Michael P. Kouzelos - Feb 8, 2023 Form 4 Insider Report for CBIZ, Inc. (CBZ)

Role: President, Employee Services
Signature: /s/ Michael W Gleespen, attorney-in-fact for Michael P Kouzelos
Stock symbol: CBZ
Transactions as of: Feb 8, 2023
Transactions value $: -$651,367
Form type: 4
Date filed: 2/10/2023, 03:05 PM
Previous filing: Mar 17, 2022
Next filing: Feb 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBZ	Common Stock	Award	$0	+28.8K	+9.66%	$0.00	326K	Feb 8, 2023	Direct	F1
transaction	CBZ	Common Stock	Tax liability	-$651K	-13.5K	-4.12%	$48.40	313K	Feb 8, 2023	Direct	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	Restricted Stock Units	Award	$0	+9.16K		$0.00	9.16K	Feb 8, 2023	Common Stock	9.16K	$0.00	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were issued pursuant to the vesting of performance-based performance share units awards made in 2020.
F2	Shares sold to cover taxes on grant of performance share units shares.
F3	The restricted stock units vest in three (3) equal annual installments beginning 2-8-2024.
F4	Each restricted stock unit represents a contingent right to receive one share of CBIZ common stock.