Form 4: Cisco Systems CEO Charles Robbins Reports Stock Transaction

Charles Robbins, CEO of Cisco Systems, reports the disposal of shares to cover tax liabilities arising from the settlement of restricted stock units.

Summary

• On May 10, 2025, Charles Robbins, the Chair and CEO of Cisco Systems, Inc., reported a transaction involving Cisco common stock.
• Mr. Robbins disposed of 23,348 shares to cover tax liabilities related to the settlement of restricted stock units.
• The shares were sold at a price of $59.77 per share.
• Following the transaction, Mr. Robbins beneficially owns 718,193 shares of Cisco common stock, which includes dividend equivalents.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Cisco Systems.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies.
• Companies like Microsoft, Apple, and Amazon also have executives who regularly report stock transactions via Form 4 filings.
• The number of shares disposed of by Mr. Robbins is within the typical range for executives settling restricted stock units for tax purposes.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• It reflects standard executive compensation practices.

Key Dates

Keywords

Cisco Systems, Charles Robbins, Stock Transaction, Form 4, Restricted Stock Units, Dividend Equivalents, Beneficial Ownership