Form 4: Cisco CFO Mark Patterson Reports RSU Tax Shares
Insider Transaction Report
Cisco's EVP and CFO, Mark Patterson, reported the disposition of shares for tax obligations related to restricted stock unit awards.
Summary
- Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems, Inc. (CSCO), reported a transaction on February 10, 2026.
- The transaction involved the disposition of 1,839.64 shares of Common Stock at a price of $86.78 per share.
- These shares were withheld for the payment of tax liability arising from the partial settlement of two restricted stock unit (RSU) awards.
- The original RSU awards were reported in a Form 3 filed on August 8, 2025.
- Following this transaction, Mark Patterson beneficially owns 204,932.716 shares of Cisco Common Stock.
- The reported beneficial ownership includes 1,021.837 dividend equivalents accrued on unvested restricted stock units, where each dividend equivalent is economically equivalent to one share of Cisco common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it is a standard, non-discretionary transaction related to executive compensation and tax obligations, not indicative of a change in company fundamentals or management's investment sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
StockSavvy.ai notes that tax withholdings upon the vesting of restricted stock units are a standard and routine practice for executive compensation across the technology industry. This transaction reflects a common mechanism for executives to cover tax obligations without a discretionary sale of shares.
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine, non-discretionary transaction related to executive compensation and tax obligations, not a signal of management's view on the stock's future.
Key Dates
| Date | Description |
|---|---|
| 08/08/2025 | Date of original Form 3 filing reporting the restricted stock unit awards. |
| 02/10/2026 | Date of the reported transaction (disposition of shares for tax liability). |
| 02/11/2026 | Date the Form 4 was signed. |
Keywords
Cisco Systems, CSCO, Mark Patterson, Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Executive Compensation
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