Form 4: CBIZ Director Michael DeGroote Sells Shares

Michael DeGroote, a director at CBIZ, Inc., sold 8,362 shares of common stock at $34.72 per share on October 14, 2021.

Summary

• On October 14, 2021, Michael H. DeGroote, a director of CBIZ, Inc., sold 8,362 shares of CBIZ common stock.
• The sale price was $34.72 per share.
• Following the transaction, DeGroote directly owns 124,592 shares of CBIZ common stock.
• DeGroote also indirectly owns 112,000 shares held in a family trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of a stock sale. The size of the sale is not significant enough to indicate strong positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding.

Key Dates

Keywords

CBIZ, DeGroote, stock sale, Form 4, director, CBZ, shares