Form 4: CBIZ CEO Grisko Reports Tax-Related Stock Disposition

CBIZ CEO and President Jerome P. Grisko reported the disposition of 3,469 shares of common stock for tax withholding purposes following the vesting of restricted stock units.

Summary

• Jerome P. Grisko, CEO and President of CBIZ, Inc., reported a transaction involving CBIZ common stock.
• The transaction occurred on February 9, 2026, and involved the disposition of 3,469 shares.
• These shares were withheld for taxes upon the vesting of previously reported restricted stock units granted on February 9, 2024.
• The price per share for the disposition was $34.29.
• Following this transaction, Grisko directly beneficially owns 61,476.3372 shares of common stock.
• Indirect beneficial ownership includes 177,914 shares via a 2025 SLAT, 307,080 shares via a SLAT, 24,325 shares via a spousal trust, and 518,603 shares via a trust.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event, reflecting a routine tax-related disposition of shares following RSU vesting, which is a common and expected part of executive compensation and does not indicate a change in company fundamentals.

Positives

• The transaction represents the vesting of previously granted restricted stock units, indicating the fulfillment of long-term incentive compensation for the CEO.
• The disposition of shares was for tax withholding purposes, not a discretionary sale by the insider, which is a routine and expected event.

Negatives

• The direct beneficial ownership of common stock by Jerome P. Grisko decreased by 3,469 shares due to the tax withholding.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as tax-related dispositions upon restricted stock unit vesting, are common across industries and typically do not signal a change in management's outlook on the company's prospects. This type of transaction is a standard component of executive compensation plans designed to align management incentives with long-term shareholder value.

Comparison to Industry Standards

• This transaction aligns with common executive compensation practices across publicly traded companies, where restricted stock units vest over time and a portion of the shares are withheld to cover tax obligations. It is a standard operational aspect of equity-based incentive programs.

Related Party Transactions

• Jerome P. Grisko holds shares indirectly through a 2025 Spousal Lifetime Access Trust (SLAT), a general SLAT, a spousal trust, and a general trust, which are considered related party holdings.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition of shares, which is a common aspect of executive compensation and does not typically signal a change in company performance or management's outlook.
• Management: The vesting of restricted stock units indicates the fulfillment of long-term incentive compensation, aligning management's interests with shareholder value creation over time.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary disposition of shares for tax purposes following the vesting of restricted stock units. It does not indicate any change in the company's fundamentals or management's confidence, thus a 'hold' recommendation is appropriate as there is no new information to warrant a change in investment thesis.

Keywords

CBIZ, CBZ, Jerome P. Grisko, Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Executive Compensation, Beneficial Ownership