CBIZ director Richard T. Marabito disposes of 18,887 shares
The director's common shares converted into a $55.00-per-share cash right, while options were canceled for a cash payment tied to their exercise price.
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Rhea-AI Filing Summary
CBIZ, Inc. director Richard T. Marabito reported disposition to the issuer of 18,887 common shares and cancellation of 50,000 stock options on November 2, 2026, in connection with the merger. Under the merger terms, each common share was converted into a right to receive $55.00 in cash, without interest. Each option was canceled for a cash payment based on any excess of $55.00 over its $32.64 exercise price, multiplied by the number of shares subject to the option. The reported post-transaction positions were 0 common shares and 0 shares underlying the options.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option F3 | 50,000 | -- | -- |
| Disposition | Common Stock F1, F2 | 18,887 | -- | -- |
Footnotes (3)
- F1. Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 28, 2026, by and among the Issuer, Viking ParentCo, Inc., ("Parent"), and Viking MergerCo, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and an indirect wholly owned subsidiary of Parent.
- F2. Pursuant to the Merger Agreement, at the effective time of the merger, each outstanding share of common stock, par value $0.01 per share, of the Issuer ("Common Stock") was canceled and converted into the right to receive $55.00 in cash per share, without interest.
- F3. At the Effective Time, each outstanding option to purchase shares of Common Stock (an "Option") that was outstanding immediately prior to the Effective Time was canceled and converted into the right to receive a cash payment equal to the product of (i) the excess, if any, of $55.00 over the applicable exercise price per share of such Option and (ii) the number of shares subject to such Option. Each Option is currently exercisable.
Key Figures
Key Terms
Agreement and Plan of Merger technical
Effective Time technical
applicable exercise price financial
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