Director Rodney A. Young filed a Form 4 with the SEC on November 2, 2026, reporting the disposition of 15,361 shares of common stock and 50,000 stock options in CBIZ, Inc. as a result of a completed merger in which each share was canceled and converted into a right to receive $55.00 in cash.

Key Highlights

  • Merger completed: According to the filing, Merger Sub merged with and into CBIZ, Inc., with CBIZ continuing as the surviving corporation and an indirect wholly owned subsidiary of Viking ParentCo, Inc.
  • Share cancellation price: 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.
  • Shares disposed: Rodney A. Young reported the disposition of 15,361 shares of common stock, with zero shares remaining following the transaction.
  • Stock option cancellation: 50,000 stock options with an exercise price of $48.40 were canceled and converted into the right to receive a cash payment equal to the excess of $55.00 over the exercise price, multiplied by the number of shares subject to the option.
  • Options fully exercisable: The filing states that each option was currently exercisable at the effective time of the merger.
  • Merger Agreement date: The Agreement and Plan of Merger was dated July 28, 2026, among CBIZ, Inc., Viking ParentCo, Inc., and Viking MergerCo, Inc.

CBIZ Director's Holdings Canceled at Effective Time of Viking Merger

According to the Form 4 filed by Rodney A. Young, a director of CBIZ, Inc. (NYSE:CBZ), all of his directly held common stock and stock options in the company were disposed of on November 2, 2026, the transaction date listed in the filing. The dispositions were not open-market sales but were instead the result of a merger transaction governed by a previously announced Agreement and Plan of Merger dated July 28, 2026.

The filing discloses that Viking MergerCo, Inc. merged with and into CBIZ, Inc., with CBIZ surviving as an indirect wholly owned subsidiary of Viking ParentCo, Inc. At the effective time of the merger, each outstanding share of CBIZ common stock was "canceled and converted into the right to receive $55.00 in cash per share, without interest," according to the filing's explanation of responses. Young held 15,361 shares directly, which were fully disposed of, leaving a post-transaction beneficial ownership of zero shares.

Separately, Young held a stock option to purchase 50,000 shares of common stock at an exercise price of $48.40, with an expiration date of February 8, 2029. The filing states that at the effective time, 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 also notes that each option was currently exercisable. Following the transaction, Young's derivative security holdings in the company stand at zero.

What Was Disclosed

Director Rodney A. Young disclosed the cancellation and conversion of 15,361 shares of CBIZ common stock and 50,000 stock options at the effective time of the merger with Viking MergerCo, Inc., leaving him with no remaining beneficial ownership in the company.