February 10, 2025 · Form 4 insider transaction
Robbins Charles sold 20,767 shares of Cisco Systems, Inc. at $62.27 per share, a transaction worth $1.29M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Represents shares withheld for payment of tax liability arising as a result of the partial settlement of four (4) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on September 22, 2021, November 8, 2021, October 13, 2022, and September 25, 2023, and the partial settlement of dividend equivalents accrued on the restricted stock units.; Includes 43,175 dividend equivalents accrued on vested deferred restricted stock units and 16,656 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.