Form 4: CBIZ Executive Sells Shares for Tax Obligations

CBIZ President of Employee Services, Michael P. Kouzelos, disposed of 1,116 common shares to cover tax liabilities related to restricted stock unit vesting.

Summary

• Michael P. Kouzelos, President of Employee Services at CBIZ, Inc. (CBZ), reported a disposition of common stock.
• The transaction involved 1,116 shares of common stock, disposed of on February 9, 2026.
• The shares were disposed of at a price of $34.29 per share.
• This disposition was identified as a 'F' transaction code, indicating shares withheld for taxes.
• The shares were withheld upon the vesting of previously reported restricted stock units (RSUs) that were granted on February 9, 2024.
• Following this transaction, Michael P. Kouzelos beneficially owns 363,160 shares of CBIZ common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting standard executive compensation practices rather than a change in management's outlook or a significant operational development.

Positives

• The underlying event is the vesting of previously granted restricted stock units, which represents earned compensation for the executive.

Negatives

• No inherent negatives from this specific transaction, as it represents a non-discretionary sale for tax purposes rather than a discretionary sale indicating a change in sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that tax-related dispositions of shares upon the vesting of restricted stock units are a common and routine practice for executives in publicly traded companies, reflecting standard compensation structures and tax obligations.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in executive confidence or company fundamentals.

Key Dates

Keywords

CBIZ, CBZ, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU, Tax Withholding, Executive Compensation