Form 4: Cisco Director Kevin Weil Boosts Stake with RSU Awards

Cisco Systems Director Kevin Weil acquired 3,871 shares of common stock through deferred restricted stock unit awards, increasing his beneficial ownership.

Summary

• Cisco Systems, Inc. Director Kevin Weil acquired 390 shares of common stock on December 16, 2025, as a fully vested deferred restricted stock unit award in lieu of cash retainer fees, valued at $77.55 per share.
• An additional 3,481 shares of common stock were acquired on December 16, 2025, through a fully vested deferred restricted stock unit award with a price of $0.
• These deferred restricted stock units will settle in shares on, or as soon as practicable after, Mr. Weil's 'separation from service' to Cisco.
• The reported direct beneficial ownership after these transactions is 6,785.608 shares.
• Indirect beneficial ownership through a trust remains at 1,402.584 shares.
• The direct beneficial ownership includes 31.608 dividend equivalents accrued on vested deferred restricted stock units, where each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates a director's continued accumulation of company equity, aligning their interests with long-term shareholder value, even if it's through routine compensation.

Positives

• The acquisition of shares by a director, even through RSU awards, generally indicates alignment of management's interests with those of shareholders.
• The awards are fully vested, meaning the director has earned the right to these shares, reinforcing commitment.

Future Outlook

The acquired deferred restricted stock units are fully vested and will settle in shares on, or as soon as practicable after, Kevin Weil's 'separation from service' to Cisco, as defined by Section 409A of the Internal Revenue Code.

Industry Context

This transaction is a routine insider filing, common for publicly traded companies where directors and executives receive equity compensation as part of their remuneration packages. It reflects standard corporate governance practices for aligning executive interests with shareholder value over the long term.

Stakeholder Impact

• Shareholders: Increased insider ownership can be viewed positively as it aligns the director's financial interests with the company's performance and long-term value creation.

Next Steps

• The deferred restricted stock units will settle in shares upon Kevin Weil's separation from service to Cisco.

Key Dates

Keywords

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