Cisco (CSCO) SVP Maria Wong sees 1,268 shares withheld for RSU tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cisco Systems SVP & Chief Accounting Officer Maria Victoria Wong reported a tax-related share disposition. On the reported date, 1,268.069 shares of Cisco common stock were withheld at a price of $96.57 per share to cover tax liabilities from the partial settlement of three previously granted restricted stock unit awards. Following this tax-withholding transaction, she directly holds 26,688.674 shares of Cisco common stock. This event reflects routine tax settlement associated with equity compensation rather than an open-market stock sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wong Maria Victoria
Role
SVP & Chief Acctg Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,268.069 | $96.57 | $122K |
Holdings After Transaction:
Common Stock — 26,688.674 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,268.069 shares
Withholding price per share: $96.57 per share
Shares held after transaction: 26,688.674 shares
+1 more
4 metrics
Shares withheld for taxes
1,268.069 shares
Tax-withholding disposition on common stock
Withholding price per share
$96.57 per share
Price used for tax-withholding calculation
Shares held after transaction
26,688.674 shares
Direct holdings following tax withholding
Tax-withholding transactions
1 transaction, 1,268.069 shares
Summary of Form 4 tax-withholding activity
Key Terms
tax-withholding disposition, restricted stock unit, Form 3, Forms 4, +1 more
5 terms
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.
restricted stock unit financial
"partial settlement of three (3) restricted stock unit awards"
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.
Form 3 regulatory
"originally reported by the reporting person in a Form 3 filed"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Forms 4 regulatory
"and in Forms 4 filed with the Commission on September 25, 2023"
A Form 4 is a regulatory filing that company insiders—such as executives, directors, or large shareholders—must file to report purchases, sales, or other changes in their ownership of the company’s stock. Think of it as a public receipt or scoreboard showing when people closest to the company trade its shares; investors use it to gauge insiders’ confidence, spot potential conflicts of interest, or detect unusual trading activity that might influence investment decisions.
tax liability financial
"shares withheld for payment of tax liability arising as a result"
FAQ
What insider transaction did Cisco (CSCO) disclose for Maria Victoria Wong?
Cisco reported that SVP & Chief Accounting Officer Maria Victoria Wong had 1,268.069 shares withheld to cover tax liabilities. The withholding was tied to partial settlement of three restricted stock unit awards previously reported in earlier Forms 3 and 4.
Was the Cisco (CSCO) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld by Cisco to pay tax liabilities arising from partial settlement of restricted stock units, a common mechanism for handling equity award taxes.