Weil Kevin 4

What Happened

• Kevin Weil, a director of Cisco Systems (CSCO), was granted 251 shares via a deferred restricted stock unit (RSU) award on 2026-06-15. The award is reported at a per-share value of $120.17 for a total reported value of $30,163.
• This was an award/award acquisition (not an open-market purchase or sale). The RSUs are fully vested but will settle in shares only on, or as soon as practicable after, Weil’s "separation from service" under Section 409A.

Key Details

• Transaction date and value: 2026-06-15; 251 shares at $120.17 each; total $30,163.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: (F1) Award represents fully vested deferred RSUs issued in lieu of the director’s cash retainer and will settle in shares upon separation from service. (F2) The 251-share total includes 103.067 dividend equivalents accrued on vested deferred RSUs (each equivalent equals one share economically).
• Filing timeliness: Report filed 2026-06-16 for the 2026-06-15 transaction (not indicated as late).

Context

• This is a compensation-related award (deferred RSUs), not a market buy or sale; it signals compensation conversion rather than an immediate investment decision. Because settlement is deferred until separation, no shares were necessarily transferred to Weil at the time of the grant.