CBIZ (CBZ) CFO Brad S. Lakhia Withholds 5,813 Shares for Taxes

What Happened

• Brad S. Lakhia, Senior Vice President & Chief Financial Officer of CBIZ, had 5,813 shares withheld on September 17, 2026 to satisfy tax obligations related to the vesting of previously granted restricted stock units (RSUs). The withholding was at a price of $54.60 per share, totaling approximately $317,390. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-17
• Price per share: $54.60; Shares withheld: 5,813; Total value: ~$317,390
• Transaction code: F (shares withheld for taxes)
• Footnote: Withholding represents shares withheld for taxes upon vesting of RSUs granted on March 17, 2025 (per footnote F1)
• Filing date: 2026-09-21 (filed within the typical two-business-day Form 4 window — timely)
• Shares owned after transaction: not specified in this Form 4 filing

Context

• This was a cashless tax-withholding related to vested RSUs, a routine administrative disposition that doesn't necessarily indicate the insider is selling stock for investment reasons. Such withholdings are common when restricted awards vest and should be viewed differently than voluntary open-market sales or new purchases.