Cisco (CSCO) CEO Charles Robbins reports tax withholding of shares on RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cisco Systems Chair and CEO Charles Robbins reported a tax-related share withholding transaction. On 02/10/2026, 11,381.209 shares of Cisco common stock were disposed of at $86.78 per share to cover tax liabilities tied to the partial settlement of two restricted stock unit awards and related dividend equivalents.
After this transaction, Robbins directly beneficially owned 690,640.2 shares of Cisco common stock. This event reflects tax-withholding associated with equity compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Robbins Charles
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 11,381.209 | $86.78 | $988K |
Holdings After Transaction:
Common Stock — 690,640.2 shares (Direct)
Footnotes (1)
- Represents shares withheld for payment of tax liability arising as a result of the partial settlement of two (2) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 25, 2023 and September 23, 2024, and the partial settlement of dividend equivalents accrued on the restricted stock unit awards. Includes 50,313.446 dividend equivalents accrued on vested deferred restricted stock units and 10,763.168 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
FAQ
What insider transaction did Cisco (CSCO) report for Charles Robbins?
Cisco reported a tax-related share disposal by Charles Robbins. 11,381.209 common shares were withheld on 02/10/2026 to satisfy tax liabilities from settling restricted stock unit awards and related dividend equivalents.
Was the Charles Robbins Form 4 for Cisco (CSCO) an open-market stock sale?
No, the Form 4 transaction was not an open-market sale. Shares were withheld to pay taxes arising from partial settlement of restricted stock units and associated dividend equivalents, as permitted under equity compensation plans.
What does transaction code "F" mean in the Cisco (CSCO) Form 4 filing?
Transaction code “F” indicates shares were used to pay exercise price or tax liability. In this Cisco filing, shares were withheld to satisfy tax obligations from settling restricted stock unit awards and related dividend equivalents, not sold in the market.
What equity awards triggered the tax withholding in the Cisco (CSCO) Form 4?
The tax withholding stemmed from partial settlement of two restricted stock unit awards and related dividend equivalents. These awards were originally reported in Forms 4 filed on September 25, 2023, and September 23, 2024, for Charles Robbins.
What are dividend equivalents mentioned in the Cisco (CSCO) Form 4 footnotes?
Dividend equivalents are credits mirroring dividends on stock underlying restricted units. The filing notes 50,313.446 equivalents on vested deferred restricted stock units and 10,763.168 on unvested units, each economically equal to one Cisco common share.