Form 4: Cisco Executive Deborah Stahlkopf Reports Stock Transaction

Cisco's EVP and Chief Legal Officer, Deborah Stahlkopf, reported a transaction involving the withholding of 1,702 shares for tax obligations related to a restricted stock unit settlement.

Summary

• Deborah Stahlkopf, EVP and Chief Legal Officer at Cisco Systems, Inc., filed a Form 4 detailing a transaction.
• The transaction involved the withholding of 1,702 common stock shares on June 10, 2024, at a price of $45.84 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 179,003 shares of Cisco common stock.
• This total includes 6,663 dividend equivalents accrued on unvested restricted stock units and 936 dividend equivalents accrued on unvested deferred restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine filing of a stock transaction by an executive, which is neither positive nor negative for the company's performance. It is a neutral event in the context of the company's operations.

Industry Context

This is a routine filing related to executive compensation and stock ownership, which is common in publicly traded companies like Cisco. It reflects standard practices for handling tax obligations related to equity awards.

Comparison to Industry Standards

• The reporting of stock transactions by executives is a standard practice across publicly traded companies, including technology firms like Cisco.
• Companies such as Apple, Microsoft, and Google also regularly file similar Form 4 documents when their executives engage in stock transactions.
• The withholding of shares for tax purposes is a common mechanism used to manage the tax implications of equity-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Cisco, Stock Transaction, Form 4, Deborah Stahlkopf, Restricted Stock Units, Dividend Equivalents, Executive Compensation, Beneficial Ownership