Form 4: Cisco Systems Executive Receives Deferred Stock Award

Kristina M. Johnson, a Cisco Systems executive, was granted a deferred restricted stock unit award that will settle upon her separation from service.

Summary

• Kristina M. Johnson, an executive at Cisco Systems, received a deferred restricted stock unit award.
• The award will settle in shares of Cisco common stock after her separation from service.
• The award includes 4,156 shares and 8,757 dividend equivalents.
• Each dividend equivalent is equal to one share of Cisco common stock.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of an executive stock award, which is generally neutral to positive for the company and the executive.

Industry Context

This type of stock award is a common practice in the technology industry to incentivize and retain key executives.

Comparison to Industry Standards

• Deferred stock unit awards are a standard form of executive compensation in the tech industry, often used by companies like Microsoft, Apple, and Google.
• These awards typically vest over a period of time or upon certain conditions, such as separation from service, which is consistent with industry practices.

Stakeholder Impact

• The stock award may have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.

Key Dates

Keywords

Cisco Systems, Stock Award, Deferred Stock Units, Executive Compensation, Equity Award