Cisco CFO Mark Patterson Withholds 4,066 Shares for Taxes

What Happened
Mark Patterson, Executive Vice President and Chief Financial Officer of Cisco Systems (CSCO), had 4,065.56 shares withheld on August 10, 2026 to satisfy tax withholding obligations arising from the partial settlement of two restricted stock unit (RSU) awards. The shares are reported at $121.43 per share, for a total value of $493,681. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-10; Form 4 filed: 2026-08-12 (filed timely).
• Amount withheld/disposed: 4,065.56 shares at $121.43 per share; total value $493,681.
• Transaction code: F (payment of exercise price or tax liability via share withholding).
• Footnote F1: Withholding relates to partial settlement of two RSU awards originally reported in the Form 3 filed Aug 8, 2025.
• Footnote F2: Included in the settlement are 1,786.851 dividend equivalents on unvested RSUs (each dividend equivalent equals one share economically).
• Shares owned after transaction: not reported in the provided filing.

Context

• This was an administrative tax-withholding event (common when RSUs vest) rather than an open-market sale, so it does not necessarily signal a change in the insider’s view of the company.
• For derivative/award transactions: the filing indicates RSUs were partially settled and shares withheld to cover taxes rather than shares sold on the market.