Tax withholding trims CBIZ (NYSE: CBZ) officer stake by 266 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CBIZ, Inc. Chief Accounting Officer Michael T. Mangan reported a tax-related share withholding tied to equity compensation. On February 8, 2026, 266 shares of common stock were withheld at $38.27 per share upon vesting of previously reported restricted stock units granted on February 8, 2023.
After this transaction, Mangan beneficially owns 3,421.4082 shares of CBIZ common stock in direct ownership. The filing reflects administrative settlement of tax obligations rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mangan Michael T.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 266 | $38.27 | $10K |
Holdings After Transaction:
Common Stock — 3,421.408 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CBIZ (CBZ) report for Michael T. Mangan?
CBIZ reported that Chief Accounting Officer Michael T. Mangan had 266 shares of common stock withheld for taxes. This occurred upon vesting of restricted stock units that were originally granted on February 8, 2023, and is a routine equity compensation event.
Was the CBIZ (CBZ) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 266 CBIZ shares were withheld to satisfy tax obligations when previously granted restricted stock units vested, as disclosed in the footnote, rather than being sold on the open market.
What does transaction code "F" mean in the CBIZ (CBZ) Form 4 filing?
Transaction code “F” indicates shares were withheld to pay taxes upon vesting of equity awards. In this CBIZ filing, 266 shares were withheld when previously reported restricted stock units vested, rather than being voluntarily bought or sold on the open market.
What role does Michael T. Mangan hold at CBIZ (CBZ)?
Michael T. Mangan is identified as an officer of CBIZ, serving as Chief Accounting Officer. The Form 4 reflects his Section 16 reporting obligation for changes in beneficial ownership of CBIZ common stock related to equity compensation vesting and tax withholding.