Form 4: Cisco CEO Charles Robbins Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Cisco's CEO, Charles Robbins, disposed of 20,767 shares to cover tax liabilities arising from the settlement of restricted stock units.
Summary
- On February 10, 2025, Charles Robbins, the Chair and CEO of Cisco Systems, Inc., disposed of 20,767 shares of common stock at a price of $62.27 per share.
- This transaction was to cover tax liabilities related to the settlement of restricted stock units.
- Following the transaction, Robbins beneficially owns 768,103 shares of Cisco common stock, which includes dividend equivalents accrued on both vested and unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax planning. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Executive compensation structures, including restricted stock units, are standard practice among large technology companies like Cisco.
- Companies such as Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN) also utilize similar equity-based compensation plans for their executives.
- The frequency and size of executive stock transactions are generally comparable across these firms, reflecting similar approaches to executive compensation and wealth management.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
- The transaction does not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2021-09-22 | Date of original Form 4 filing for restricted stock unit awards. |
| 2021-11-08 | Date of original Form 4 filing for restricted stock unit awards. |
| 2022-10-13 | Date of original Form 4 filing for restricted stock unit awards. |
| 2023-09-25 | Date of original Form 4 filing for restricted stock unit awards. |
| 2024-12-11 | Date of Power of Attorney execution. |
| 2025-02-10 | Date of stock disposal transaction. |
| 2025-02-12 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Charles Robbins, Cisco, CSCO, Stock Disposal, Restricted Stock Units, Tax Liability, Beneficial Ownership, Dividend Equivalents
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