Form 4: Cisco Systems EVP, Operations, Thimaya K. Subaiya, Reports Stock Transaction

Thimaya K. Subaiya, EVP, Operations at Cisco Systems, reports disposition of shares to cover tax obligations related to restricted stock unit settlements.

Summary

• On May 10, 2025, Thimaya K. Subaiya, EVP, Operations at Cisco Systems, Inc., disposed of 6,871 shares of common stock to cover tax liabilities.
• The shares were withheld for payment of tax liability arising from the partial settlement of six restricted stock unit awards originally reported on March 14, 2024.
• The transaction price was $59.77 per share.
• Following the transaction, Subaiya directly owns 185,112 shares of Cisco common stock, which includes 2,257 dividend equivalents accrued on unvested restricted stock units.

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. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, Cisco Systems, CSCO, Thimaya K. Subaiya, EVP Operations, Stock Transaction, Restricted Stock Units, Tax Liability, Dividend Equivalents, Beneficial Ownership