Cisco Systems (NASDAQ: CSCO) CPO reports 9,400-share tax withholding for RSU settlement
Rhea-AI Filing Summary
Cisco Systems, Inc. executive Jeetendra I. Patel, President and CPO, reported a Form 4 showing that on August 10, 2026, 9,400.369 shares of Cisco common stock were withheld to pay tax liability arising from the partial settlement of two restricted stock unit awards. After this tax-withholding transaction, Patel held 237,763.244 shares directly, plus 200 shares indirectly through a trust. The direct holdings figure includes 2,233.572 dividend equivalents on unvested restricted stock units, each equivalent to one share of Cisco common stock.
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Insights
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Insider Trade Summary
Net Seller: 9,400.369 shares
Net Sell
2 txns
Insider
Patel Jeetendra I
Role
President and CPO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 9,400.369 | $121.43 | $1.14M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 237,763.244 shares (Direct);
Common Stock — 200 shares (Indirect, By Trust)
Footnotes (2)
- F1. Represents shares withheld for payment of tax liability arising as a result the partial settlement of two (2) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on May 20, 2025.
- F2. Includes 2,233.572 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
Key Figures
Shares withheld for taxes: 9,400.369 shares
Tax-withholding price: $121.43 per share
Direct holdings after transaction: 237,763.244 shares
+2 more
5 metrics
Shares withheld for taxes
9,400.369 shares
Withheld on August 10, 2026 for tax liability on partial RSU settlement
Tax-withholding price
$121.43 per share
Value assigned to Cisco common stock for the August 10, 2026 withholding
Direct holdings after transaction
237,763.244 shares
Cisco common stock directly owned by Jeetendra I. Patel after August 10, 2026
Indirect holdings after transaction
200 shares
Cisco shares held indirectly by trust following the reported transaction
Dividend equivalents
2,233.572 equivalents
Accrued on unvested RSUs; each equivalent equals one Cisco common share
Key Terms
restricted stock unit, dividend equivalents, withheld for payment of tax liability, indirect
4 terms
restricted stock unit financial
"partial settlement of two restricted stock unit awards originally reported"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend equivalents financial
"Includes 2,233.572 dividend equivalents accrued on unvested restricted stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
withheld for payment of tax liability financial
"Represents shares withheld for payment of tax liability arising as a result"
indirect financial
"200.0000 shares reported as indirect ownership By Trust"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Cisco (CSCO) executive Jeetendra Patel report in this Form 4?
Jeetendra I. Patel reported that 9,400.369 Cisco shares were withheld on August 10, 2026 to pay tax liability from the partial settlement of two restricted stock unit awards, with updated direct and indirect share holdings disclosed.
Was the Cisco (CSCO) Form 4 transaction a sale by Jeetendra Patel?
The Form 4 reports shares withheld for tax liability, not an open-market sale. On August 10, 2026, 9,400.369 shares were withheld in connection with RSU settlement to satisfy taxes, while Patel retained substantial direct and indirect Cisco share holdings.
What are the dividend equivalents mentioned in Cisco (CSCO) executive Jeetendra Patel’s holdings?
Patel’s direct holdings include 2,233.572 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is described as the economic equivalent of one Cisco common share, effectively tracking dividends that would have been paid on the underlying RSUs.