Form 4: CBIZ Executive Michael Kouzelos Reports Stock Transactions
SEC Form 4
Michael Kouzelos, President of Employee Services at CBIZ, Inc., reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On February 8, 2025, Michael Kouzelos, President of Employee Services at CBIZ, Inc., executed transactions involving CBIZ common stock.
- He converted 3,052 restricted stock units into common stock.
- Following the conversion, he disposed of 1,369 shares at $88 to cover tax obligations.
- On February 9, 2025, he disposed of an additional 1,116 shares at $88 for tax purposes related to restricted stock units granted on February 9, 2024.
- After these transactions, Kouzelos directly owns 345,387 shares of CBIZ common stock and 3,053 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's simply a record of transactions.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders, as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/08/2023 | Reporting person was granted 9,158 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 02/09/2024 | Date of previously reported restricted stock units grant. |
| 02/08/2025 | Conversion of 3,052 restricted stock units to common stock and sale of 1,369 shares for tax obligations. |
| 02/09/2025 | Sale of 1,116 shares for tax obligations. |
| 02/11/2025 | Date of Form 4 filing. |
Keywords
CBIZ, Michael Kouzelos, Form 4, Stock Transaction, Restricted Stock Units, CBZ, Insider Trading
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