Cisco CEO reports tax withholding of company shares
Cisco Systems Chair and CEO Charles Robbins reported a tax-related share disposition.
Rhea-AI Filing Summary
Cisco Systems Chair and CEO Charles Robbins reported a tax-related share disposition. On the reported date, 15,746.594 shares of Cisco common stock were withheld at $96.57 per share to cover tax liabilities from the partial settlement of two restricted stock unit awards and related dividend equivalents.
These withheld shares were not an open-market sale but a payment of tax obligations using shares that had vested. After this withholding, Robbins directly owned 658,484.886 shares of Cisco common stock, indicating he continues to hold a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 15,746.594 shares
Exercise Price or Tax Liability
1 txn
Insider
Robbins Charles
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 15,746.594 | $96.57 | $1.52M |
Holdings After Transaction:
Common Stock — 658,484.886 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes 51,685.291 dividend equivalents accrued on vested deferred restricted stock units and 10,414.655 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: 15,746.594 shares
Withholding share value: $96.57 per share
Shares held after transaction: 658,484.886 shares
+3 more
6 metrics
Shares withheld for taxes
15,746.594 shares
Tax-withholding disposition from RSU settlements
Withholding share value
$96.57 per share
Value used for withheld Cisco common stock
Shares held after transaction
658,484.886 shares
Direct Cisco holdings following tax withholding
Tax-withholding transactions
1 transaction, 15,746.594 shares
Aggregate tax withholding in this Form 4
Dividend equivalents on vested deferred RSUs
51,685.291 equivalents
Each equivalent is economically one Cisco share
Dividend equivalents on unvested RSUs
10,414.655 equivalents
Economically equivalent to Cisco shares
Key Terms
restricted stock unit awards, dividend equivalents, vested deferred restricted stock units, unvested restricted stock units, +1 more
5 terms
restricted stock unit awards financial
"partial settlement of two (2) restricted stock unit awards originally reported"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
dividend equivalents financial
"partial settlement of dividend equivalents accrued on the restricted stock unit awards"
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.
vested deferred restricted stock units financial
"Includes 51,685.291 dividend equivalents accrued on vested deferred restricted stock units"
unvested restricted stock units financial
"and 10,414.655 dividend equivalents accrued on unvested restricted stock units"
Form 4 regulatory
"originally reported by the reporting person in Forms 4 filed with the Commission"
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 did Cisco (CSCO) CEO Charles Robbins report in this Form 4?
Charles Robbins reported a tax-withholding disposition of Cisco shares. 15,746.594 shares were withheld to pay taxes tied to vesting restricted stock units, rather than sold on the open market, and he continues to hold a large remaining share position.
Was Charles Robbins’ Cisco (CSCO) Form 4 transaction an open-market stock sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Cisco to pay taxes due on the partial settlement of restricted stock unit awards and dividend equivalents, a routine administrative step for equity compensation.
What are dividend equivalents mentioned in Charles Robbins’ Cisco (CSCO) filing?
Dividend equivalents are credits that mirror dividends on restricted stock units, each equal to one Cisco share economically. The filing notes 51,685.291 equivalents on vested deferred units and 10,414.655 on unvested units, which factored into the tax liability settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
