Chris Spurio - Aug 10, 2022 Form 4 Insider Report for CBIZ, Inc. (CBZ)

Role
President, Financial Services
Signature
Michael W. Gleespen, attorney-in-fact for Chris Spurio
Stock symbol
CBZ
Transactions as of
Aug 10, 2022
Transactions value $
-$392,745
Form type
4
Date filed
8/11/2022, 04:03 PM
Previous filing
Aug 5, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBZ Common Stock Options Exercise $206K +13.2K +8.08% $15.55 177K Aug 10, 2022 Direct F1
transaction CBZ Common Stock Sale -$598K -13.2K -7.48% $45.25 164K Aug 10, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CBZ Employee Stock Option Options Exercise $0 -13.2K -100% $0.00* 0 Aug 10, 2022 Common Stock 13.2K $15.55 Direct F3
holding CBZ Employee Stock Option 75K Aug 10, 2022 Common Stock 75K $19.45 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise and sale of Employee Stock Options granted 05-10-2017 at $15.55 exercise price, expiring 05-10-2023.
F2 Weighted average sale price of price range between $45.01 and $45.74. Will provide upon request number of shares sold at each separate price.
F3 Consists of Options granted 5/10/2017 vesting in 25% increments each year beginning 05/10/2018 and expiring on 05/10/2023.
F4 Consists of Options granted 05/09/2018 vesting in 25% increments each year beginning 05/09/2019 and expiring on 05/09/2024.