Form 4: Cisco Director Marianna Tessel Acquires Shares Through Deferred Stock Unit Award

Cisco Systems director Marianna Tessel acquired 694 shares of common stock through a deferred restricted stock unit award, as detailed in a recent SEC filing.

Summary

• Marianna Tessel, a director at Cisco Systems, acquired 694 shares of Cisco common stock on March 15, 2024.
• The acquisition was made through a deferred restricted stock unit award, which is in lieu of cash retainer fees.
• The shares were acquired at a price of $48.93 per share.
• Tessel's total holdings after the transaction are 25,528 shares, including 1,167 dividend equivalents accrued on vested deferred restricted stock units.
• The deferred stock units will settle in shares upon Tessel's separation from service at Cisco.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally positive as it shows director alignment with company performance. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The deferred stock units will settle in shares upon Tessel's separation from service at Cisco.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies like Cisco. It reflects the compensation structure for board members.

Comparison to Industry Standards

• Stock-based compensation, including deferred stock units, is a common practice for directors at large technology companies like Cisco.
• Other companies such as Apple, Microsoft, and Google also use similar compensation methods for their board members.
• The value of the shares acquired is typical for a director's compensation package.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

Cisco, Director, Marianna Tessel, Stock Acquisition, Deferred Stock Units, SEC Form 4, Insider Trading