Form 4: CBIZ CFO Ware H. Grove Reports Stock Transactions
SEC Form 4 Filing
CBIZ CFO Ware H. Grove reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- Ware H. Grove, CFO of CBIZ, Inc., reported transactions involving CBIZ common stock on February 11, 2025.
- These transactions involved the vesting of 4,090 restricted stock units, which convert into common stock on a one-for-one basis.
- Following the vesting, 1,835 shares were disposed of at a price of $88.03 to cover tax obligations.
- After these transactions, Grove directly owns 296,751 shares of CBIZ common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/11/2022 | Reporting person was granted 12,269 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 02/11/2025 | Vesting of 4,090 restricted stock units and disposition of 1,835 shares for tax obligations. |
| 02/13/2025 | Date of signature for the Form 4 filing. |
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