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Kevin Weil (CSCO) receives 251-share deferred stock award as Cisco director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider Weil Kevin
Role null
Type Security Shares Price Value
Grant/Award Common Stock 251 $120.17 $30K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 7,491.067 shares (Direct, null); Common Stock — 1,402.584 shares (Indirect, By Trust)
Footnotes (1)
  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 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.
Shares granted 251 shares Deferred restricted stock unit award to director Kevin Weil
Grant reference price $120.17 per share Price per share for the 251-share grant
Direct holdings after grant 7,491.067 shares Cisco common stock directly held by Kevin Weil after transaction
Indirect holdings after grant 1,402.584 shares Cisco common stock held indirectly by trust for Kevin Weil
Dividend equivalents included 103.067 units Dividend equivalents on vested deferred restricted stock units
deferred restricted stock unit award financial
"Represents a fully vested deferred restricted stock unit award covering shares in lieu of the reporting person's cash retainer fees"
dividend equivalents financial
"Includes 103.067 dividend equivalents accrued on vested deferred restricted stock units"
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.
economic equivalent financial
"Each dividend equivalent is the economic equivalent of one share of Cisco common stock"
Section 409A of the Internal Revenue Code regulatory
"separation from service to Cisco within the meaning of Section 409A of the Internal Revenue Code"
separation from service regulatory
"will settle in shares on, or as soon as practicable after, the reporting person's "separation from service" to Cisco"
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Form 4 Insider Transactions: What Each Field Means →
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*
Weil Kevin
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		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 Stock06/15/2026A251(1)A$120.177,491.067(2)D
Common Stock1,402.584IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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 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.
Remarks:
/s/ Kevin Weil by Jay Higdon, Attorney-in-Fact06/16/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Cisco (CSCO) director Kevin Weil report in this Form 4 filing?

Kevin Weil reported receiving 251 shares of Cisco common stock as a fully vested deferred restricted stock unit award. This equity grant is part of his director compensation and will settle in shares when he separates from service with Cisco under Section 409A rules.

Is Kevin Weil’s Cisco (CSCO) Form 4 transaction a stock purchase or sale?

The Form 4 shows a grant, not a market trade. Weil received 251 shares as a compensation-related award, rather than buying or selling shares on the open market. This is routine director pay using equity instead of cash retainer fees.

How many Cisco (CSCO) shares does Kevin Weil hold after this reported grant?

After the grant, Kevin Weil directly holds 7,491.067 Cisco shares and indirectly holds 1,402.584 shares through a trust. The direct total includes 103.067 dividend equivalents, which the filing states are economically equivalent to Cisco common stock shares.

What are the terms of Kevin Weil’s deferred restricted stock units at Cisco (CSCO)?

The filing describes a fully vested deferred restricted stock unit award that settles in Cisco shares upon Weil’s separation from service. The units replace cash retainer fees and are governed by Section 409A of the Internal Revenue Code, which regulates deferred compensation.

What does the Cisco (CSCO) Form 4 say about dividend equivalents on Kevin Weil’s units?

The filing notes that 103.067 dividend equivalents have accrued on vested deferred restricted stock units. Each dividend equivalent is described as the economic equivalent of one share of Cisco common stock, increasing the total number of shares credited to Weil’s direct holdings.

How is Kevin Weil’s indirect ownership in Cisco (CSCO) structured in this filing?

The Form 4 reports that 1,402.584 Cisco shares are held indirectly for Kevin Weil by a trust. This indirect position is separate from his direct holdings and is classified in the filing as ownership “By Trust,” indicating a trust structure associated with the director.