Raffa Kathy A 4

What Happened
Kathy A. Raffa, a director of CBIZ, Inc. (CBZ), received an award of 6,051 restricted shares on May 15, 2026. The Form 4 reports this as an acquisition (code A) at $0.00 per share (grant), so the filing lists a $0 cash purchase amount. The award was granted as part of annual non-employee director compensation.

Key Details

• Transaction date: 2026-05-15; Form 4 filed 2026-05-19.
• Transaction type/code: Award (A) — 6,051 restricted shares at $0.00 per share (total reported cash $0).
• Vesting: Restricted stock vests 50% in each of the two years following the award (per footnote).
• Shares owned following transaction: Not disclosed in the provided filing excerpt.
• Other notes: This was a compensation grant to a director (not an open-market purchase or sale).

Context
Director restricted-stock grants are routine compensation and do not involve an upfront cash purchase; vesting delays full ownership. Such awards are informative about pay structure but are not direct indicators of immediate insider buying or selling activity. Monitor future Form 4s for any subsequent sales or additional grants.