Cisco (CSCO) Director Peter A. Shimer Receives 2,333 Deferred RSUs

What Happened

• Peter A. Shimer, a director of Cisco Systems, received a grant/award of 2,333 restricted stock units (transaction code A) on 2026-04-06. The RSUs are recorded at $0.00 per share (no cash paid) and will settle in Cisco shares in the future. This is an award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-06; Filing date: 2026-04-07 (filed next day).
• Shares/units granted: 2,333; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: These are fully vested deferred RSUs that will settle in shares on, or as soon as practicable after, the reporting person's "separation from service" under IRC Section 409A.
• No 10b5-1 plan, tax-withholding, or sale reported in this filing.

Context

• Deferred RSUs are a form of compensation for directors/executives that convert to actual shares at a later event (here, separation from service). Because settlement is delayed, this award does not represent an immediate market purchase or sale and should be viewed as part of routine compensation rather than an explicit near-term trading signal.