Form 4: CBIZ CEO Jerome Grisko Transfers Shares to Trusts for Estate Planning

CBIZ CEO Jerome Grisko transferred 177,914 shares of common stock to a spousal trust and another 177,914 shares to a separate trust for estate planning purposes.

Summary

• CBIZ CEO and President, Jerome P. Grisko, Jr., reported a transaction involving the transfer of company stock.
• On December 5, 2024, Mr. Grisko transferred 177,914 shares of CBIZ common stock to a trust.
• He also transferred another 177,914 shares to a spousal trust.
• These transfers were made for estate planning purposes.
• Following these transactions, Mr. Grisko directly owns 162,700.3372 shares of CBIZ common stock.
• He also indirectly owns 387,578 shares through a trust and 302,000 shares through a Spousal Lifetime Access Trust (SLAT).

Sentiment

Score: 7

Explanation: The document reflects a routine transaction for estate planning purposes, which is neutral to slightly positive as it indicates the executive's long-term planning.

Industry Context

This type of transaction is common for executives as part of their personal financial and estate planning strategies. It does not reflect any change in the company's operations or outlook.

Comparison to Industry Standards

• Executive stock transfers for estate planning are a standard practice across publicly traded companies.
• These transactions are typically disclosed via SEC Form 4 filings, as seen in this case, ensuring transparency and compliance with regulations.
• Similar transactions can be observed in filings from executives at comparable companies such as Automatic Data Processing (ADP) and Paychex (PAYX), which also operate in the business services sector.

Stakeholder Impact

• The stock transfer has no immediate impact on shareholders, employees, customers, suppliers, or creditors.
• The transaction is a personal financial matter for the executive and does not affect the company's operations or financial position.

Key Dates

Keywords

CBIZ, Jerome Grisko, stock transfer, estate planning, trust, spousal trust, SEC Form 4, beneficial ownership