Form 4: Cisco EVP, Operations, Thimaya K. Subaiya, Reports Tax Liability Share Withholding
SEC Form 4 Filing
Thimaya K. Subaiya, EVP, Operations at Cisco Systems, Inc., reports the withholding of shares to cover tax liabilities arising from the settlement of restricted stock units.
Summary
- On February 10, 2025, Thimaya K. Subaiya, EVP, Operations at Cisco Systems, Inc., had shares withheld to cover tax liabilities.
- A total of 4,880 shares of common stock were withheld at a price of $62.27 per share.
- Following the transaction, Subaiya directly owns 203,617 shares of Cisco common stock, which includes 1,458 dividend equivalents accrued on unvested restricted stock units.
- Subaiya has granted a Power of Attorney to R. Scott Herren, Maria Victoria Wong, Deborah L. Stahlkopf, Evan Sloves, Jay Higdon and Jeremy Erickson to handle SEC filings related to Cisco securities.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not indicate any positive or negative sentiment.
Industry Context
This is a routine SEC Form 4 filing, common for corporate executives, reflecting changes in beneficial ownership due to stock-based compensation and tax obligations. It provides transparency into executive stock transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 2024/03/14 | Date of original Form 3 filing with the Commission regarding restricted stock unit awards. |
| 2024/12/14 | Date of execution of the Power of Attorney. |
| 2025/02/10 | Date of the transaction involving the withholding of shares for tax liability. |
| 2025/02/12 | Date of signature for the report. |
Keywords
Form 4, SEC Filing, Insider Trading, Cisco Systems, CSCO, Thimaya K. Subaiya, Restricted Stock Units, Tax Liability, Power of Attorney
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