Form 4: Cisco Systems SVP Maria Victoria Wong Reports Stock Transaction

Maria Victoria Wong, SVP & Chief Accounting Officer of Cisco Systems, reports a transaction involving the withholding of shares for tax liability related to restricted stock unit awards.

Summary

• On February 10, 2025, Maria Victoria Wong, SVP & Chief Accounting Officer of Cisco Systems, reported a transaction on SEC Form 4.
• The transaction involved the withholding of 1,984 shares of common stock at a price of $62.27.
• These shares were withheld for payment of tax liability arising from the settlement of restricted stock unit awards.
• Following the transaction, Wong beneficially owns 48,805 shares of Cisco Systems common stock.

Sentiment

Score: 7

Explanation: Neutral sentiment as it reflects a routine transaction related to executive compensation and tax obligations.

Industry Context

This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice among technology companies like Cisco, used to attract and retain talent.
• Similar to executives at companies like Microsoft (MSFT), Apple (AAPL), and Google (GOOGL), Cisco executives receive stock options and restricted stock units as part of their compensation packages.
• The vesting and settlement of these awards, along with associated tax implications, trigger regular Form 4 filings.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes rather than a market sale.

Key Dates

Keywords

Form 4, SEC Filing, Stock Transaction, Maria Victoria Wong, Cisco Systems, CSCO, Restricted Stock Units, Tax Liability, Beneficial Ownership