Chris Spurio - Feb 27, 2023 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
Feb 27, 2023
Transactions value $
-$2,372,054
Form type
4
Date filed
2/28/2023, 04:45 PM
Previous filing
Feb 10, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBZ Common Stock Options Exercise $638K +32.8K +18.18% $19.45 213K Feb 27, 2023 Direct
transaction CBZ Common Stock Sale -$1.68M -32.8K -15.38% $51.20 181K Feb 27, 2023 Direct F1
transaction CBZ Common Stock Options Exercise $820K +42.2K +23.36% $19.45 223K Feb 28, 2023 Direct
transaction CBZ Common Stock Sale -$2.15M -42.2K -18.94% $50.98 181K Feb 28, 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 Employee Stock Option Options Exercise $0 -32.8K -43.76% $0.00 42.2K Feb 27, 2023 Common Stock 32.8K $19.45 Direct F3
transaction CBZ Employee Stock Option Options Exercise $0 -42.2K -100% $0.00* 0 Feb 28, 2023 Common Stock 42.2K $19.45 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Weighted average sale price of price range between $50.85 and $51.64. Will provide upon request number of shares sold at each separate price.
F2 Weighted average sale price of price range between $50.48 and $51.82. Will provide upon request number of shares sold at each separate price.
F3 Consists of Options granted 05/09/2018 vesting in 25% increments each year beginning 05/09/2019 and expiring on 05/09/2024.