Summary by Moomoo AI
On December 9, 2024, Michael D. Capellas, a director at Cisco, acquired 4,156 shares of common stock at $0 per share through a grant. This transaction was reported as completed.Following the acquisition, Capellas' direct ownership in Cisco increased to 169,887 shares. The grant was classified as an "award or other acquisition" according to the transaction code provided in the filing.This stock award appears to be part of Cisco's director compensation program, as it was granted at no cost to the recipient. Such grants are typically used to align the interests of board members with those of shareholders.
