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 tax withholding, resulting in changes to his beneficial ownership of company stock.
Summary
- On February 8, 2025, Ware H. Grove, CFO of CBIZ, Inc., had 3,331 restricted stock units vest, which converted into common stock on a one-for-one basis.
- Following the vesting, 1,494 shares were withheld for taxes at a price of $88 per share.
- On February 9, 2025, an additional 1,167 shares were withheld for taxes at a price of $88 per share related to restricted stock units granted on February 9, 2024.
- After these transactions, Grove directly owns 294,496 shares of CBIZ common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| February 8, 2023 | Reporting person was granted 9,994 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| February 9, 2024 | Date of previously reported restricted stock units. |
| February 8, 2025 | Vesting of 3,331 restricted stock units and withholding of 1,494 shares for taxes. |
| February 9, 2025 | Withholding of 1,167 shares for taxes. |
| February 11, 2025 | Date of signature for the Form 4 filing. |
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