Michael P. Kouzelos, President of Employee Services at CBIZ, Inc., filed a Form 4 on November 2, 2026, reporting the cancellation and conversion of his directly held common stock and unvested RSUs following the completion of a merger involving CBIZ, Inc. (NYSE:CBZ).

Key Highlights

  • Merger completed: 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.
  • 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.
  • Shares following transaction: Kouzelos reported 389,718 shares of common stock beneficially owned directly, followed by 0 shares directly held after the reported transaction.
  • RSU treatment: Each unvested RSU held by Kouzelos was canceled and converted into a replacement cash-settled RSU award representing the right to receive $55.00 in cash for each underlying share, subject to the same vesting schedule and substantially the same terms and conditions.
  • Merger Agreement date: The Agreement and Plan of Merger was dated July 28, 2026, by and among CBIZ, Inc., Viking ParentCo, Inc., and Viking MergerCo, Inc.

CBIZ Merger Closes: Kouzelos Holdings Canceled and Converted Under Viking ParentCo Transaction

According to the Form 4 filed on November 2, 2026, Michael P. Kouzelos, who serves as President, Employee Services at CBIZ, Inc., reported changes to his beneficial ownership of CBIZ common stock resulting from the completion of a going-private merger transaction. The filing identifies the transaction date as November 2, 2026, and notes that Merger Sub merged with and into CBIZ, with CBIZ continuing as the surviving corporation and becoming an indirect wholly owned subsidiary of Viking ParentCo, Inc.

The filing discloses that pursuant to the Merger Agreement, at the effective time of the merger, each outstanding share of CBIZ common stock with 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. Kouzelos reported that his direct beneficial ownership stood at 389,718 shares prior to the effective time, which was reduced to 0 shares following the transaction, consistent with the cancellation of all outstanding shares under the merger terms.

With respect to equity awards, the filing states that each unvested RSU held by Kouzelos at the effective time was canceled and converted into a replacement cash-settled RSU award representing the right to receive $55.00 in cash for each underlying share. According to the filing, these replacement awards remain "subject to 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 Michael P. Kouzelos on November 2, 2026.

What Was Disclosed

The filing reports that Kouzelos's 389,718 directly held CBIZ shares were canceled at $55.00 per share in cash upon completion of the merger, and his unvested RSUs were converted into cash-settled replacement awards at the same per-share price, subject to existing vesting terms.