Summary by Futu AI
Cisco Systems has filed a Form S-8 registration statement with the SEC on February 10, 2025, to register restricted stock units granted under the Threatology, Inc. 2025 Equity Incentive Plan. The plan was adopted on December 15, 2024, and allows for the issuance of up to 5 million shares of Cisco common stock.The plan provides for discretionary long-term incentive awards in the form of Nonstatutory Stock Options and Stock Units. Stock options will vest 20% after one year with the remaining balance vesting in 48 monthly installments, while Stock Units will vest 25% annually over four years. The term of options is set at 10 years from the grant date.