Director A. Haag Sherman filed a Form 4 with the SEC on November 2, 2026, reporting the disposition of 47,771 shares of CBIZ, Inc. common stock following the completion of a merger that converted each share into a $55.00 cash payment.

Key Highlights

  • Director identified: A. Haag Sherman, a director of CBIZ, Inc. (NYSE:CBZ), is the reporting person.
  • Shares disposed: 47,771 shares of common stock were canceled and disposed of on November 2, 2026, leaving Sherman with 0 shares beneficially owned.
  • Merger consideration: According to the filing, each share was "canceled and converted into the right to receive $55.00 in cash per share, without interest."
  • Merger parties: The filing identifies Viking ParentCo, Inc. as the Parent and Viking MergerCo, Inc. as the Merger Sub, with CBIZ, Inc. continuing as the surviving corporation and an indirect wholly owned subsidiary of Parent.
  • Merger Agreement date: The Agreement and Plan of Merger was dated July 28, 2026, according to the filing.
  • Transaction code: The disposition is recorded with transaction code D, reflecting a disposition of directly owned shares.

Sherman's CBIZ Holdings Reduced to Zero After Merger Completion

According to the Form 4 filed on November 2, 2026, director A. Haag Sherman reported that all 47,771 shares of CBIZ, Inc. common stock he directly held were canceled on that date. The disposition was not a market sale but a result of the closing of a merger transaction. The filing states that Merger Sub merged with and into CBIZ, Inc., with CBIZ continuing as the surviving corporation and becoming an indirect wholly owned subsidiary of Viking ParentCo, Inc.

The filing explains that the disposition occurred "pursuant to the terms of the Agreement and Plan of Merger," dated July 28, 2026, by and among CBIZ, Inc., Viking ParentCo, Inc., and Viking MergerCo, Inc. At the effective time of the merger, each outstanding share of CBIZ common stock, carrying a par value of $0.01 per share, was canceled and converted into the right to receive $55.00 in cash per share, without interest. Following the transaction, Sherman's beneficial ownership of CBIZ common stock stands at zero shares, as reported in the filing.

The Form 4 was signed by Jaileah X. Huddleston as Attorney-in-Fact for A. Haag Sherman and carries a signature date of November 2, 2026. No derivative securities were reported in Table II of the filing.

What Was Disclosed

Director A. Haag Sherman disclosed the cancellation of 47,771 directly held CBIZ, Inc. shares on November 2, 2026, pursuant to a merger agreement under which each share was converted into $55.00 in cash, leaving Sherman with zero beneficial ownership.