Kevin Weil (CSCO) receives 251-share deferred stock award as Cisco director
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 Trade Summary
Net Buyer: 251 shares
Net Buy
2 txns
Insider
Weil Kevin
Role
Director
| 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);
Common Stock — 1,402.584 shares (Indirect, By Trust)
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
Shares granted: 251 shares
Grant reference price: $120.17 per share
Direct holdings after grant: 7,491.067 shares
+2 more
5 metrics
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
Key Terms
deferred restricted stock unit award, dividend equivalents, economic equivalent, Section 409A of the Internal Revenue Code, +1 more
5 terms
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.