Cisco Systems (CSCO) CPO reports RSU tax withholding transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cisco Systems President and CPO Jeetendra I. Patel reported an automatic share disposition related to equity compensation. On February 10, 2026, 7,711.705 shares of Cisco common stock at $86.78 per share were withheld to cover tax liabilities from the partial settlement of two restricted stock unit awards.
After this tax-withholding transaction, Patel directly beneficially owned 274,023.718 shares of Cisco common stock, which include 1,277.300 dividend equivalents tied to unvested restricted stock units. He also indirectly held 200 shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Patel Jeetendra I
Role
President and CPO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,711.705 | $86.78 | $669K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 274,023.718 shares (Direct);
Common Stock — 200 shares (Indirect, By Trust)
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 a Form 3 filed with the Commission on May 20, 2025. Includes 1,277.300 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 Systems (CSCO) report for Jeetendra I. Patel?
Jeetendra I. Patel reported an automatic share disposition tied to equity compensation. On February 10, 2026, 7,711.705 Cisco common shares were withheld to satisfy tax liabilities from the partial settlement of two previously granted restricted stock unit awards.
What do the dividend equivalents in Patel’s Cisco (CSCO) holdings represent?
Patel’s direct holdings include 1,277.300 dividend equivalents on unvested restricted stock units. Each dividend equivalent is described as the economic equivalent of one Cisco common share, effectively tracking the value of regular dividends on those unvested units.
Was Jeetendra I. Patel’s Cisco (CSCO) Form 4 transaction an open-market sale?
The Form 4 describes the transaction under code F, which is for paying tax liabilities by delivering shares. The footnote explains the shares were withheld to cover taxes from restricted stock unit settlements, rather than executed as a regular open-market sale.
How are Jeetendra I. Patel’s indirect Cisco (CSCO) holdings structured?
The filing reports 200 Cisco common shares held indirectly by trust. This is listed separately from his direct ownership, indicating those shares are beneficially owned through a trust arrangement rather than in his individual name.