Form 4: Cisco Director Mark Garrett Receives Stock Award
Insider Transaction Report
Cisco Systems Director Mark Garrett was granted 3,481 shares of common stock, fully vested upon grant, increasing his direct beneficial ownership.
Summary
- Mark Garrett, a Director of Cisco Systems, Inc. (CSCO), acquired 3,481 shares of common stock.
- The transaction occurred on December 16, 2025.
- The shares were acquired as a stock award with a price of $0, indicating a grant.
- The award was fully vested on the date of grant.
- Following this transaction, Mark Garrett directly owns 3,481 shares and indirectly owns 36,928 shares through the Garrett Living Trust.
Sentiment
Score: 6
Explanation: The filing reports a routine stock award to a director, which is a positive for aligning management interests with shareholders, but it is not a significant event impacting company fundamentals.
Positives
- Director Mark Garrett received a stock award of 3,481 shares, aligning his interests with shareholders.
- The shares were fully vested on the date of grant, providing immediate ownership.
Negatives
- No negative information is presented in this Form 4 filing.
Risks
- This Form 4 filing does not detail specific risks to the company or its operations.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance.
Industry Context
Stock awards to directors are a common practice in the technology industry and publicly traded companies to incentivize leadership and align their interests with long-term shareholder value. This transaction is consistent with typical corporate governance practices for director compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Mark Garrett granted a Power of Attorney to R. Scott Herren, Maria Victoria Wong, Deborah L. Stahlkopf, Evan Sloves, Jay Higdon, and Jeremy Erickson to execute and file Section 16 reports (Forms ID, 3, 4, or 5) on his behalf for transactions in Cisco securities. | 12/13/2024 | Streamlines the process for filing required insider trading reports for the director, ensuring timely compliance with SEC regulations. |
Related Party Transactions
- This filing details an insider transaction (stock award to a director), which is a form of related party dealing, but it is a standard compensation practice.
Stakeholder Impact
- Shareholders: Potentially positive, as the director's increased direct ownership aligns his interests with shareholder value.
- Employees: No direct impact mentioned.
- Customers: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
- Creditors: No direct impact mentioned.
Next Steps
- No specific future actions, events, or milestones are mentioned in this filing.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | Date Power of Attorney was executed by Mark Garrett. |
| 12/16/2025 | Date of stock award transaction for 3,481 shares of common stock. |
| 12/18/2025 | Date the Form 4 was signed by Attorney-in-Fact Jay Higdon. |
Keywords
Cisco Systems, CSCO, Mark Garrett, Director, Stock Award, Insider Transaction, Form 4, Equity Grant, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.