Form 4: CBIZ Director Rick L. Burdick Transfers Shares to Limited Partnership

CBIZ director Rick L. Burdick transferred 179,454 shares of common stock to a limited partnership controlled by him and his spouse.

Summary

• Rick L. Burdick, a director at CBIZ, Inc., transferred 179,454 shares of CBIZ common stock to a limited partnership.
• The transfer occurred on December 31, 2024.
• The shares were transferred at a price of $0.
• The limited partnership is controlled by Mr. Burdick and his spouse.
• The transfer is reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a share transfer, which is neither positive nor negative for the company's performance.

Industry Context

This type of transaction is common for corporate insiders for estate planning or tax purposes.

Comparison to Industry Standards

• Transfers of shares to limited partnerships are a common practice among corporate executives and directors for personal financial management.
• These transactions are typically disclosed through SEC Form 4 filings, which are standard for reporting changes in beneficial ownership by insiders.
• Similar transactions can be seen across various publicly traded companies, with the specific details varying based on individual circumstances and financial planning strategies.

Stakeholder Impact

• The transaction has no direct impact on CBIZ's operations or financial performance.
• The transfer is a personal financial matter for the director and does not affect other stakeholders.

Key Dates

Keywords

CBIZ, Rick L. Burdick, share transfer, limited partnership, Form 4, SEC filing, director