Form 4: Cisco CFO Richard Scott Herren Reports Stock Transaction

Cisco's CFO, Richard Scott Herren, has reported the withholding of 9,192 shares of common stock for tax obligations related to restricted stock unit settlements.

Summary

• Richard Scott Herren, the EVP and CFO of Cisco Systems, Inc., filed a Form 4 indicating a transaction involving Cisco common stock.
• On May 10, 2024, 9,192 shares were withheld to cover tax liabilities arising from the settlement of restricted stock units.
• The transaction price was $47.79 per share.
• Following the transaction, Mr. Herren beneficially owns 322,016.521 shares of Cisco common stock.
• This total includes dividend equivalents accrued on both vested and unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any positive or negative sentiment about the company's performance or outlook.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies like Cisco, and the reported transaction is typical for executives receiving stock-based compensation.
• Similar filings are regularly made by executives at comparable tech companies such as Apple, Microsoft, and Intel, reflecting the common practice of using stock awards as part of executive compensation packages.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding related to executive compensation.

Key Dates

Keywords

Cisco, Richard Scott Herren, Form 4, Stock Transaction, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Dividend Equivalents