Form 4: Cisco Systems Executive Schulman Receives Deferred Stock Award

Daniel H. Schulman, a Cisco Systems executive, was granted a deferred restricted stock unit award that will vest upon his separation from service.

Summary

• Daniel H. Schulman, an executive at Cisco Systems, received a deferred restricted stock unit award.
• The award covers 4,156 shares of Cisco common stock.
• The shares will be settled upon or soon after Schulman's separation from service, as defined by Section 409A of the Internal Revenue Code.
• The award includes 185 dividend equivalents, each equivalent to one share of Cisco common stock.

Sentiment

Score: 7

Explanation: The document describes a standard executive compensation practice, which is generally viewed neutrally to positively. The sentiment is not overly positive or negative.

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 compensation for executives at large technology companies like Cisco, similar to practices at companies such as Microsoft, Apple, and Intel.
• These awards typically vest over a period of time or upon specific events, such as separation from service, aligning with industry norms for executive compensation.

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, Daniel H. Schulman, vesting