Cisco director Kevin Weil granted 251 shares
Weil Kevin reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Weil Kevin reported acquisition or exercise transactions in this Form 4 filing.
Cisco Systems director Kevin Weil received a grant of 251 shares of common stock as a fully vested deferred restricted stock unit award valued at $120.17 per share. This award is in lieu of cash retainer fees and will settle in shares when he separates from service with Cisco under Section 409A rules.
After this grant, Weil directly holds 7,491.067 Cisco shares and indirectly holds 1,402.584 shares through a trust. The direct holdings figure includes 103.067 dividend equivalents, each economically equivalent to one share of Cisco common stock. The filing reflects routine equity-based director compensation rather than an open-market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 251 | $120.17 | $30K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. Includes 103.067 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
Key Figures
Key Terms
deferred restricted stock unit award financial
dividend equivalents financial
economic equivalent financial
Section 409A of the Internal Revenue Code regulatory
separation from service regulatory
FAQ
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What did Cisco (CSCO) director Kevin Weil report in this Form 4 filing?
Is Kevin Weil’s Cisco (CSCO) Form 4 transaction a stock purchase or sale?
What are the terms of Kevin Weil’s deferred restricted stock units at Cisco (CSCO)?
What does the Cisco (CSCO) Form 4 say about dividend equivalents on Kevin Weil’s units?
How is Kevin Weil’s indirect ownership in Cisco (CSCO) structured in this filing?
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