Mark Patterson reports RSU-heavy 169,789-share stake in Cisco (CSCO)
Rhea-AI Filing Summary
Mark Patterson, EVP and CFO of Cisco Systems, reported beneficial ownership of 169,789 shares of Cisco common stock. That total includes multiple restricted stock unit awards granted in 2021, 2022, 2023, 2024 and 2025 that vest in installments (initial cliffs of 25%–34% followed by quarterly vesting of 8.25%), indicating the majority of his stake is tied to multi-year compensation awards.
Positive
- Significant executive stake: Mr. Patterson beneficially owns 169,789 shares, aligning his interests with shareholders.
- Long-term alignment: Holdings are primarily restricted stock units with multi-year vesting, supporting retention and performance incentives.
Negative
- None.
Insights
TL;DR: Cisco's CFO holds 169,789 shares, largely in unvested RSUs, showing compensation linked to future performance.
The Form 3 discloses an executive stake concentrated in restricted stock units across five grants. These awards include initial larger vesting installments (25%–34%) followed by quarterly vesting at 8.25%, which phases incentive realization over multiple years. There are no derivative instruments reported, simplifying the ownership picture and reducing near-term option-driven dilution risks.
TL;DR: Substantial RSU-based holdings align the CFO with shareholders; disclosure is routine and non-eventful.
The filing documents clear alignment through multi-year RSU vesting schedules spanning grants from 2021 through 2025. The structure—initial cliff vesting then quarterly installments—is typical for executive compensation and supports retention. The single-reporting-person filing and absence of derivative holdings indicate a straightforward ownership profile without complex indirect arrangements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes: (i) the 3,201 remaining unvested shares of a restricted stock unit award originally granted with respect to 25,607 shares of common stock on September 20, 2021, which award vests in installments, with twenty five percent (25%) of the shares vesting on November 10, 2022 and six-and-one-quarter percent (6.25%) of the shares vesting quarterly thereafter; (ii) the 11,874 remaining unvested shares of a restricted stock unit award originally granted with respect to 71,960 shares of common stock on October 11, 2022, which award vests in installments, with thirty four percent (34%) of the shares vesting on November 10, 2023 and eight-and-one-quarter percent (8.25%) of the shares vesting quarterly thereafter; (Continued on Footnotes 2 and 3) (Continued from Footnote 1) (iii) the 26,307 remaining unvested shares of a restricted stock unit award originally granted with respect to 53,145 shares of common stock on September 21, 2023, which award vests in installments, with thirty four percent (34%) of the shares vesting on November 10, 2024 and eight-and-one-quarter percent (8.25%) of the shares vesting quarterly thereafter; (iv) a restricted stock unit award with respect to 80,049 shares of common stock, which award was granted on September 19, 2024 and which vests in installments, with thirty four percent (34%) of the shares vesting on November 10, 2025 and eight-and-one-quarter percent (8.25%) of the shares vesting quarterly thereafter; and (Continued on Footnote 3) (Continued from Footnotes 1 and 2) (v) a restricted stock unit award with respect to 47,832 shares of common stock, which award was granted on June 5, 2025 and which vests in installments, with thirty four percent (34%) of the shares vesting on June 10, 2026 and eight-and-one-quarter percent (8.25%) of the shares vesting quarterly thereafter.
