Cisco director receives 2,333-share stock award
Cisco Systems director Peter A. Shimer reported receiving an equity award tied to Cisco common stock.
Rhea-AI Filing Summary
Cisco Systems director Peter A. Shimer reported receiving an equity award tied to Cisco common stock. He acquired 2,333 shares through a fully vested deferred restricted stock unit grant at a price of $0.00 per share, bringing his directly owned shares reported in this filing to 2,333.
The award is structured to settle in Cisco shares on, or as soon as practicable after, his “separation from service” with Cisco, consistent with Section 409A of the Internal Revenue Code. This is a compensation-related grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,333 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a fully vested deferred restricted stock unit award covering shares 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.
Key Figures
Key Terms
deferred restricted stock unit financial
separation from service regulatory
Section 409A of the Internal Revenue Code regulatory
FAQ
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What did Cisco (CSCO) director Peter A. Shimer report in this Form 4 filing?
Is the Cisco (CSCO) Form 4 transaction a stock purchase or a compensation grant?
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