Seip David Eric 4

What Happened Seip David Eric (SVP, Global Ops and CSCO) was awarded 10.496 phantom stock units on 2026-01-30. The units were recorded at $118.10 per share for a total value of $1,240. This was an award/acquisition (derivative) — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-30; Filing date (Form 4): 2026-02-02.
• Transaction type/code: Award/acquisition of derivative securities (A).
• Units/shares: 10.496 phantom stock units at $118.10 each; aggregate value reported $1,240.
• Ownership after transaction: not specified in the provided summary filing.
• Footnotes: F1 — units represent phantom stock allocated under the SERP based on the 1/30/2026 closing price; each phantom unit represents the right to receive one share. F2 — includes phantom stock acquired through dividend reinvestment.
• Timeliness: Filing appears timely (no late filing indicated).

Context Phantom stock units are a form of deferred compensation that give the holder the right to receive shares (or share value) later; they are derivative awards rather than an immediate purchase of common stock. Small awards like this (≈$1.2k) are typically routine compensation/retention items and do not by themselves signal a clear change in insider sentiment.