Herren Richard Scott sold CSCO
February 10, 2024 · Form 4 insider transaction
Herren Richard Scott sold 6,191 shares of Cisco Systems, Inc. at $50.13 per share, a transaction worth $310.4K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 3 days after the transaction.
Footnotes
Represents shares withheld for payment of tax liability arising as a result of the partial settlement of three (3) restricted stock unit awards originally reported by the reporting person in Forms 4 filed with the Commission on December 18, 2020, September 22, 2021 and October 13, 2022, and the partial settlement of dividend equivalents accrued on restricted stock units.; Includes 2,637 dividend equivalents accrued on vested deferred restricted stock units, 2,051 dividend equivalents accrued on unvested deferred restricted stock units, and 8,043 dividend equivalents accrued on unvested restricted stock units. Each dividend equivalent is the economic equivalent of one share of Cisco common stock.