Jerome P. Grisko, CEO and President of CBIZ, Inc. (NYSE:CBZ), filed a Form 4 on November 2, 2026, reporting the cancellation and conversion of all beneficially owned common stock positions following the completion of a merger with Viking MergerCo, Inc.

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.
  • Merger consideration: 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.
  • Five positions canceled: Grisko's beneficial ownership across five reported positions - held directly and through trusts - was reduced to zero shares following the effective time of the merger.
  • Pre-merger holdings included: 383,179 shares held by trust, 177,914 shares held by 2025 SLAT, 345,675 shares held by SLAT, 127,652.3372 shares held directly, and 62,920 shares held by spousal trust.
  • RSUs converted to cash: Each unvested RSU held by Grisko was canceled and converted into a replacement cash-settled RSU award representing the right to receive $55.00 per underlying share, subject to the same vesting schedule.
  • 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 Merger Closes: Grisko's Beneficial Ownership Reduced to Zero Across All Positions

Jerome P. Grisko, CEO and President and a director of CBIZ, Inc. (NYSE:CBZ), filed a Form 4 dated November 2, 2026, disclosing changes in beneficial ownership resulting from the completion of a merger transaction. According to the filing, Merger Sub merged with and into CBIZ, Inc. on November 2, 2026, with CBIZ continuing as the surviving corporation and becoming an indirect wholly owned subsidiary of Viking ParentCo, Inc. The transaction was governed by the Agreement and Plan of Merger dated July 28, 2026.

The filing reports 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, Grisko's five reported beneficial ownership positions were each disposed of and reduced to zero. Those positions consisted of 383,179 shares held by trust, 177,914 shares held by the 2025 SLAT, 345,675 shares held by SLAT, 127,652.3372 shares held directly, and 62,920 shares held by a spousal trust. All transactions carry transaction code "D" as of November 2, 2026, and all post-transaction balances are reported as zero.

The filing further discloses that unvested RSUs held by Grisko were not forfeited but were instead canceled and converted into replacement cash-settled RSU awards. Each such award represents the right to receive $55.00 in cash for each underlying share and remains subject to, according to the filing, "the same vesting schedule and substantially the same terms and conditions applicable to the corresponding RSU immediately prior to the Effective Time." The Form 4 was signed by Jaileah X. Huddleston as attorney-in-fact for Jerome P. Grisko, Jr., on November 2, 2026.

What Was Disclosed

This Form 4 discloses the cancellation of all CBIZ common stock beneficially owned by CEO Jerome P. Grisko across five positions upon completion of a merger, with each share converted into $55.00 cash, and unvested RSUs converted into equivalent cash-settled awards.