Form 4: Cisco EVP Deborah Stahlkopf Reports Stock Transaction
SEC Form 4 Filing
Cisco's Executive Vice President and Chief Legal Officer, Deborah Stahlkopf, reported the disposal of 4,186 shares of common stock to cover tax liabilities.
Summary
- Deborah Stahlkopf, Executive Vice President and Chief Legal Officer at Cisco Systems, Inc., filed a Form 4 indicating a transaction involving Cisco common stock.
- On May 10, 2024, Ms. Stahlkopf disposed of 4,186 shares of common stock at a price of $47.79 per share.
- These shares were withheld to cover tax liabilities arising from the partial settlement of restricted stock unit awards and dividend equivalents.
- Following the transaction, Ms. Stahlkopf beneficially owns 188,721 shares of Cisco common stock, which includes 7,013 dividend equivalents accrued on unvested restricted stock units and 936 dividend equivalents accrued on unvested deferred restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive stock transactions, which is neither positive nor negative from an investment perspective.
Industry Context
This is a routine filing related to executive compensation and stock transactions, which is common for publicly traded companies like Cisco. It does not indicate any unusual activity or trend.
Comparison to Industry Standards
- Executive stock transactions are a common practice in publicly traded companies, including Cisco's peers in the technology sector such as Apple, Microsoft, and Oracle.
- These companies also regularly report similar transactions through SEC filings like Form 4.
- The number of shares and the transaction price are within the typical range for executive stock transactions at large tech companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.
- There is no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the stock transaction. |
| 05/14/2024 | Date the Form 4 was signed. |
Keywords
Cisco, Stock Transaction, Form 4, Deborah Stahlkopf, Executive Compensation, Restricted Stock Units, Tax Liabilities, Dividend Equivalents
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