Summary by Futu AI
Cisco Systems, Inc. filed a Form S-8 with the SEC on December 10, 2024, registering shares for the Deeper Insights AI Ltd. 2024 Equity Incentive Plan. The filing covers restricted stock units assumed by Cisco as part of an acquisition. The plan allows for the issuance of up to 936,000 shares of Cisco common stock, subject to adjustment.The plan provides for the grant of nonstatutory stock options and stock units to employees, directors, and consultants. Options have a maximum term of 10 years and minimum exercise price of 100% of fair market value. Stock units vest over 4 years unless otherwise specified. The plan will terminate 10 years after stockholder approval, unless terminated earlier by Cisco's board.In the event of a corporate transaction, outstanding awards may be assumed, substituted, or cancelled. The plan includes provisions for adjustments in the case of stock splits, dividends, and similar events to prevent dilution of participants' interests.
Comment(0)
Reason For Report