Cisco Systems Director Receives Stock Award in Lieu of Cash Retainer
CISCO SYSTEMS, INC.
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Filing Summary
### Insider Transaction Alert: CISCO SYSTEMS, INC. (NASDAQ: CSCO)
**Insider:** Marianna Tessel (Director)
**Transaction Date:** September 15, 2026
**Action:** Grant / Award (Code A)
- **Shares Acquired:** 274
- **Price Per Share:** $110.07
- **Total Value:** $30,159.18
- **Post-Transaction Holdings:** 37,830.572 shares
**Significance:** Low (Stock award granted in lieu of cash retainer fees)
Comprehensive Analysis
Executive Summary
On September 17, 2026, Cisco Systems, Inc. ($CSCO) filed a Form 4 on behalf of Director Marianna Tessel. The filing reports the acquisition of 274 shares of common stock on September 15, 2026, at a price of $110.07 per share, corresponding to an aggregate transaction value of $30,159.18.
Transaction Details
- Transaction Code:
A(Award / Grant) - Nature of Award: The transaction represents a fully vested grant of shares awarded in lieu of cash retainer fees for board service.
- Direct Holdings Following Transaction: 37,830.572 shares (including 2,938.572 dividend equivalents accrued on vested deferred restricted stock units).
Market Impact & Significance
This transaction is evaluated as Low significance. It reflects standard director compensation practice where board fees are accepted in equity rather than cash. Because it is not an open-market purchase or discretionary trade, it does not represent an incremental directional sentiment signal on company fundamentals.
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Important Disclaimer
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