Cisco EVP covers taxes with 7.6K shares
Cisco Systems EVP of Operations Subaiya Thimaya K. reported a tax-withholding disposition of 7,629.478 shares of Cisco common stock at $96.57 per share.
Rhea-AI Filing Summary
Cisco Systems EVP of Operations Subaiya Thimaya K. reported a tax-withholding disposition of 7,629.478 shares of Cisco common stock at $96.57 per share. These shares were withheld to cover tax liabilities from the partial settlement of three restricted stock unit awards and related dividend equivalents, rather than sold in the open market. After this withholding, the executive directly holds 149,699.386 shares of Cisco common stock, including 3,461.954 dividend equivalents accrued on unvested restricted stock units, which are economically equivalent to common shares.
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Insider Trade Summary
Exercise Price or Tax Liability: 7,629.478 shares
Exercise Price or Tax Liability
1 txn
Insider
Subaiya Thimaya K.
Role
EVP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,629.478 | $96.57 | $737K |
Holdings After Transaction:
Common Stock — 149,699.386 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld for payment of tax liability arising as a result of partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on March 14, 2024 and in a Form 4 filed with the Commission on September 23, 2024, and the partial settlement of dividend equivalents accrued on a restricted stock unit award.
- F2. Includes 3,461.954 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: 7,629.478 shares
Price per share for withholding: $96.57 per share
Shares held after transaction: 149,699.386 shares
+1 more
4 metrics
Shares withheld for taxes
7,629.478 shares
Tax-withholding disposition on common stock
Price per share for withholding
$96.57 per share
Value used for tax-withholding shares
Shares held after transaction
149,699.386 shares
Direct Cisco common stock holdings post-transaction
Dividend equivalents on RSUs
3,461.954 equivalents
Accrued on unvested restricted stock units
Key Terms
restricted stock unit, dividend equivalents, tax-withholding disposition, Form 4
4 terms
restricted stock unit financial
"partial settlement of three (3) 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 3,461.954 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"originally reported by the reporting person in a Form 3 filed ... and in a Form 4 filed"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cisco (CSCO) report for EVP Subaiya Thimaya K.?
Cisco reported a tax-withholding disposition of 7,629.478 common shares for EVP Subaiya Thimaya K. The shares were withheld to cover taxes from restricted stock unit settlements, not sold on the open market.
Was the Cisco EVP’s Form 4 transaction an open-market sale of CSCO stock?
No, the transaction was not an open-market sale. Shares were withheld by Cisco to pay tax obligations arising from partial settlement of restricted stock unit awards and dividend equivalents, a common administrative step for equity compensation.
What are dividend equivalents mentioned in the Cisco EVP’s Form 4?
Dividend equivalents are credits mirroring dividends on unvested restricted stock units. In this case, 3,461.954 dividend equivalents accrued, each economically equal to one Cisco common share, and are included in the executive’s reported post-transaction holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
