Cisco CFO Withholds Shares for Tax Liability

Cisco Systems, Inc.'s Chief Financial Officer (CFO), Mark Patterson, recently reported a tax-withholding disposition of Cisco common stock. On August 10, 2026, Patterson withheld 4,065.56 shares of Cisco common stock at $121.43 per share to satisfy tax liability arising from the partial settlement of two restricted stock unit awards. This transaction reduced Patterson's direct holdings in Cisco common stock to 174,318.571 shares.

The withheld shares were part of a partial settlement of restricted stock units that Patterson had previously reported on August 8, 2025. The value of the withheld shares was approximately $494,000 based on the per-share price used for tax withholding.

Patterson's holdings after this transaction include 1,786.851 dividend equivalents accrued on unvested restricted stock units, with each equivalent being economically equivalent to one Cisco common share.