Stocks
Cisco CEO Sells $2.41 Million in Stock
Cisco Systems (NASDAQ:CSCO) CEO Charles Robbins has sold 21,628 shares of his company's stock. The sale occurred on August 14th and was made at an average price of $111.54 per share.
The total value of the transaction is approximately $2.41 million. Following this sale, Robbins directly owns 602,710 shares in Cisco Systems, valued at around $67.23 million.
This represents a 3.46% decrease in his ownership stake in the company. The sale was made under a pre-arranged Rule 10b5-1 trading plan and has been disclosed to the SEC.