Form 4: Cisco Director Kevin Weil Acquires Shares

Cisco Systems Director Kevin Weil acquired 407 shares of common stock as part of a deferred restricted stock unit award.

Summary

• Kevin Weil, a Director at Cisco Systems, Inc. (CSCO), acquired 407 shares of common stock.
• The transaction occurred on September 15, 2025, at a price of $67.02 per share.
• This acquisition represents a fully vested deferred restricted stock unit (RSU) award, granted in lieu of cash retainer fees.
• The shares will settle upon Weil's "separation from service" to Cisco.
• The reported beneficial ownership following this transaction is 2,897.794 shares directly and 1,402.584 shares indirectly through a trust.
• The direct ownership includes 14.794 dividend equivalents, each equivalent to one share of Cisco common stock.

Sentiment

Score: 6

Explanation: The acquisition of shares by a director as part of compensation is a neutral to slightly positive event, indicating continued alignment of insider interests with shareholders. It's a routine transaction and not indicative of significant operational changes.

Positives

• Director Kevin Weil acquired additional shares, aligning his interests with those of shareholders.
• The acquisition is part of a fully vested deferred restricted stock unit award, indicating a commitment to long-term compensation.

Future Outlook

The acquired shares, representing a fully vested deferred restricted stock unit award, will settle in shares on or as soon as practicable after the reporting person's 'separation from service' to Cisco, as defined by Section 409A of the Internal Revenue Code.

Industry Context

This routine insider transaction reflects a standard compensation practice for directors, where equity awards are granted in lieu of cash fees to align director interests with long-term shareholder value. Such practices are common across the technology and broader corporate sectors.

Stakeholder Impact

• Shareholders: Increased alignment of a director's financial interests with long-term shareholder value through equity ownership.

Next Steps

• The acquired shares will settle in common stock on or as soon as practicable after Kevin Weil's 'separation from service' to Cisco.

Key Dates

Keywords

Cisco Systems, CSCO, Kevin Weil, Form 4, Insider Trading, Restricted Stock Units, Director Compensation, Equity Acquisition