Cisco CFO Mark Patterson Receives Restricted Stock Award

What Happened

• Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems (CSCO), was granted 92,817 restricted stock units (RSUs) on September 16, 2026. The Form 4 reports an acquisition at $0.00 (this is an award, not a market purchase); no cash changed hands at grant.

Key Details

• Transaction date: 2026-09-16; filing date: 2026-09-18 (filed within the standard 2-business-day window).
• Grant: 92,817 RSUs; reported price: $0.00 (award/grant).
• Shares owned after transaction: not disclosed in this filing.
• Footnotes:
  • F1: RSUs vest in installments — 34% vest on November 10, 2027, then 8.25% vest quarterly thereafter.
  • F2: The award amount includes 1,786.851 dividend equivalents on unvested RSUs; each dividend equivalent is the economic equivalent of one share of Cisco common stock.
• Transaction type code: A = Award/Grant.

Context

• RSU grants are a form of compensation and do not represent an open-market purchase or sale; they typically reflect retention/incentive pay rather than an immediate vote of confidence via buying stock.
• The economic value to the insider will depend on Cisco’s share price when units vest and on any applicable withholding or settlement practices at vesting.