Tessel Marianna 4

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.