Cisco (CSCO) President Jeetendra Patel Withholds 7,711 Shares for Taxes

What Happened Jeetendra Patel, President and Chief Product Officer of Cisco Systems (CSCO), had 7,711.705 shares withheld/disposed to satisfy tax withholding tied to a partial settlement of restricted stock unit (RSU) awards. The shares were valued at $86.78 each, for a total of approximately $669,222. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-10; Filing date: 2026-02-11 (timely filing).
• Shares withheld/disposed: 7,711.705 at $86.78 each; total ≈ $669,222.
• Transaction type: F — payment of tax liability via share withholding (routine for RSU settlements).
• Footnotes: F1 — withholding relates to partial settlement of two RSU awards originally reported in a Form 3 on May 20, 2025. F2 — the total includes 1,277.300 dividend equivalents accrued on unvested RSUs (each equivalent equals one share).
• Shares owned after the transaction: not specified in the provided filing.

Context This was a tax-withholding action tied to RSU settlement (a common administrative disposition), not an indication that the insider sold shares on the open market to take a position. For retail investors, tax-withholdings are routine and typically do not signal management’s view of the company’s near-term prospects.