The Puerto Rico Nonemployee Director Stock Option Plan of U.S. Ban corp is a specific compensation plan designed for nonemployee directors of the company who are based in Puerto Rico. This plan provides an opportunity for these directors to receive stock options as part of their compensation package. Under this plan, nonemployee directors of U.S. Ban corp who are residents of Puerto Rico are eligible to participate. The plan grants stock options to these directors, allowing them to purchase a certain number of shares of the company's common stock at a predetermined price, typically referred to as the exercise price. These options are typically subject to a vesting period and expiration date, as outlined in the plan's terms and conditions. The Puerto Rico Nonemployee Director Stock Option Plan aims to align the interests of nonemployee directors with the long-term success and performance of U.S. Ban corp. By allowing directors to purchase company stock at a set price, the plan incentivizes them to contribute to the company's growth and profitability. As the stock price increases over time, directors can potentially realize substantial gains upon exercising their options. It is important to note that there may be different variations or series of the Puerto Rico Nonemployee Director Stock Option Plan, each with its own specific terms and conditions. These variations could include options with different vesting schedules, exercise prices, or expiration dates. However, specific details regarding different types within this plan are not provided in the given information. In summary, the Puerto Rico Nonemployee Director Stock Option Plan of U.S. Ban corp is a compensation plan designed to reward directors who are residents of Puerto Rico with stock options. These options provide directors with the opportunity to purchase company stock at a predetermined price, aligning their interests with the long-term success of U.S. Ban corp.
Puerto Rico Nonemployee Director Stock Option Plan of U.S. Bancorp
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Top 10 Owners of Bank of America Corp StockholderStakeTotal value ($)Berkshire Hathaway, Inc. (Investm...13.00%28,279,487,924The Vanguard Group, Inc.7.29%15,870,405,698BlackRock Fund Advisors3.85%8,384,721,747SSgA Funds Management, Inc.3.61%7,852,496,3026 more rows
U.S. Bancorp, with approximately 77,000 employees and $681 billion in assets as of end of June 30, 2023, is the parent company of U.S. Bank National Association.
History. The U.S. Bank name first appeared as United States National Bank of Portland, established in Portland, Oregon, in 1891. In 1902, it merged with Ainsworth National Bank of Portland, but kept the U.S. National Bank name. It changed its name to the United States National Bank of Oregon in 1964.
U.S. Bancorp (USB) is a diversified financial services company that offers retail and commercial banking, private banking, and wealth management solutions through its subsidiaries.
Who owns Us Bancorp? Us Bancorp (NYSE: USB) is owned by 74.04% institutional shareholders, 19.86% Us Bancorp insiders, and 6.10% retail investors. Berkshire Hathaway Inc is the largest individual Us Bancorp shareholder, owning 300.56M shares representing 19.30% of the company.
Is U.S. Bank part of U.S. Bancorp? Yes, U.S. Bancorp [NYSE: USB] is the publicly traded parent company of U.S. Bank.
As Vice Chair and Chief Financial Officer at US BANCORP, Terrance R. Dolan made $6,828,538 in total compensation. Of this total $750,000 was received as a salary, $1,840,500 was received as a bonus, $0 was received in stock options, $4,200,000 was awarded as stock and $38,038 came from other types of compensation.
And to respond to a question we sometimes hear, U.S. Bank is not part of the U.S. government.