Summary by Moomoo AI
Thimaya K. Subaiya, EVP of Operations at Cisco, filed an initial statement of beneficial ownership with the SEC on March 14, 2024, detailing his direct ownership of 176,889 shares of Cisco common stock. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, follows a series of restricted stock unit awards granted to Subaiya, with the most recent being on December 5, 2023. These awards are set to vest in increments, with a portion vesting on specific dates and additional shares vesting quarterly thereafter. The disclosure provides transparency into the executive's stake in the company and is a routine requirement for corporate insiders.