Weil Kevin 4

What Happened

• Kevin Weil, a director of Cisco Systems (CSCO), was credited with an award of 383 shares (transaction code A) on 2026-03-16 at an imputed value of $78.90 per share, totaling $30,219. This was a fully vested deferred restricted stock unit (RSU) award issued in lieu of his cash retainer — not an open-market purchase.

Key Details

• Transaction date and value: 2026-03-16; 383 shares at $78.90 each; total ~$30,219.
• Filing date: 2026-03-17 (filed within the typical Form 4 reporting window).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote F1: These are fully vested deferred RSUs that will settle in shares on, or shortly after, the reporting person's “separation from service” under Section 409A (i.e., settlement is deferred).
• Footnote F2: The reported amount includes 69.362 dividend equivalents accrued on vested deferred RSUs; each dividend equivalent is economically equivalent to one share.
• Transaction code meaning: A = Award/Grant (compensation), not a market purchase (P) or sale (S).

Context

• Because these are deferred, fully vested RSUs issued as compensation (in lieu of director cash retainer) and scheduled to settle upon separation from service, this filing reflects compensation mechanics rather than a director buying or selling stock — it is not a direct signal of an immediate trading view. Dividend equivalents increase the future share settlement amount.