Cisco CPO Patel Withholds 9,400 Shares for Tax Liability on RSU Settlement

Cisco Systems (NASDAQ: CSCO) executive Jeetendra I. Patel, President and Chief People Officer, filed a Form 4 report on August 12, 2026, revealing that 9,400.369 shares of Cisco common stock were withheld to pay tax liability arising from the partial settlement of two restricted stock unit awards. This transaction occurred on August 10, 2026.

The withholding was for a total value of $1.14 million at the price of $121.43 per share. After this transaction, Patel's direct holdings in Cisco common stock increased to 237,763.244 shares, while his indirect holdings remained unchanged at 200 shares through a trust.

The Form 4 filing also disclosed that Patel's direct holdings include 2,233.572 dividend equivalents on unvested restricted stock units, each equivalent to one share of Cisco common stock.