Cisco Systems Director Kevin Weil Receives Deferred RSUs in Lieu of Cash Retainer

Executive Summary

On September 17, 2026, Cisco Systems, Inc. ($CSCO) filed a Form 4 detailing an equity grant to Director Kevin Weil. On September 15, 2026, Weil acquired 274 shares of Common Stock at an implied price of $110.07 per share, corresponding to an aggregate transaction value of approximately $30,159.18.

Transaction Details

• Nature of Acquisition: The transaction represents a fully vested deferred restricted stock unit (RSU) award granted in lieu of cash retainer fees for board service.
• Settlement Terms: Under Cisco's deferred compensation structure, the units will settle in actual shares on or shortly after Weil's separation from service pursuant to Section 409A of the Internal Revenue Code.
• Direct & Indirect Holdings: Following the transaction, Weil directly holds 7,793.107 shares (which includes 131.107 dividend equivalents accrued on vested deferred RSUs). Additionally, Weil maintains indirect ownership of 1,402.584 shares held via a trust.

Market & Trading Significance

This transaction carries Low informational significance for public equity investors. It does not represent an open-market purchase or discretionary insider buy, but rather an administrative conversion of standard director compensation into deferred equity.