76% of the company cast a for/against vote).

The 212 asset managers below cast 99.9% of the shares they voted on this item FOR (490,233,758 for, 5,622 against).

FOR 99.9%

FOR: 490,233,758 (99.9%)AGAINST: 5,622 (0.0%)ABSTAIN: 256,781 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Gunjan Kedia” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 212 asset managers. See all 212 in the interactive database.

15. The election of each of the 14 directors named in the proxy statement: Yusuf I. Mehdi

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-15.

Combines 5 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 1,209,085,762AGAINST: 8,710,715

U.S. BANCORP’s own tally for this item (“Elect Director: Yusuf I. Mehdi”): 1,209,085,762 for, 8,710,715 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 76% for, 0.6% against (76% of the company cast a for/against vote).

The 212 asset managers below cast 99.9% of the shares they voted on this item FOR (490,233,614 for, 5,759 against).

FOR 99.9%

FOR: 490,233,614 (99.9%)AGAINST: 5,759 (0.0%)ABSTAIN: 256,788 (0.1%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “The election of each of the 14 directors named in the proxy statement: Yusuf I. Mehdi” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Vanguard	146,619,814	For
Fidelity	71,578,450	For
Charles Schwab	50,698,572	For
BlackRock	46,577,776	For
State Street	18,451,692	For
Invesco	12,203,328	For
American Century	11,357,911	For
Victory Capital	8,383,155	For
VanEck ETF Trust	7,921,062	For
Franklin Custodian Funds	7,500,000	For
FIRST EAGLE FUNDS	6,621,858	For
Dimensional	6,374,825	For
Federated Hermes	5,903,050	For
T. Rowe Price	5,610,970	For
DAVIS NEW YORK VENTURE FUND INC	5,148,975	For
GMO	5,045,613	For
JPMorgan	4,448,364	For
Legg Mason	4,021,701	For
Bridge Builder Trust	3,916,143	For
Lincoln Financial	3,336,527	For
First Trust	3,194,095	For
TIAA	3,073,805	For
Prudential/PGIM	3,048,894	For
CITY NATIONAL ROCHDALE FUNDS	2,660,258	For
Equitable	2,452,896	For

Showing the 25 largest of 212 asset managers. See all 212 in the interactive database.

16. A shareholder proposal regarding a report on board oversight of risks relating to discrimination.

DIVERSITY, EQUITY, AND INCLUSIONMajority of the votes cast: no

Meeting held 2025-04-15.

Combines 6 wordings of this item as funds reported it.

2% Majority: no · of votes cast

AGAINST 98%

FOR: 21,258,954AGAINST: 1,183,917,819

U.S. BANCORP’s own tally for this item (“Proposal 4: shareholder proposal regarding a report on board oversight of risks relating to discrimination”): 21,258,954 for, 1,183,917,819 against, per its Form 8-K (Item 5.07). FOR was not 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. Of all 1,600,000,000 outstanding shares: 1% for, 74% against (75% of the company cast a for/against vote).

The 209 asset managers below cast 0.1% of the shares they voted on this item FOR (191,807 for, 488,964,675 against).

AGAINST 99.7%

FOR: 191,807 (0.0%)AGAINST: 488,964,675 (99.8%)ABSTAIN: 953,504 (0.2%)NOT VOTED: 1,500 (0.0%)UNKNOWN: 750 (0.0%)

Largest asset managers voting on “A shareholder proposal regarding a report on board oversight of risks relating to discrimination.” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Vote
Vanguard	0	146,619,814	Against
Fidelity	0	71,578,450	Against
Charles Schwab	0	50,698,572	Against
BlackRock	0	46,577,776	Against
State Street	0	18,451,692	Against
Invesco	0	12,203,328	Against
American Century	0	11,357,911	Against
Victory Capital	0	8,383,155	Against
VanEck ETF Trust	0	7,921,062	Against
Franklin Custodian Funds	0	7,500,000	Against
FIRST EAGLE FUNDS	0	6,621,858	Against
Dimensional	0	6,374,825	Against
Federated Hermes	0	5,903,050	Against
T. Rowe Price	0	5,610,970	Against
DAVIS NEW YORK VENTURE FUND INC	0	5,148,975	Against
GMO	0	5,045,613	Against
JPMorgan	129,576	4,318,788	Against
Legg Mason	0	4,021,701	Against
Bridge Builder Trust	0	3,916,143	Against
Lincoln Financial	0	3,286,069	Against
First Trust	0	3,194,095	Against
TIAA	0	3,073,805	Against
Prudential/PGIM	0	3,048,894	Against
CITY NATIONAL ROCHDALE FUNDS	0	2,660,258	Against
Equitable	0	2,452,896	Against

Showing the 25 largest of 209 asset managers. See all 209 in the interactive database.

17. Election of Director: Kimberly J. Harris

DIRECTOR ELECTIONS

Meeting held 2025-04-15.

Combines 8 wordings of this item as funds reported it.

99.5% fund support · no official result

9%ABSTAIN 90%

The 111 asset managers below cast 99.5% of the shares they voted on this item FOR (13,773,008 for, 67,947 against).

FOR: 13,773,008 (9.4%)AGAINST: 67,947 (0.0%)ABSTAIN: 131,017,043 (89.5%)NO VOTE: 837,164 (0.6%)WITHDRAWN RESOLUTION: 166,678 (0.1%)UNKNOWN: 163,441 (0.1%)N/A: 137,317 (0.1%)NOT VOTED: 119,988 (0.1%)0: 32,100 (0.0%)WITHDRAWN ITEM: 100 (0.0%)

Largest asset managers voting on “Election of Director: Kimberly J. Harris” at U.S. BANCORP, 2024-2025
Asset manager	For	Abstain	Vote
Charles Schwab	0	50,698,572	Abstain
BlackRock	27,182	46,550,594	Abstain
VanEck ETF Trust	0	7,921,062	Abstain
Federated Hermes	5,903,050	0	For
JPMorgan	0	4,448,364	Abstain
Bridge Builder Trust	0	3,916,143	Abstain
CITY NATIONAL ROCHDALE FUNDS	2,660,258	0	For
MASTER INVESTMENT PORTFOLIO	0	2,429,873	Abstain
Jackson National	0	2,268,620	Abstain
John Hancock	0	2,059,638	Abstain
Prudential/PGIM	1,986,819	0	For
Lincoln Financial	68,930	1,784,518	Abstain
TRUST FOR PROFESSIONAL MANAGERS	1,770,768	62,247	For
Six Circles Trust	0	1,533,855	Abstain
Vanguard	0	1,425,420	Abstain
Brighthouse	0	55,423	No Vote
ADVISORS' INNER CIRCLE FUND	0	772,543	Abstain
HARBOR FUNDS	0	770,400	Abstain
TOUCHSTONE FUNDS GROUP TRUST	0	649,358	Abstain
Russell Investments	0	405,010	Abstain
Cardano Risk Management B.V.	0	400,455	Abstain
Principal	0	342,151	Abstain
Managed Portfolio Series	170,507	170,300	For
SEI	0	297,501	Abstain
Aristotle Funds Series Trust	0	295,100	Abstain

Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.

18. Report on Risks Related to Discrimination Against Individuals Including Religious/Political Views

OTHER SOCIAL ISSUES

Meeting held 2025-04-15.

42% fund support · no official result

FOR 42%AGAINST 58%

The 7 asset managers below cast 42% of the shares they voted on this item FOR (234,230 for, 322,661 against).

FOR: 234,230 (42.1%)AGAINST: 322,661 (57.9%)

Largest asset managers voting on “Report on Risks Related to Discrimination Against Individuals Including Religious/Political Views” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Vote
GuideStone	234,230	0	For
Empower	0	221,669	Against
Lincoln Financial	0	50,458	Against
Northern Lights Fund Trust	0	26,468	Against
CLEARWATER INVESTMENT TRUST	0	20,785	Against
Northern Lights Variable Trust	0	3,181	Against
UNIFIED SERIES TRUST	0	100	Against

19. An advisory vote to approve the compensation of our executives disclosed in the proxy statement

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-04-16 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 1,066,446,037AGAINST: 66,809,094

U.S. BANCORP’s own tally for this item (“Proposal 2: Advisory vote to approve the compensation of the Company's executive officers as disclosed in the Proxy Statement”): 1,066,446,037 for, 66,809,094 against, per its Form 8-K (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. Of all 1,600,000,000 outstanding shares: 67% for, 4% against (71% of the company cast a for/against vote).

The 6 asset managers below cast 100% of the shares they voted on this item FOR (784,317 for, 0 against).

FOR 100%

FOR: 784,317 (100.0%)

Largest asset managers voting on “An advisory vote to approve the compensation of our executives disclosed in the proxy statement” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
VAUGHAN DAVID INVESTMENTS LLC/IL	715,924	For
COLDSTREAM CAPITAL MANAGEMENT INC	47,582	For
Sky Investment Group LLC	14,565	For
Axiom Financial Strategies, LLC	4,889	For
Ipswich Investment Management Co., Inc.	1,357	For
Echo45 Advisors LLC	0	--

20. Elect Director Kimberly J. Harris Withdrawn Resolution

DIRECTOR ELECTIONS

Meeting held 2025-04-15.

— fund support · no official result

N/A 73%NON VOTING 17%10%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

N/A: 221,669 (73.5%)NON VOTING: 50,458 (16.7%)UNKNOWN: 29,649 (9.8%)

Largest asset managers voting on “Elect Director Kimberly J. Harris *Withdrawn Resolution*” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Empower	0	0	0	0	N/A
Lincoln Financial	0	0	0	0	Non Voting
Northern Lights Fund Trust	0	0	0	0	Unknown
Northern Lights Variable Trust	0	0	0	0	Unknown

21. Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-04-15.

91% Majority: yes · of votes cast

FOR 91%9%

FOR: 1,109,966,593AGAINST: 104,986,563

The 3 asset managers below cast 100% of the shares they voted on this item FOR (44,135 for, 0 against).

FOR 100%

FOR: 44,135 (100.0%)

Largest asset managers voting on “Compensation” at U.S. BANCORP, 2024-2025
Asset manager	For	Vote
Teewinot Capital Advisers, L.L.C.	43,117	For
Members Trust Co	958	For
Blue Sky Capital Consultants Group, Inc.	60	For

22. S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-04-15.

Combines 2 wordings of this item as funds reported it.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 10,399 against).

AGAINST: 10,399 (100.0%)

Largest asset managers voting on “S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
MARCO INVESTMENT MANAGEMENT LLC	0	8,970	0	0	Against
VOISARD ASSET MANAGEMENT GROUP, INC.	0	1,429	0	0	Against

23. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-04-15.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,126 for, 0 against).

FOR: 1,126 (100.0%)

Largest asset managers voting on “Director Elections” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	958	0	0	0	For
Ballew Advisors, Inc	168	0	0	0	For

24. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-04-15.

91% Majority: yes · of votes cast

FOR 91%9%

FOR: 1,109,966,593AGAINST: 104,986,563

The 2 asset managers below cast 100% of the shares they voted on this item FOR (3,084 for, 0 against).

FOR 100%

FOR: 3,084 (100.0%)

Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at U.S. BANCORP, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Lido Advisors, LLC	1,569	0	0	0	For
Pinnacle Family Advisors, LLC	1,515	0	0	0	For

Largest U.S. BANCORP shareholders voting in 2024-2025

Ranked by the number of U.S. BANCORP shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 1,600,000,000 shares outstanding at the time of that meeting.

Top U.S. BANCORP shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	9.80%
2	Fidelity	7.35%
3	Charles Schwab	6.35%
4	BlackRock	5.95%
5	State Street	3.86%
6	MUFG Bank, Ltd.	2.77%
7	GEODE CAPITAL MANAGEMENT, LLC	2.16%
8	JPMorgan	2.08%
9	Invesco	1.93%
10	VIKING GLOBAL INVESTORS LP	1.75%

Reported U.S. BANCORP ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

U.S. BANCORP beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	8.83%	13F
BlackRock	7.76%	13F
State Street	4.32%	13F
FMR (Fidelity)	4.22%	13F
JPMorgan Chase	2.11%	13F
Morgan Stanley	1.71%	13F
Northern Trust	1.04%	13F
Invesco	1.03%	13F
Norges Bank	0.92%	13F

Percentages above are of 1,600,000,000 shares outstanding, as reported by U.S. BANCORP on its Form 10-K dated 2024-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

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Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, 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 2024-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At U.S. BANCORP's shareholder meeting held 2025-04-15, in the 2024-2025 proxy season, 1,290 asset managers reported how they voted in their SEC Form N-PX filings, covering 16,403 separate fund positions. Their filings are grouped here into 24 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. 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 91% 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 (filing date not recorded for this item).

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

U.S. BANCORP 2024-2025 Proxy Voting Records

Official 2024-2025 meeting results reported by U.S. BANCORP

How asset managers voted at the U.S. BANCORP 2024-2025 meeting

1. An advisory vote to approve the compensation of our executives disclosed in the proxy statement.

2. The ratification of the selection of Ernst & Young LLP as our independent auditor for the 2025 fiscal year.

3. The election of each of the 14 directors named in the proxy statement: Warner L. Baxter

4. The election of each of the 14 directors named in the proxy statement: Dorothy Bridges

5. The election of each of the 14 directors named in the proxy statement: Elizabeth L. Buse

6. The election of each of the 14 directors named in the proxy statement: Andrew Cecere

7. The election of each of the 14 directors named in the proxy statement: Alan B. Colberg

8. The election of each of the 14 directors named in the proxy statement: Kimberly N. Ellison-Taylor

9. The election of each of the 14 directors named in the proxy statement: Aleem Gillani

10. The election of each of the 14 directors named in the proxy statement: Roland A. Hernandez

11. The election of each of the 14 directors named in the proxy statement: Richard P. McKenney

12. The election of each of the 14 directors named in the proxy statement: Loretta E. Reynolds

13. The election of each of the 14 directors named in the proxy statement: John P. Wiehoff

14. The election of each of the 14 directors named in the proxy statement: Gunjan Kedia

15. The election of each of the 14 directors named in the proxy statement: Yusuf I. Mehdi

16. A shareholder proposal regarding a report on board oversight of risks relating to discrimination.

17. Election of Director: Kimberly J. Harris

18. Report on Risks Related to Discrimination Against Individuals Including Religious/Political Views

19. An advisory vote to approve the compensation of our executives disclosed in the proxy statement

20. Elect Director Kimberly J. Harris *Withdrawn Resolution*

21. Compensation

22. S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy

23. Director Elections

24. SECTION 14A SAY-ON-PAY VOTES

Largest U.S. BANCORP shareholders voting in 2024-2025

Reported U.S. BANCORP ownership

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20. Elect Director Kimberly J. Harris Withdrawn Resolution