U.S. Bancorp's CEO Salary
- Andrew Cecere Executive Chairman and former Chief Executive Officer at U.S. Bancorp, received a total compensation of $19.05 M in 2025.
- Jodi L. Richard Vice Chair and Chief Risk Officer at U.S. Bancorp, received a total compensation of $10.00 M in 2025.
- Stephen L. Philipson Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bancorp, received a total compensation of $6.09 M in 2025.
- Terrance R. Dolan Former Vice Chair and Chief Administration Officer at U.S. Bancorp, received a total compensation of $5.97 M in 2025.
- John C. Stern Vice Chair and Chief Financial Officer at U.S. Bancorp, received a total compensation of $5.77 M in 2025.
- Elcio R.T. Barcelos Senior Executive Vice President and Chief Human Resources Officer at U.S. Bancorp, received a total compensation of $5.04 M in 2025.
U.S. Bancorp's CEO salary and other executives compensation in 2025 was as follows:
Executive Compensation Summary Table
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Andrew Cecere Executive Chairman and former Chief Executive Officer | $19.05 M | $19.34 M | $22.92 M |
| Base Salary | $1.40 M | $1.40 M | $1.35 M |
| Incentive Plan Compensation | $1.51 M | $4.93 M | $3.79 M |
| All Other Compensation | $5.15 M | $2.01 M | $7.27 M |
| Stock Award | $11.00 M | $11.00 M | $10.50 M |
| Jodi L. Richard Vice Chair and Chief Risk Officer | $10.00 M | - | - |
| Base Salary | $800.00 K | - | - |
| Incentive Plan Compensation | $1.90 M | - | - |
| All Other Compensation | $307.09 K | - | - |
| Stock Award | $7.00 M | - | - |
| Stephen L. Philipson Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking | $6.09 M | - | - |
| Base Salary | $725.00 K | - | - |
| Incentive Plan Compensation | $1.71 M | - | - |
| All Other Compensation | $361.50 K | - | - |
| Stock Award | $3.30 M | - | - |
| Terrance R. Dolan Former Vice Chair and Chief Administration Officer | $5.97 M | $8.59 M | $8.58 M |
| Base Salary | $196.72 K | $815.00 K | $780.00 K |
| Incentive Plan Compensation | - | $2.05 M | $1.41 M |
| All Other Compensation | $568.40 K | $725.80 K | $1.89 M |
| Stock Award | $5.20 M | $5.00 M | $4.50 M |
| John C. Stern Vice Chair and Chief Financial Officer | $5.77 M | $4.92 M | $1.85 M |
| Base Salary | $750.00 K | $700.00 K | $527.31 K |
| Incentive Plan Compensation | $1.78 M | $1.41 M | $607.26 K |
| All Other Compensation | $237.39 K | $108.77 K | $110.57 K |
| Stock Award | $3.00 M | $2.70 M | $600.00 K |
| Elcio R.T. Barcelos Senior Executive Vice President and Chief Human Resources Officer | $5.04 M | - | - |
| Base Salary | $675.00 K | - | - |
| Incentive Plan Compensation | $1.28 M | - | - |
| All Other Compensation | $182.56 K | - | - |
| Stock Award | $2.90 M | - | - |
| Andrew Cecere Chairman and Chief Executive Officer | - | $19.34 M | $22.92 M |
| Base Salary | - | $1.40 M | $1.35 M |
| Incentive Plan Compensation | - | $4.93 M | $3.79 M |
| All Other Compensation | - | $2.01 M | $7.27 M |
| Stock Award | - | $11.00 M | $10.50 M |
| Gunjan Kedia President | - | $10.14 M | $5.75 M |
| Base Salary | - | $930.77 K | $725.00 K |
| Incentive Plan Compensation | - | $2.29 M | $1.17 M |
| All Other Compensation | - | $414.82 K | $351.24 K |
| Stock Award | - | $6.50 M | $3.50 M |
| Gunjan Kedia Chief Executive Officer and President | - | $10.14 M | $5.75 M |
| Base Salary | - | $930.77 K | $725.00 K |
| Incentive Plan Compensation | - | $2.29 M | $1.17 M |
| All Other Compensation | - | $414.82 K | $351.24 K |
| Stock Award | - | $6.50 M | $3.50 M |
| Terrance R. Dolan Vice Chair and Chief Administration Officer | - | $8.59 M | $8.58 M |
| Base Salary | - | $815.00 K | $780.00 K |
| Incentive Plan Compensation | - | $2.05 M | $1.41 M |
| All Other Compensation | - | $725.80 K | $1.89 M |
| Stock Award | - | $5.00 M | $4.50 M |
| Timothy A. Welsh Former Vice Chair, Consumer and Business Banking | - | $7.65 M | $5.54 M |
| Base Salary | - | $615.39 K | $725.00 K |
| Incentive Plan Compensation | - | - | $1.13 M |
| All Other Compensation | - | $2.04 M | $185.32 K |
| Stock Award | - | $5.00 M | $3.50 M |
| Shailesh M. Kotwal Vice Chair, Payment Services | - | $7.26 M | $5.41 M |
| Base Salary | - | $800.00 K | $700.00 K |
| Incentive Plan Compensation | - | $1.77 M | $1.21 M |
| All Other Compensation | - | $284.18 K | $306.30 K |
| Stock Award | - | $4.40 M | $3.20 M |
| John C. Stern Senior Executive Vice President and Chief Financial Officer | - | $4.92 M | $1.85 M |
| Base Salary | - | $700.00 K | $527.31 K |
| Incentive Plan Compensation | - | $1.41 M | $607.26 K |
| All Other Compensation | - | $108.77 K | $110.57 K |
| Stock Award | - | $2.70 M | $600.00 K |
| Andrew Cecere Chairman, President and Chief Executive Officer | - | - | $22.92 M |
| Base Salary | - | - | $1.35 M |
| Incentive Plan Compensation | - | - | $3.79 M |
| All Other Compensation | - | - | $7.27 M |
| Stock Award | - | - | $10.50 M |
| Jeffry H. von Gillern Former Vice Chair, Technology and Operations Services | - | - | $6.27 M |
| Base Salary | - | - | $725.00 K |
| Incentive Plan Compensation | - | - | $1.16 M |
| All Other Compensation | - | - | $383.09 K |
| Stock Award | - | - | $4.00 M |
| Gunjan Kedia Vice Chair, Wealth, Corporate, Commercial and Institutional Banking | - | - | $5.75 M |
| Base Salary | - | - | $725.00 K |
| Incentive Plan Compensation | - | - | $1.17 M |
| All Other Compensation | - | - | $351.24 K |
| Stock Award | - | - | $3.50 M |
| Timothy A. Welsh Vice Chair, Consumer and Business Banking | - | - | $5.54 M |
| Base Salary | - | - | $725.00 K |
| Incentive Plan Compensation | - | - | $1.13 M |
| All Other Compensation | - | - | $185.32 K |
| Stock Award | - | - | $3.50 M |
