Form 4: Cisco SVP & Chief Accounting Officer, Maria Victoria Wong, Reports Stock Transaction

Maria Victoria Wong, SVP & Chief Accounting Officer at Cisco, reported the disposal of 403 shares of common stock to cover tax obligations related to restricted stock unit awards.

Summary

• Maria Victoria Wong, a Senior Vice President and Chief Accounting Officer at Cisco Systems, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on June 10, 2024, where 403 shares of Cisco common stock were disposed of.
• These shares were withheld to cover tax liabilities arising from the partial settlement of two restricted stock unit awards.
• The price per share for the transaction was $45.84.
• Following the transaction, Ms. Wong directly owns 52,550 shares of Cisco common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is a neutral event with no significant positive or negative implications for the company's performance or outlook.

Industry Context

This is a routine filing related to stock transactions by company insiders, which is common practice for publicly traded companies like Cisco. These filings are required by the SEC to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US, and Cisco's filing is consistent with these requirements.
• Similar filings are made by executives at companies like Microsoft (MSFT), Apple (AAPL), and Intel (INTC) when they engage in stock transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
• The transaction does not impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Transaction, Cisco, Maria Victoria Wong, Restricted Stock Units, Tax Liability