Cisco (NASDAQ: CSCO) director receives deferred stock unit retainer

Filing Impact

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Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cisco Systems director Kevin Weil received an equity award rather than cash fees. He acquired 383 fully vested deferred restricted stock units valued at $78.90 per share, which will settle in Cisco common shares after his separation from service. Following this award, he holds 7,206.362 shares directly and 1,402.584 shares indirectly through a trust. The holdings include 69.362 dividend equivalents on vested deferred units, each equal in value to one Cisco share.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Weil Kevin

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	383	$78.90	$30K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 7,206.362 shares (Direct); Common Stock — 1,402.584 shares (Indirect, By Trust)

Footnotes (1)

Represents a fully vested deferred restricted stock unit award covering shares in lieu of the reporting person's cash retainer fees which will settle in shares on, or as soon as practicable after, the reporting person's "separation from service" to Cisco within the meaning of Section 409A of the Internal Revenue Code. Includes 69.362 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

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Form 4 Insider Transactions: What Each Field Means →

03/17/2026 - 05:54 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Weil Kevin

(Last)

(First)

(Middle)

170 WEST TASMAN DRIVE

(Street)

SAN JOSE

95134

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CISCO SYSTEMS, INC. [ CSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/16/2026		A		383⁽¹⁾	A	$78.9	7,206.362⁽²⁾	D
Common Stock								1,402.584	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents a fully vested deferred restricted stock unit award covering shares in lieu of the reporting person's cash retainer fees which will settle in shares on, or as soon as practicable after, the reporting person's "separation from service" to Cisco within the meaning of Section 409A of the Internal Revenue Code.

2. Includes 69.362 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.

Remarks:

	/s/ Kevin Weil by Jeremy Erickson, Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Kevin Weil report at Cisco (CSCO)?

Kevin Weil reported receiving 383 fully vested deferred restricted stock units in lieu of cash retainer fees. These units are tied to Cisco common stock and will settle in shares after his separation from service from Cisco Systems, Inc.

How many Cisco (CSCO) shares does Kevin Weil hold after this Form 4?

After this award, Kevin Weil holds 7,206.362 Cisco shares directly and 1,402.584 shares indirectly through a trust. These totals include dividend equivalents that track Cisco stock value but settle in shares at a future separation event.

What is the nature of the stock award Kevin Weil received from Cisco (CSCO)?

The award is a fully vested deferred restricted stock unit grant covering 383 share equivalents in lieu of cash director fees. It will be settled in Cisco common shares on, or shortly after, his separation from service, consistent with Section 409A rules.

At what reference price was Kevin Weil’s Cisco (CSCO) stock unit grant recorded?

Kevin Weil’s deferred restricted stock unit grant was recorded at $78.90 per share. This figure reflects the grant-date value used for reporting the equity-based retainer, rather than a cash transaction in Cisco Systems stock on the open market.

What are the dividend equivalents mentioned in Kevin Weil’s Cisco (CSCO) filing?

The filing notes 69.362 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is economically equal to one Cisco common share and increases the number of share-equivalent units that will ultimately settle when service ends.