Cisco (CSCO) President Jeetendra Patel Receives RSU Award

What Happened Jeetendra I. Patel, President and Chief Product Officer of Cisco Systems (CSCO), received a grant of 139,225 restricted stock units (RSUs) on 2026-09-16. The award was reported at a $0.00 per-share acquisition price (typical for RSU grants); the grant’s economic value will depend on Cisco’s future share price as the units vest.

Key Details

• Transaction date: 2026-09-16; Form 4 filed 2026-09-18 (within the normal two-business-day reporting window).
• Award: 139,225 RSUs; reported acquisition price $0.00 (i.e., no cash paid).
• Footnote F1: Vesting schedule — 34% of the shares vest on November 10, 2027, then 8.25% vest quarterly thereafter.
• Footnote F2: Includes 2,233.572 dividend equivalents credited on the unvested RSUs (each equivalent equals the economic value of one Cisco share).
• Shares owned after the transaction: not specified in the provided summary of the filing.

Context

• This was a compensation grant (award), not an open-market purchase or sale. RSUs represent a promise of shares that convert to stock as they vest; they are routinely used for executive pay and retention.
• Dividend equivalents accrue on the unvested units and will typically be settled in stock or cash according to plan rules when the underlying RSUs vest or are paid. This grant does not by itself signal a buy/sell decision by the executive.