Director Richard T. Marabito filed a Form 4 with the SEC on November 2, 2026, reporting the cancellation and conversion of 18,887 shares of CBIZ, Inc. common stock and 50,000 stock options as a result of a completed merger transaction.

Key Highlights

  • Reporting person: Richard T. Marabito, identified as a Director of CBIZ, Inc. (NYSE:CBZ).
  • Shares disposed: 18,887 shares of common stock were canceled and converted into the right to receive $55.00 in cash per share, without interest, reducing his direct beneficial ownership to 0 shares.
  • Options canceled: 50,000 stock options with an exercise price of $32.64 per share were canceled and converted into the right to receive a cash payment equal to the excess of $55.00 over the $32.64 exercise price, multiplied by 50,000 shares.
  • Transaction date: November 2, 2026, which is also the date of earliest transaction reported.
  • Merger parties: According to the filing, Merger Sub (Viking MergerCo, Inc.) merged with and into CBIZ, Inc., with CBIZ continuing as the surviving corporation and becoming an indirect wholly owned subsidiary of Viking ParentCo, Inc.
  • Merger Agreement date: The Agreement and Plan of Merger was dated July 28, 2026, according to the filing.

CBIZ Merger Triggers Cancellation of Marabito's Stock and Options

According to the Form 4 filed on November 2, 2026, Richard T. Marabito reported the disposition of all directly held CBIZ, Inc. common stock and derivative securities following the completion of a merger. The filing states that Viking MergerCo, Inc. merged with and into CBIZ, Inc. pursuant to an Agreement and Plan of Merger dated July 28, 2026, with CBIZ continuing as the surviving corporation and becoming an indirect wholly owned subsidiary of Viking ParentCo, Inc.

The filing discloses that at the effective time of the merger, each outstanding share of CBIZ common stock, par value $0.01 per share, "was canceled and converted into the right to receive $55.00 in cash per share, without interest." As a result, Marabito's 18,887 directly held shares were disposed of, leaving him with a beneficial ownership of 0 shares. The transaction code recorded in the filing is "D" for disposed.

With respect to derivative securities, the filing reports that 50,000 stock options with an exercise price of $32.64 per share, and an expiration date of August 12, 2027, were also canceled at the effective time. The filing states that each outstanding option "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." The filing notes that each option was currently exercisable. Following the transaction, Marabito's beneficial ownership of derivative securities stands at 0. The Form 4 was signed by Jaileah X. Huddleston as Attorney-in-Fact for Richard T. Marabito.

What Was Disclosed

Richard T. Marabito, a Director at CBIZ, Inc. (NYSE:CBZ), reported the merger-driven cancellation of 18,887 common shares at $55.00 per share and 50,000 stock options at a $32.64 exercise price, reducing all direct beneficial ownership to zero as of November 2, 2026.