Mangan Michael T. 4

What Happened
Michael T. Mangan, Chief Accounting Officer of CBIZ, had performance-based restricted/share unit awards vest on 2026-02-11. As a result, 2,065 shares were issued to him (awarded at $0.00). To cover the tax liability on the vesting, 928 shares were withheld/disposed at $30.47 each, a withholding value of $28,276.

Key Details

• Transaction dates: 2026-02-11 (award vesting and tax withholding); Form 4 filed 2026-02-13.
• Award/Acquisition: 2,065 shares issued upon vesting (code A) at $0.00.
• Tax withholding/disposition: 928 shares withheld (code F) at $30.47, value $28,276.
• Footnotes: Shares issued pursuant to 2023 performance-based PSU awards; withholding relates to taxes due on vesting.
• Shares owned after transaction: Not stated in the reported filing.
• Timeliness: Filing covers the 2026-02-11 transaction and was filed 2026-02-13; no late filing is indicated in the document.

Context
This was not an open-market sale or an option exercise for cash proceeds; the 928-share disposition reflects tax withholding at vesting of performance share units (a common administrative transaction). Such award vestings are routine compensation events and do not, by themselves, indicate a change in insider sentiment.