Form 4: Cisco Executive Deborah L. Stahlkopf Reports Stock Transaction
SEC Form 4 Filing
Cisco's EVP and Chief Legal Officer, Deborah L. Stahlkopf, reported a transaction involving the withholding of 1,045 shares for tax obligations related to a restricted stock unit settlement.
Summary
- Deborah L. Stahlkopf, EVP and Chief Legal Officer at Cisco Systems, Inc., filed a Form 4 indicating a transaction on March 10, 2024.
- The transaction involved the disposal of 1,045 shares of common stock at a price of $49.50 per share.
- These shares were withheld to cover tax liabilities arising from the partial settlement of a restricted stock unit award and associated dividend equivalents.
- Following the transaction, Stahlkopf beneficially owns 194,561 shares of Cisco common stock, which includes 6,423 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 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 like Cisco. It reflects the standard practice of withholding shares to cover tax obligations when restricted stock units vest.
Comparison to Industry Standards
- The transaction is consistent with standard practices for executive compensation in the technology industry.
- Many companies use restricted stock units as part of their compensation packages, and the withholding of shares for tax purposes is a common occurrence.
- Comparable companies such as Microsoft, Apple, and Oracle also have similar reporting requirements for their executives' stock transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of the stock transaction. |
| 03/12/2024 | Date the Form 4 was signed. |
Keywords
Form 4, Cisco, Stock Transaction, Deborah L. Stahlkopf, Restricted Stock Units, Dividend Equivalents, Executive Compensation, Insider Trading
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