CSCO Form 4: 89,646 RSUs Granted to EVP & CFO Mark Patterson
Rhea-AI Filing Summary
Mark Patterson, listed as Executive Vice President and Chief Financial Officer of Cisco Systems, received a grant of 89,646 restricted stock units on 09/16/2025 at a reported price of $0. After the award, the filing shows beneficial ownership of 247,514.086 shares. The RSUs vest in installments: 34% vest on November 10, 2026 and 8.25% vest quarterly thereafter. The Form 4 was signed on behalf of Mr. Patterson by an attorney-in-fact on 09/18/2025. This filing discloses a routine equity award to an officer with a defined vesting schedule.
Positive
- 89,646 restricted stock units were granted to the reporting person on 09/16/2025
- Clear vesting schedule: 34% vest on November 10, 2026 and 8.25% vest quarterly thereafter
- Filing discloses beneficial ownership after the transaction as 247,514.086 shares
Negative
- None.
Insights
TL;DR: Officer granted 89,646 RSUs; standard vesting schedule, no cash consideration reported.
The filing documents a non‑derivative equity award to Cisco's EVP & CFO with no purchase price indicated, consistent with a restricted stock unit grant. The award increases the reporting person's beneficial holdings to 247,514.086 shares and vests 34% on a specified date followed by quarterly vesting of 8.25%. This appears to be a compensation-related equity grant rather than a market transaction, and the immediate disclosure meets Section 16 reporting requirements.
TL;DR: Routine executive RSU grant disclosed with clear vesting timetable and proper Section 16 reporting.
The Form 4 specifies the nature of the award as restricted stock units and provides a clear vesting schedule, which is important for assessing executive incentive alignment and timing of potential share issuance. The signature by an attorney-in-fact on 09/18/2025 indicates timely procedural completion of the filing. No additional governance concerns or deviations are apparent from the disclosed information alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 89,646 | $0.00 | -- |
Footnotes (1)
- [object Object]