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

Cisco Systems director Marianna Tessel acquired 666 shares of common stock through a deferred restricted stock unit award.

Summary

• Marianna Tessel, a director at Cisco Systems, acquired 666 shares of common stock on September 16, 2024.
• The shares were obtained through a fully vested deferred restricted stock unit award.
• These units were granted in lieu of cash retainer fees and will settle in shares upon Tessel's separation from service.
• The acquisition price was $51.03 per share.
• Tessel now beneficially owns a total of 27,373 shares, including 1,602 dividend equivalents accrued on vested deferred restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction of a director acquiring shares, which can be seen as a sign of confidence. There is no negative information in the document.

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 the director's separation from service.

Industry Context

This is a routine filing related to stock-based compensation for a company director, which is common practice in the technology industry.

Comparison to Industry Standards

• Stock-based compensation is a common practice among technology companies like Cisco, used to align the interests of directors and executives with those of shareholders.
• Companies such as Apple, Microsoft, and Google also use similar methods of compensation, including restricted stock units and stock options, to attract and retain top talent.
• The vesting and settlement terms of these awards are generally consistent with industry standards, often tied to continued service or performance milestones.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

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