Kouzelos Michael P

Kouzelos Michael P, President of Employee Services at CBIZ, Inc. (NYSE: CBZ), has demonstrated a consistent pattern of selling activity over the past several years, with no recorded purchases of company stock. According to SEC Form 4 filings, Kouzelos has executed 24 transactions since early 2024, all involving dispositions of CBZ shares, totaling approximately $2.53 million in aggregate value. The sales have occurred in clusters, particularly in February of each year, suggesting a possible structured divestment plan. Notable transactions include a $955,438 sale on February 9, 2024, followed by a $572,033 sale on February 12, 2025. More recent activity in February 2026 involved smaller dispositions, including $145,220 on February 11 and $29,483 on February 14. The filings indicate that Kouzelos’s transactions are primarily coded as "F" (representing sales of shares to cover tax obligations or other financial commitments) alongside occasional "A" (award or grant of securities) and "M" (exercise of derivative securities) codes with no reported value. The absence of any buy transactions and the recurring February sales—often in the $100,000 to $500,000 range—point to a deliberate reduction in equity exposure rather than active trading. While the sales represent a significant outflow, they do not necessarily signal a loss of confidence, as executives frequently liquidate holdings for personal financial planning. The consistency in timing and method suggests these transactions are part of a prearranged trading plan under SEC Rule 10b5-1, though no explicit confirmation is provided in the filings.