Michael P. Kouzelos - Feb 9, 2024 Form 4 Insider Report for CBIZ, Inc. (CBZ)

Role
President, Employee Services
Signature
/s/ Jaileah X. Huddleston, attorney-in-fact for Michael P. Kouzelos
Stock symbol
CBZ
Transactions as of
Feb 9, 2024
Transactions value $
-$1,225,797
Form type
4
Date filed
2/13/2024, 08:34 PM
Previous filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBZ Common Stock Award $0 +32.2K +10.25% $0.00 347K Feb 9, 2024 Direct F1
transaction CBZ Common Stock Tax liability -$955K -14.5K -4.17% $66.07 332K Feb 9, 2024 Direct F2
transaction CBZ Common Stock Award $0 +7.46K +2.25% $0.00 340K Feb 9, 2024 Direct F3
transaction CBZ Common Stock Options Exercise +5.37K +1.58% 345K Feb 11, 2024 Direct F4
transaction CBZ Common Stock Tax liability -$159K -2.41K -0.7% $66.07 343K Feb 11, 2024 Direct F5
transaction CBZ Common Stock Options Exercise +3.75K +1.09% 347K Feb 11, 2024 Direct F4
transaction CBZ Common Stock Tax liability -$111K -1.68K -0.49% $66.07 345K Feb 11, 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 -5.37K -100% 0 Feb 11, 2024 Common Stock 5.37K Direct F4, F6
transaction CBZ Restricted Stock Units Options Exercise -3.75K -50% 3.75K Feb 11, 2024 Common Stock 3.75K 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 7,464 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 vesting of restricted stock units.
F6 On February 11, 2021, the reporting person was granted 16,121 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 11,244 restricted stock units, vesting in three (3) equal annual installments beginning on the first anniversary of the grant date.