Form 4: CBIZ CEO Jerome Grisko Reports Stock Transactions
SEC Form 4 Filing
CBIZ CEO Jerome Grisko reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On February 8, 2025, Jerome P. Grisko, Jr., CEO and President of CBIZ, Inc., reported transactions involving CBIZ common stock and restricted stock units.
- Grisko acquired 9,453 shares of common stock through the conversion of restricted stock units.
- He also disposed of 4,240 shares of common stock to cover tax obligations at a price of $88 per share.
- Additionally, 3,470 shares were withheld for taxes upon the vesting of previously reported restricted stock units granted on February 9, 2024, also at $88 per share.
- Following these transactions, Grisko directly owns 164,443.3372 shares of common stock.
- He also indirectly owns 302,000 shares through a SLAT, 177,914 shares through a spousal trust, and 387,578 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/08/2023 | Reporting person was granted 28,361 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 02/09/2024 | Date of previously reported restricted stock units grant. |
| 02/08/2025 | Date of common stock acquisition via restricted stock unit conversion and disposal of shares for tax obligations. |
| 02/09/2025 | Date of shares withheld for taxes upon the vesting of previously reported restricted stock units. |
| 02/11/2025 | Date of signature on the Form 4 filing. |
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