Form 4: Cisco Director Wesley Bush Reports Acquisition of Deferred Stock Units

Cisco Systems, Inc. Director Wesley G. Bush reported the acquisition of 580 shares of common stock through a deferred restricted stock unit award, valued at $65.51 per share, as part of his compensation.

Summary

• Wesley G. Bush, a Director of Cisco Systems, Inc. (CSCO), reported an acquisition of common stock.
• The transaction occurred on June 16, 2025.
• Mr. Bush acquired 580 shares of Cisco Common Stock at a price of $65.51 per share.
• This acquisition represents a fully vested deferred restricted stock unit (RSU) award, granted in lieu of cash retainer fees.
• The shares from this RSU award will settle upon Mr. Bush's 'separation from service' to Cisco.
• Following this transaction, Mr. Bush directly beneficially owns 49,068 shares of Cisco common stock.
• His direct beneficial ownership includes 4,508 dividend equivalents accrued on vested deferred RSUs, with each equivalent to one share of Cisco common stock.
• Additionally, Mr. Bush indirectly beneficially owns 10,000 shares through the Wesley G. Bush Rev. Trust.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if compensation-related, generally indicates alignment of interests with shareholders and confidence in the company's future. It's a routine, positive signal.

Positives

• Director Wesley G. Bush acquired 580 shares of Cisco common stock, indicating continued alignment of interests with shareholders.
• The acquisition is part of a fully vested deferred restricted stock unit award, reflecting a compensation structure that ties director remuneration to company equity performance.

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.

Industry Context

This Form 4 filing details an individual director's compensation-related equity acquisition, which is a standard practice in corporate governance across various industries, including the technology sector where Cisco operates. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The acquisition of 580 shares by Director Wesley G. Bush is a related party transaction, as it represents a fully vested deferred restricted stock unit award granted by Cisco Systems, Inc. in lieu of cash retainer fees. This is a standard form of director compensation.

Stakeholder Impact

• Shareholders: The acquisition of shares by a director aligns their interests with those of shareholders, potentially signaling confidence in the company's long-term performance.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific insider transaction report.

Next Steps

• The 580 shares acquired will settle upon Wesley G. Bush's "separation from service" to Cisco.

Key Dates

Keywords

Cisco Systems, CSCO, SEC Form 4, Insider Trading, Stock Acquisition, Director Compensation, Restricted Stock Units, Deferred Compensation, Wesley G. Bush