Form 4: Cisco Systems Executive Receives Stock Awards

Marianna Tessel, a Cisco Systems executive, received stock awards including vested shares and deferred restricted stock units.

Summary

• Marianna Tessel, an executive at Cisco Systems, received a stock award of 4,156 shares of common stock on December 9, 2024.
• This award is fully vested on the date of grant.
• Additionally, she received 576 shares of common stock as a deferred restricted stock unit award.
• This deferred award represents shares in lieu of cash retainer fees and will settle upon her separation from service.
• The 576 shares were valued at $58.95 per share.
• The stock award includes 1,795 dividend equivalents accrued on vested deferred restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively. There are no negative implications.

Positives

• The stock awards provide an incentive for the executive.
• The vesting of the stock award on the grant date is a positive for the executive.
• The dividend equivalents provide additional value to 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 technology sector, aligning their interests with those of shareholders.
• The vesting terms of the stock award are typical, with full vesting on the grant date.
• Deferred stock units in lieu of cash retainer fees are also a common practice for executive compensation.

Stakeholder Impact

• The stock awards align the executive's interests with those of shareholders.
• The awards are part of the company's overall compensation strategy.

Key Dates

Keywords

stock award, Cisco Systems, executive compensation, deferred stock units, vested shares, dividend equivalents