Tessel Marianna 4

What Happened
Tessel Marianna, a director of Cisco Systems, was granted 383 shares on 2026-03-16 at an effective value of $78.90 per share, totaling $30,219. This was an award/acquisition (not an open-market purchase or sale) and the shares were fully vested on the grant date.

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-17 (appears timely).
• Award: 383 shares at $78.90 per share; total value reported $30,219.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes:
  • F1: The award represents shares issued in lieu of the reporting person's cash retainer fees and is fully vested on the grant date.
  • F2: Filing also notes 2,693.538 dividend equivalents accrued on vested deferred restricted stock units (each dividend equivalent equals one share economically).
• Transaction code: A = Award/Acquisition.

Context
This was a compensation-related stock award (shares issued instead of cash compensation) and not a market purchase or sale. Because the shares were fully vested at grant, there is no future vesting schedule tied to this award; such grants are routine forms of director compensation and should not be interpreted on their own as a buy/sell signal.