Kouzelos Michael P 4

What Happened

• Michael P. Kouzelos, President — Employee Services at CBIZ (CBZ), had 3,053 restricted stock units (RSUs) convert into common stock on February 8, 2026. Of those shares, 1,370 were withheld to cover tax obligations at $38.27 per share (total $52,430), leaving a net issuance of 1,683 shares to Kouzelos.
• The gross value of the 3,053 vested shares at the $38.27 withholding price is about $116,838. The withholding (disposition) is a routine tax-withholding event, not an open-market sale.

Key Details

• Transaction date: 2026-02-08; Form 4 filed: 2026-02-10 (timely).
• Actions reported: M = conversion/exercise of derivative (RSU vesting) for 3,053 shares (acquired); F = tax withholding of 1,370 shares at $38.27 per share (disposed) for $52,430.
• Net shares received by Kouzelos: 1,683 (3,053 acquired − 1,370 withheld).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — RSUs convert 1-for-1 into common stock. F2 — These RSUs were originally granted on 2023-02-08 (9,158 RSUs) and vest in three equal annual installments; this appears to be the third installment.

Context

• This was a standard RSU vesting with shares withheld to satisfy tax withholding; that withholding is routine and doesn’t necessarily indicate buying or selling interest in the open market.
• Code summary: M indicates conversion/vesting of a derivative award (RSU); F indicates shares were disposed to cover taxes.