[Form 4] CISCO SYSTEMS, INC. Insider Trading Activity
Rhea-AI Filing Summary
Cisco Systems (CSCO) executive Mark Patterson, EVP and CFO, reported an automatic share withholding related to equity compensation. On 11/21/2025, 2,626 shares of Cisco common stock were withheld at a price of $76.1 per share to cover taxes due upon the early vesting of an equal number of restricted stock units when he became retirement eligible. Following this tax withholding, Patterson beneficially owned 206,270.684 shares directly, which includes 520.165 dividend equivalents on unvested restricted stock units, with each dividend equivalent economically equal to one share of Cisco common stock. This Form 4 reflects an administrative tax event rather than an open-market trade.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Cisco (CSCO) report for its EVP and CFO on this Form 4?
The Form 4 reports that EVP and CFO Mark Patterson had 2,626 shares of Cisco common stock withheld on 11/21/2025 to cover taxes associated with the early vesting of an equal number of restricted stock units when he became retirement eligible.
Was the Cisco (CSCO) insider transaction an open-market buy or sell?
No. The transaction was coded as "F," meaning shares were withheld by the issuer to pay taxes on vested equity awards, rather than being bought or sold in the open market.
How many Cisco (CSCO) shares does the EVP and CFO beneficially own after the reported transaction?
After the tax withholding transaction, Mark Patterson beneficially owned 206,270.684 shares of Cisco common stock directly.
What are the dividend equivalents mentioned in the Cisco (CSCO) Form 4?
The filing states that Patterson's holdings include 520.165 dividend equivalents accrued on unvested restricted stock units, with each dividend equivalent being the economic equivalent of one share of Cisco common stock.
Why were 2,626 Cisco (CSCO) shares withheld from the EVP and CFO?
The 2,626 shares were withheld to pay taxes due upon the early vesting of an equal number of restricted stock units when Mark Patterson became retirement eligible.
What is the role of the reporting person in Cisco (CSCO)?
The reporting person, Mark Patterson, is an officer of Cisco Systems, Inc., serving as Executive Vice President (EVP) and Chief Financial Officer (CFO).