CSCO Form 4: Kevin Weil Receives 407 Shares at $67.02 Under Deferred RSUs
Rhea-AI Filing Summary
Insider acquisition of Cisco common stock via vested deferred RSUs: Director Kevin Weil reported an acquisition on 09/15/2025 of 407 shares tied to fully vested deferred restricted stock units granted in lieu of his cash retainer, at an attributable price of $67.02 per share. The filing states these awards will settle in shares on, or soon after, the reporting person's separation from service under Section 409A. After the reported transaction, Mr. Weil beneficially owned 2,897.794 shares directly (which includes 14.794 dividend equivalents) and 1,402.584 shares indirectly through a trust. The Form 4 was signed on 09/17/2025 by an attorney-in-fact.
Positive
- Director aligned with shareholders via conversion of cash retainer into equity (407 shares acquired)
- Full disclosure of vesting/settlement terms under Section 409A and inclusion of dividend equivalents (14.794)
Negative
- None.
Insights
TL;DR: Routine director compensation converted to equity; modest increase in direct holdings, no sale or lending activity reported.
The transaction reflects a common practice of converting cash retainer fees into deferred restricted stock units that vest and settle in shares. The acquisition of 407 shares at an attributable price of $67.02 modestly increases the director's direct stake to 2,897.794 shares, including 14.794 dividend equivalents. This is a non-cash, compensation-driven acquisition rather than an open-market purchase, and the units settle upon separation under Section 409A constraints. For investors, this is a routine governance/compensation disclosure with limited immediate market impact.
TL;DR: Standard director equity compensation; terms and settlement timing disclosed, no governance concerns evident from the filing.
The filing clearly states the award is a fully vested deferred restricted stock unit granted in lieu of cash retainer fees and subject to settlement upon separation from service. Inclusion of dividend equivalents is disclosed (14.794 shares). Beneficial ownership is split between direct and indirect holdings via a trust, and there are no dispositions, derivative positions, or unusual encumbrances reported. This is a routine disclosure consistent with director compensation practices and does not by itself indicate material governance or control changes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 407 | $67.02 | $27K |
| holding | Common Stock | -- | -- | -- |
Footnotes (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 14.794 dividend equivalents accrued on vested deferred restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
