[Form 4] CISCO SYSTEMS, INC. Insider Trading Activity
Thimaya K. Subaiya, Executive Vice President, Operations at Cisco (CSCO), received a restricted stock unit (RSU) award. The RSU grant covers 70,970 shares, granted on 09/16/2025, that vest in installments: 34% vests on November 10, 2026 and thereafter 8.25% vests quarterly. Following the award, the reporting person beneficially owns 228,978.632 shares, which include 2,909.916 dividend equivalents accrued on unvested RSUs (each dividend equivalent equals one share economically). The reported award has a $0 per-share acquisition price, consistent with typical equity-compensation grants.
Thimaya K. Subaiya, vicepresidente esecutivo delle Operazioni presso Cisco (CSCO), ha ricevuto una conferma di unità azionarie restritte (RSU). La concessione RSU copre 70.970 azioni, assegnate il 16/09/2025, che maturano a rate: il 34% matura il 10 novembre 2026 e, a partire da quel momento, l’8,25% matura trimestralmente. A seguito della concessione, la persona riportata detiene beneficialmente 228.978,632 azioni, tra cui 2.909,916 equivalenti di dividendi maturati su RSU non vestite (ogni equivalente di dividendo corrisponde economicamente a una azione). La concessione riportata ha un prezzo di acquisizione per azione pari a $0, in linea con le consuete assegnazioni di compensi azionari.
Thimaya K. Subaiya, vicepresidente ejecutivo de Operaciones de Cisco (CSCO), recibió una asignación de unidades de acciones restringidas (RSU). La concesión de RSU cubre 70.970 acciones, otorgadas el 16/09/2025, que se consolidan por etapas: el 34% vence el 10 de noviembre de 2026 y, a partir de entonces, el 8,25% vence trimestralmente. Tras la adjudicación, la persona reportada posee beneficiosamente 228.978,632 acciones, que incluyen 2.909,916 equivalentes de dividendos acumulados sobre RSU no adquiridas (cada equivalente de dividendo equivale a una acción económicamente). La adjudicación reportada tiene un precio de adquisición por acción de $0, acorde con las adjudicaciones de compensación en acciones habituales.
Thimaya K. Subaiya, Cisco의 운영 부사장은 제한 주식 단위(RSU) 보상을 받았습니다. RSU 부여는 70,970주를 포함하며 2025년 9월 16일에 부여되었고, 단계적으로 vesting됩니다: 2026년 11월 10일에 34%가 vest되고 이후에는 분기별로 8.25%가 vest됩니다. 보상 이후 보고자는 유리하게 228,978.632주를 소유하며, 미확정 RSU에 누적된 2,909.916주당 배당대등액을 포함합니다(각 배당대등액은 경제적으로 하나의 주식에 해당). 보고된 보상은 주당 매입가가 0달러로, 일반적인 주식 보상 수여와 일치합니다.
Thimaya K. Subaiya, directeur général adjoint des opérations chez Cisco (CSCO), a reçu une attribution d’unités d’actions restreintes (RSU). Cette attribution RSU couvre 70 970 actions, accordées le 16/09/2025, qui se solidarisent par étapes : 34% se libèrent le 10 novembre 2026 et, ensuite, 8,25% se libèrent trimestriellement. Suite à l’attribution, la personne déclarée détient bénéficiairement 228 978,632 actions, incluant 2 909,916 équivalents de dividendes acquis sur des RSU non libérées (chaque équivalent de dividende équivaut économiquement à une action). L’attribution déclarée a un prix d’acquisition par action de 0 $, conforme aux attributions de rémunération en actions usuelles.
Thimaya K. Subaiya, Executive Vice President Operations bei Cisco, erhielt eine Restricted Stock Unit (RSU)-Zuteilung. Die RSU-Zuteilung deckt 70.970 Aktien ab, am 16.09.2025 gewährt, die schrittweise vesten: 34% vesten am 10.11.2026 und danach 8,25% vierteljährlich. Nach der Zuteilung besitzt die meldende Person wirtschaftlich 228.978,632 Aktien, einschließlich 2.909,916 Dividendenäquivalente, die auf noch nicht vesteten RSUs auflaufen (je Dividendenäquivalent entspricht wirtschaftlich einer Aktie). Die gemeldete Zuteilung hat einen Erwerbspreis pro Aktie von 0 $, entsprechend den üblichen Aktienkompensationseigenheiten.
فائقة ثيميا ك. سوبيايا، نائب الرئيس التنفيذي للعمليات في سيسكو (CSCO)، تلقى منحة وحدات أسهم مقيدة (RSU). تغطي منحة RSU 70,970 سهماً، مُنحت في 16/09/2025، وتتم Vesting على دفعات: 34% تكتمل في 10 نوفمبر 2026، وبعد ذلك 8.25% تكتمل ربعيًا. بعد المنحة، أصبح الشخص المبلغ عنه يملك فعليًا 228,978.632 سهماً، بما في ذلك 2,909.916 مكافئات أرباح موزعة متراكمة على RSU غير المكتملة (كل مكافئ أرباح موزعة يعادل سهماً اقتصادياً). المنحة المبلغ عنها لها سعر اكتساب للسهم بقيمة 0 دولار، وهو متسق مع المنح التعويضية بالأسهم المعتادة.
Thimaya K. Subaiya，思科（Cisco）运营执行副总裁，收到了受限股票单位（RSU）奖励。该 RSU 授予覆盖 70,970 股，授予日期为 2025/09/16，将分期归属：首次在 2026/11/10 时归属 34%，此后按季度归属 8.25%。在授予后，报告人实际拥有 228,978.632 股，其中包括未归属 RSU 的已累计股息等价物 2,909.916 股（每个股息等价物在经济上等同于一股）。该奖励的每股取得价格为 0 美元，与典型的股票补偿授予一致。
- Material RSU grant: 70,970 restricted stock units awarded, creating a strong retention incentive
- Clear vesting schedule: 34% vests on 11/10/2026 with 8.25% vesting quarterly thereafter, aligning compensation with multi-year performance
- Economic enhancement: 2,909.916 dividend equivalents accrued on unvested RSUs, increasing recipient's economic exposure to company stock
- None.
Insights
TL;DR: A routine executive RSU grant with multi-year vesting, aligning the EVP with long-term shareholder value.
The award of 70,970 restricted stock units with a front-loaded 34% vesting tranche and subsequent quarterly 8.25% vesting is structured to retain and incentivize the executive through 2026 and beyond. Inclusion of 2,909.916 dividend equivalents increases the economic value of the award while maintaining typical equity-compensation mechanics. The grant price of $0 indicates these are standard RSUs rather than purchased shares or option exercises. For investors, this is a governance signal that management incentives are tied to future performance rather than immediate cash compensation.
TL;DR: Transaction is a non-cash equity grant; not an immediate dilution or liquidity event.
The Form 4 reports acquisition of RSUs, not open-market purchases or sales. Because RSUs convert to shares only upon vesting, there is no immediate market dilution from the grant date. The disclosed beneficial ownership of 228,978.632 shares provides transparency on the executive's stake, and the recorded dividend equivalents reflect customary economic adjustments on unvested awards. This filing appears routine and not materially impactful to near-term share supply or cash flows.
Thimaya K. Subaiya, vicepresidente esecutivo delle Operazioni presso Cisco (CSCO), ha ricevuto una conferma di unità azionarie restritte (RSU). La concessione RSU copre 70.970 azioni, assegnate il 16/09/2025, che maturano a rate: il 34% matura il 10 novembre 2026 e, a partire da quel momento, l’8,25% matura trimestralmente. A seguito della concessione, la persona riportata detiene beneficialmente 228.978,632 azioni, tra cui 2.909,916 equivalenti di dividendi maturati su RSU non vestite (ogni equivalente di dividendo corrisponde economicamente a una azione). La concessione riportata ha un prezzo di acquisizione per azione pari a $0, in linea con le consuete assegnazioni di compensi azionari.
Thimaya K. Subaiya, vicepresidente ejecutivo de Operaciones de Cisco (CSCO), recibió una asignación de unidades de acciones restringidas (RSU). La concesión de RSU cubre 70.970 acciones, otorgadas el 16/09/2025, que se consolidan por etapas: el 34% vence el 10 de noviembre de 2026 y, a partir de entonces, el 8,25% vence trimestralmente. Tras la adjudicación, la persona reportada posee beneficiosamente 228.978,632 acciones, que incluyen 2.909,916 equivalentes de dividendos acumulados sobre RSU no adquiridas (cada equivalente de dividendo equivale a una acción económicamente). La adjudicación reportada tiene un precio de adquisición por acción de $0, acorde con las adjudicaciones de compensación en acciones habituales.
Thimaya K. Subaiya, Cisco의 운영 부사장은 제한 주식 단위(RSU) 보상을 받았습니다. RSU 부여는 70,970주를 포함하며 2025년 9월 16일에 부여되었고, 단계적으로 vesting됩니다: 2026년 11월 10일에 34%가 vest되고 이후에는 분기별로 8.25%가 vest됩니다. 보상 이후 보고자는 유리하게 228,978.632주를 소유하며, 미확정 RSU에 누적된 2,909.916주당 배당대등액을 포함합니다(각 배당대등액은 경제적으로 하나의 주식에 해당). 보고된 보상은 주당 매입가가 0달러로, 일반적인 주식 보상 수여와 일치합니다.
Thimaya K. Subaiya, directeur général adjoint des opérations chez Cisco (CSCO), a reçu une attribution d’unités d’actions restreintes (RSU). Cette attribution RSU couvre 70 970 actions, accordées le 16/09/2025, qui se solidarisent par étapes : 34% se libèrent le 10 novembre 2026 et, ensuite, 8,25% se libèrent trimestriellement. Suite à l’attribution, la personne déclarée détient bénéficiairement 228 978,632 actions, incluant 2 909,916 équivalents de dividendes acquis sur des RSU non libérées (chaque équivalent de dividende équivaut économiquement à une action). L’attribution déclarée a un prix d’acquisition par action de 0 $, conforme aux attributions de rémunération en actions usuelles.
Thimaya K. Subaiya, Executive Vice President Operations bei Cisco, erhielt eine Restricted Stock Unit (RSU)-Zuteilung. Die RSU-Zuteilung deckt 70.970 Aktien ab, am 16.09.2025 gewährt, die schrittweise vesten: 34% vesten am 10.11.2026 und danach 8,25% vierteljährlich. Nach der Zuteilung besitzt die meldende Person wirtschaftlich 228.978,632 Aktien, einschließlich 2.909,916 Dividendenäquivalente, die auf noch nicht vesteten RSUs auflaufen (je Dividendenäquivalent entspricht wirtschaftlich einer Aktie). Die gemeldete Zuteilung hat einen Erwerbspreis pro Aktie von 0 $, entsprechend den üblichen Aktienkompensationseigenheiten.
FAQ
What did Thimaya K. Subaiya report on Form 4 for CSCO?
How do the RSUs vest for the CSCO grant?
How many shares does the reporting person beneficially own after the transaction?
Did the Form 4 report any cash paid for the shares?
Does this Form 4 indicate immediate dilution or open-market trading?
