Form 4: Cisco Systems Executive Mark Garrett Reports Stock Award
Executive Stock Award Filing
Cisco Systems executive Mark Garrett received a stock award of 4,156 shares, fully vested on the grant date.
Summary
- Mark Garrett, an executive at Cisco Systems, received a stock award of 4,156 shares of common stock.
- The stock award was fully vested on the date of the grant, which was December 9, 2024.
- The transaction was reported on December 11, 2024.
Sentiment
Score: 7
Explanation: The document reports a routine executive stock award, which is generally positive for the recipient and expected for the company. It does not indicate any significant positive or negative impact on the company's overall performance.
Positives
- The stock award represents a form of compensation for the executive.
Industry Context
Stock awards are a common form of executive compensation in the technology industry.
Comparison to Industry Standards
- Stock awards are a standard practice for compensating executives in the tech industry, aligning their interests with those of shareholders.
- The size of the award is not specified in relation to other executive compensation packages at Cisco or comparable companies.
Stakeholder Impact
- The stock award has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 2024-12-09 | Date of the stock award grant and vesting. |
| 2024-12-11 | Date the transaction was reported. |
Keywords
stock award, Cisco Systems, executive compensation, common stock, vested shares
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