Cisco (CSCO) CPO settles 256,057.745 PRSUs; tax at $71.07
Cisco Systems (CSCO) insider transaction: President and CPO Jeetendra I. Patel reported equity movements dated 11/10/2025.
Rhea-AI Filing Summary
Cisco Systems (CSCO) insider transaction: President and CPO Jeetendra I. Patel reported equity movements dated 11/10/2025. He acquired 256,057.745 shares of common stock at $0 via settlement of two performance-based RSU awards granted on October 11, 2022, including dividend equivalents.
To cover taxes from these settlements and partial settlement of previously reported RSU awards, 161,166.608 shares were withheld at $71.07. Following these transactions, he beneficially owns 445,004.332 shares directly, plus 200 shares held indirectly by a trust. The holdings include 650.209 dividend equivalents accrued on unvested RSUs, each economically equivalent to one Cisco share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 256,057.745 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 161,166.608 | $71.07 | $11.45M |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Represents settlement of two (2) performance-based restricted stock unit ("PRSU") awards granted on October 11, 2022 resulting from the satisfaction of performance metrics during the three-year performance period and dividend equivalents accrued on such awards.
- F2. Includes 650.209 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.
- F3. Represents shares withheld for payment of tax liability arising as a result of the settlement of the PRSU awards described in footnote 1, the partial settlement of four (4) restricted stock unit awards originally reported by the reporting person in a Form 3 filed with the Commission on May 20, 2025, and the settlement of dividend equivalents accrued on the PRSU awards described in footnote 1.
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