Form 4: Cisco CFO Richard Scott Herren Reports Stock Transaction

Cisco's EVP and CFO, Richard Scott Herren, reported the withholding of 9,270 shares of common stock for tax liabilities related to restricted stock unit settlements.

Summary

• Richard Scott Herren, the EVP and CFO of Cisco Systems, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on August 10, 2024, where 9,270 shares of Cisco common stock were withheld to cover tax obligations.
• These shares were related to the partial settlement of restricted stock unit awards and dividend equivalents.
• Following the transaction, Herren beneficially owns 315,493.214 shares of Cisco common stock.
• The price per share for the transaction was $45.47.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive stock transactions, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders at publicly traded companies like Cisco, similar to filings by executives at companies such as Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN).
• The withholding of shares for tax obligations is a common occurrence when restricted stock units vest, and is a standard part of executive compensation packages across the technology sector.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.

Key Dates

Keywords

Cisco, Form 4, Richard Scott Herren, stock transaction, restricted stock units, tax liability, dividend equivalents, beneficial ownership