Form 4: Cisco CFO Richard Scott Herren Reports Stock Transaction

Cisco's EVP and CFO, Richard Scott Herren, disposed of 6,191 shares of common stock to cover tax liabilities from restricted stock unit settlements.

Summary

• Richard Scott Herren, the EVP and CFO of Cisco Systems, Inc., reported a transaction involving the disposal of 6,191 shares of Cisco common stock.
• The transaction occurred on February 10, 2024, and the shares were disposed of at a price of $50.13 per share.
• This disposal was to cover tax liabilities arising from the partial settlement of restricted stock unit awards and dividend equivalents.
• Following the transaction, Mr. Herren beneficially owns 342,432.801 shares of Cisco common stock, which includes dividend equivalents.

Sentiment

Score: 5

Explanation: The document is a routine regulatory 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. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Cisco.
• The sale of shares to cover tax liabilities from vesting restricted stock units is a standard practice.
• Other technology companies such as Apple, Microsoft, and Intel also regularly report similar transactions by their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
• The transaction does not impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Cisco, Stock Transaction, Form 4, Richard Scott Herren, Executive Compensation, Restricted Stock Units, Tax Liabilities, Insider Trading