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Cisco CFO granted 92,817 restricted stock units

Cisco’s EVP and CFO received a sizable restricted stock unit award that vests over time, increasing his direct equity stake in CSCO.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CISCO SYSTEMS, INC. (symbol: CSCO) is the issuer of record for a Form 4 filing submitted to the SEC. Patterson Mark reported acquisition or exercise transactions in this Form 4 filing.

CISCO SYSTEMS, INC. (CSCO) reported that EVP and CFO Mark Patterson received a grant of 92,817 shares of common stock in the form of a restricted stock unit award on September 16, 2026. The award vests in installments, with 34% vesting on November 10, 2027 and 8.25% vesting quarterly thereafter. Following this award, Patterson directly holds 258,595.426 shares, including 1,786.851 dividend equivalents accrued on unvested restricted stock units. No Rule 10b5-1 trading plan is reported for this grant.

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Insider Patterson Mark
Role EVP and CFO
Type Security Shares Price Value
Grant/Award Common Stock F1, F2 92,817 $0.00 $0.00
Holdings After Transaction: Common Stock — 258,595.426 shares (Direct)
Footnotes (2)
  1. F1. Represents a restricted stock unit award that vests in installments, with thirty-four percent (34%) of the shares vesting on November 10, 2027 and eight-and-one-quarter percent (8.25%) of the shares vesting quarterly thereafter.
  2. F2. Includes 1,786.851 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
Restricted stock units granted 92,817 shares Award to EVP and CFO Mark Patterson on September 16, 2026
Vesting on November 10, 2027 34% of award Portion of RSU award vesting on initial vesting date
Subsequent quarterly vesting 8.25% of award per quarter Ongoing vesting rate after November 10, 2027
Shares held after transaction 258,595.426 shares Direct holdings of Cisco common stock by the CFO after award
Dividend equivalents included 1,786.851 shares Dividend equivalents accrued on unvested RSUs, economically equivalent to shares
Price per share for award $0.00 per share Equity compensation grant with no cash consideration reported
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.
dividend equivalents financial
"Includes 1,786.851 dividend equivalents accrued on unvested restricted"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for this grant"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cisco (CSCO) disclose about EVP and CFO Mark Patterson’s new equity grant?

Cisco disclosed that EVP and CFO Mark Patterson received a restricted stock unit award of 92,817 shares of common stock on September 16, 2026, which vests over time and increases his direct holdings in Cisco stock.

How many CSCO shares were granted to the Cisco CFO in this Form 4?

The Cisco CFO, Mark Patterson, was granted 92,817 shares of Cisco common stock in the form of a restricted stock unit award reported as acquired for no cash consideration on September 16, 2026.

What is the vesting schedule for the Cisco (CSCO) CFO’s restricted stock units?

The restricted stock unit award vests in installments, with 34% of the shares vesting on November 10, 2027 and 8.25% of the shares vesting quarterly thereafter, as long as vesting conditions are met.

What are the Cisco CFO’s total CSCO share holdings after this Form 4 transaction?

After the reported award, the Cisco CFO directly holds 258,595.426 shares of Cisco common stock, which includes 1,786.851 dividend equivalents accrued on unvested restricted stock units.

Were any Rule 10b5-1 trading plans involved in this CSCO Form 4 filing?

No. The filing indicates that no Rule 10b5-1 trading plan was reported in connection with this restricted stock unit award for Cisco’s EVP and CFO.

Did the Cisco (CSCO) Form 4 report any stock sales by the CFO?

No. The Form 4 reports only an acquisition of 92,817 shares through a restricted stock unit award and no sales or dispositions of Cisco common stock by the CFO in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Patterson Mark

(Last)(First)(Middle)
170 WEST TASMAN DRIVE

(Street)
SAN JOSE CALIFORNIA 95134

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CISCO SYSTEMS, INC. [ CSCO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP and CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock09/16/2026A92,817(1)A$0258,595.426(2)D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents a restricted stock unit award that vests in installments, with thirty-four percent (34%) of the shares vesting on November 10, 2027 and eight-and-one-quarter percent (8.25%) of the shares vesting quarterly thereafter.
2. Includes 1,786.851 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
Remarks:
/s/ Mark Patterson by Jeremy Erickson, Attorney-in-Fact09/18/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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