Cisco (CSCO) Director Kevin Weil Receives 274-Share Award

What Happened Kevin Weil, a director of Cisco Systems (CSCO), received an award of 274 shares through a deferred restricted stock unit (RSU) grant on 2026-09-15. The award is reported at an acquisition price of $110.07 per share, with a total reported value of $30,159. This was an award (not an open-market purchase or sale) and will settle in shares under the terms described below.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-17.
• Award details: 274 RSUs, unit price shown as $110.07, total value $30,159.
• Shares owned after transaction: Not specified in this filing.
• Notable footnotes:
  • F1: These are fully vested deferred RSUs granted in lieu of the director's cash retainer; they will settle in shares on, or soon after, the reporting person's "separation from service" as defined under IRC Section 409A.
  • F2: The reported amount includes 131.107 dividend equivalents accrued on vested deferred RSUs; each dividend equivalent equals one share economically.
• Filing timeliness: Form 4 was filed two days after the transaction date, which is generally consistent with standard reporting timing for insider transactions.

Context

• This is an award/grant of deferred RSUs rather than an immediate purchase or sale of stock. The RSUs will convert to actual Cisco shares only upon the specified settlement event (separation from service), so they do not represent immediate stock acquisition or sale in the open market.
• Awards granted in lieu of cash retainer are common for directors and are typically part of routine compensation, not a direct signal of buying or selling intent.