CHRIS SPURIO - 09 Feb 2024 Form 4 Insider Report for CBIZ, Inc. (CBZ)

Role: President, Financial Services
Signature: /s/ Jaileah X. Huddleston, attorney-in-fact for Chris Spurio
Issuer symbol: CBZ
Transactions as of: 09 Feb 2024
Net transactions value: -$1,355,228
Form type: 4
Filing time: 13 Feb 2024, 20:29:16 UTC
Previous filing: 12 Feb 2024
Next filing: 11 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBZ	Common Stock	Award	$0	+35,644	+20%	$0.000000	218,109	09 Feb 2024	Direct	F1
transaction	CBZ	Common Stock	Tax liability	$1,056,327	-15,988	-7.3%	$66.07	202,121	09 Feb 2024	Direct	F2
transaction	CBZ	Common Stock	Award	$0	+9,369	+4.6%	$0.000000	211,490	09 Feb 2024	Direct	F3
transaction	CBZ	Common Stock	Options Exercise		+5,941	+2.8%		217,431	11 Feb 2024	Direct	F4
transaction	CBZ	Common Stock	Tax liability	$176,077	-2,665	-1.2%	$66.07	214,766	11 Feb 2024	Direct	F5
transaction	CBZ	Common Stock	Options Exercise		+4,143	+1.9%		218,909	11 Feb 2024	Direct	F4
transaction	CBZ	Common Stock	Tax liability	$122,824	-1,859	-0.85%	$66.07	217,050	11 Feb 2024	Direct	F5

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	Options Exercise		-5,941	-100%		0	11 Feb 2024	Common Stock	5,941		Direct	F4, F6
transaction	CBZ	Restricted Stock Units	Options Exercise		-4,143	-50%		4,143	11 Feb 2024	Common Stock	4,143		Direct	F4, F7

* 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 unit awards made in 2021.
F2	Tax related to the vesting of performance share unit awards.
F3	On February 9, 2024, the reporting person was granted 9,369 restricted stock units, vesting in three (3) equal annual installments beginning on the first anniversary of the grant date. Restricted stock units convert into common stock on a one-for-one basis.
F4	Restricted stock units convert into common stock on a one-for-one basis.
F5	Tax related to vesting of restricted stock units.
F6	On February 11, 2021, the reporting person was granted 17,822 restricted stock units, vesting in three (3) equal annual installments beginning on the first anniversary of the grant date.
F7	On February 11, 2022, the reporting person was granted 12,430 restricted stock units, vesting in three (3) equal annual installments beginning on the first anniversary of the grant date.