Cisco president has shares withheld for taxes
Cisco Systems, Inc. President and CPO Jeetendra I. Patel reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Cisco Systems, Inc. President and CPO Jeetendra I. Patel reported routine equity compensation activity. Cisco withheld 9,399.377 shares of common stock at $96.57 per share to cover tax liability from the partial settlement of two restricted stock unit awards. After this tax-withholding disposition, Patel directly holds 253,906.417 shares of Cisco common stock, with an additional 200 shares held indirectly by a trust.
Insider Trade Summary
Exercise Price or Tax Liability: 9,399.377 shares
Exercise Price or Tax Liability
2 txns
Insider
Patel Jeetendra I
Role
President and CPO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,399.377 | $96.57 | $908K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 253,906.417 shares (Direct);
Common Stock — 200 shares (Indirect, By Trust)
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 a Form 3 filed with the Commission on May 20, 2025.
- F2. Includes 1,807.376 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: 9,399.377 shares
Withholding price per share: $96.57 per share
Direct holdings after transaction: 253,906.417 shares
+2 more
5 metrics
Shares withheld for taxes
9,399.377 shares
Tax-withholding disposition on restricted stock unit settlement
Withholding price per share
$96.57 per share
Value used for tax-withholding shares
Direct holdings after transaction
253,906.417 shares
Common stock held directly by Jeetendra Patel after withholding
Indirect trust holdings
200 shares
Common stock held indirectly by trust
Dividend equivalents on unvested RSUs
1,807.376 equivalents
Accrued on unvested restricted stock units
Key Terms
restricted stock unit, dividend equivalents, tax liability, Form 3, +1 more
5 terms
restricted stock unit financial
"partial settlement of two (2) restricted stock unit awards originally reported"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend equivalents financial
"Includes 1,807.376 dividend equivalents accrued on unvested restricted stock units."
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.
tax liability financial
"shares withheld for payment of tax liability arising as a result of the partial settlement"
Form 3 regulatory
"awards originally reported by the reporting person in a Form 3 filed"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cisco (CSCO) report for Jeetendra Patel?
Cisco reported that President and CPO Jeetendra Patel had 9,399.377 shares withheld to cover tax liability from restricted stock unit settlements. This is a non-market, tax-withholding disposition rather than an open-market sale, and it reflects routine equity compensation activity.
Was Jeetendra Patel’s Cisco (CSCO) transaction an open-market sale?
No. The filing shows an “F” code transaction, meaning Cisco withheld 9,399.377 shares to pay tax liabilities on restricted stock unit settlements. This type of disposition is handled by the company and is not an open-market sale to other investors.
What do the dividend equivalents mean in the Cisco (CSCO) insider filing?
The filing notes 1,807.376 dividend equivalents accrued on Jeetendra Patel’s unvested restricted stock units. Each dividend equivalent is the economic equivalent of one Cisco common share, increasing the value of his unvested equity awards without issuing additional common shares immediately.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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