Form 4: Cisco EVP Deborah Stahlkopf Reports Stock Transactions
SEC Form 4 Filing
Deborah Stahlkopf, EVP and Chief Legal Officer of Cisco Systems, reports the withholding of shares for tax liability and a sale of common stock under a Rule 10b5-1 plan.
Summary
- On March 10, 2025, Deborah Stahlkopf had 1,561 shares of Cisco common stock withheld to cover tax liabilities related to the settlement of restricted stock units and dividend equivalents.
- The price per share for the tax withholding was $63.94.
- Following this transaction, Stahlkopf directly owns 198,630 shares of Cisco common stock, which includes dividend equivalents.
- On March 12, 2025, Stahlkopf sold 2,856 shares of Cisco common stock at a weighted average price of $60.712 per share.
- After the sale, Stahlkopf directly owns 195,774 shares of Cisco common stock.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan is a common practice to allow insiders to sell shares without being accused of trading on non-public information.
Comparison to Industry Standards
- Insider trading activity is closely monitored across the technology sector, with companies like Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN) also subject to similar reporting requirements.
- The use of Rule 10b5-1 plans is a standard practice among executives at publicly traded companies to manage their stock sales in compliance with insider trading laws.
- The reported transactions are typical in terms of volume and price range compared to other insider sales within the technology industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares involved.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2021-09-22 | Date of original restricted stock unit award reported in previous Forms 4. |
| 2024-11-15 | Date the Rule 10b5-1 plan was adopted by the reporting person. |
| 2025-03-10 | Date of tax withholding transaction. |
| 2025-03-12 | Date of stock sale transaction. |
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