Cisco (CSCO) chief accounting officer receives 4,501-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fink Nichlas A reported acquisition or exercise transactions in this Form 4 filing.
Cisco Systems senior vice president and chief accounting officer Nichlas A. Fink received an equity grant of 4,501 shares of Cisco common stock in the form of restricted stock units. These units were granted at no cash cost to him and are part of his compensation.
The award vests over time, with thirty-four percent of the shares vesting on June 10, 2027, and 8.25% of the shares vesting quarterly after that date. Following this grant, Fink directly holds 34,305 shares of Cisco common stock, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fink Nichlas A
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,501 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 34,305 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,501 shares
Post-grant holdings: 34,305 shares
Initial vesting tranche: 34% of shares
+2 more
5 metrics
RSU grant size
4,501 shares
Restricted stock unit award to Nichlas A. Fink
Post-grant holdings
34,305 shares
Total Cisco common stock directly held after grant
Initial vesting tranche
34% of shares
Vests on June 10, 2027
Ongoing vesting rate
8.25% of shares
Vests quarterly after June 10, 2027
Grant price
$0.0000 per share
Non-cash restricted stock unit award
Key Terms
restricted stock unit, vests in installments, quarterly thereafter, Grant, award, or other acquisition, +1 more
5 terms
restricted stock unit financial
"Represents a restricted stock unit award that vests in installments"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vests in installments financial
"restricted stock unit award that vests in installments, with thirty-four percent"
quarterly thereafter financial
"and eight-and-one-quarter percent (8.25%) of the shares vesting quarterly thereafter"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Chief Accounting Officer financial
"officer_title: SVP, Chief Accounting Officer"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
FAQ
What did Cisco (CSCO) executive Nichlas Fink report in this Form 4?
Nichlas A. Fink reported receiving 4,501 Cisco common shares as a restricted stock unit grant. The award is part of his compensation and was granted at no cash cost, increasing his directly held stake to 34,305 shares after the transaction.
What is the vesting schedule of Nichlas Fink’s Cisco (CSCO) restricted stock units?
Fink’s 4,501 restricted stock units vest over time, with 34% of the shares vesting on June 10, 2027. After that date, 8.25% of the shares vest quarterly, creating a multi-year incentive tied to his continued service at Cisco.
Was the Cisco (CSCO) Form 4 transaction a market purchase or sale?
The Form 4 transaction was not a market purchase or sale. It was a grant of 4,501 restricted stock units at no cash cost, categorized as a grant or award acquisition, and represents routine equity compensation rather than open-market trading.