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 3,003 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 February 10, 2024, Ms. Stahlkopf disposed of 3,003 shares of common stock 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, Ms. Stahlkopf beneficially owns 204,706 shares of Cisco common stock, which includes 6,738 dividend equivalents accrued on unvested restricted stock units and 601 dividend equivalents accrued on unvested deferred restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing of a stock transaction by an executive, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies like Cisco. 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, such as Cisco, and are required by the SEC.
- The transaction is typical for executives who receive stock-based compensation and need to cover tax obligations.
- Similar filings are regularly made by executives at comparable tech companies like Apple, Microsoft, and Oracle.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 02/10/2024 | Date of the stock transaction. |
| 02/13/2024 | Date the Form 4 was signed. |
Keywords
Cisco, Stock Transaction, Form 4, Deborah Stahlkopf, Executive Vice President, Chief Legal Officer, Restricted Stock Units, Dividend Equivalents, Beneficial Ownership
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