Cisco Director Receives Deferred Stock Award in Lieu of Cash Fees

Cisco Systems Inc., (CSCO) director Kevin Weil has received a deferred stock award in lieu of cash fees. According to a recent SEC filing, on September 15, 2026, Weil was granted 274 shares of Cisco common stock as a fully vested deferred restricted stock unit award. This award is valued at $110.07 per share and will settle in shares upon or as soon as practicable after his separation from service to the company under Section 409A of the Internal Revenue Code.

Weil's direct holdings now total 7,793.107 Cisco common shares, including 131.107 dividend equivalents accrued on vested deferred restricted stock units. His indirect holdings through a trust amount to 1,402.584 shares. The award is in lieu of cash retainer fees and will provide Weil with economic benefits equivalent to owning the shares without transferring actual shares.

The filing notes that the deferred restricted stock unit grant is subject to Section 409A of the Internal Revenue Code, which governs non-qualified deferred compensation plans. This ensures that the award complies with tax regulations and aligns with shareholder interests.