Tessel Marianna 4
4 · CISCO SYSTEMS, INC. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Cisco (CSCO) Director Tessel Marianna Receives Stock Award
What Happened
- Tessel Marianna, a director of Cisco Systems (CSCO), received an award of 251 shares on 2026-06-15. The award was valued at $120.17 per share, totaling approximately $30,163. This transaction is an award (code A) — not a purchase or sale — and was granted in lieu of the director's cash retainer. Per the filing, the award was fully vested on the date of grant.
Key Details
- Transaction date and price: 2026-06-15; 251 shares at $120.17 each (total ~$30,163).
- Transaction type: Award/Grant (code A), fully vested upon grant (footnote F1).
- Shares owned after transaction: Not specified in the provided excerpt of the Form 4.
- Additional note (footnote F2): The filing references 2,829.365 dividend equivalents accrued on vested deferred restricted stock units; each dividend equivalent is economically equivalent to one share of Cisco common stock.
- Filing timeliness: Report filed 2026-06-16 for a 2026-06-15 grant — within the standard Form 4 filing window (timely).
Context
- This was a compensation-related stock award (common for directors) and does not represent an open-market purchase or sale. Such awards are routine and part of director pay; they do not necessarily signal a view on the company's stock price.
Insider Transaction Report
Form 4
Tessel Marianna
Director
Transactions
- Award
Common Stock
[F1][F2]2026-06-15$120.17/sh+251$30,163→ 37,447.365 total
Footnotes (2)
- [F1]Represents a stock award covering shares in lieu of the reporting person's cash retainer fees, which is fully vested on the date of grant.
- [F2]Includes 2,829.365 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
Signature
/s/ Marianna Tessel by Jay Higdon, Attorney-in-Fact|2026-06-16