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Deluxe Announces Inducement Grant for Kimberly Cross

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Deluxe (NYSE: DLX) has announced an inducement grant for its newly appointed Senior Vice President, Chief Human Resources Officer, Kimberly D. Cross. The company granted her 34,468 restricted stock units valued at $800,000. The units will vest equally over two years, with installments on the first and second anniversary of the November 15, 2024 grant date.

Deluxe (NYSE: DLX) ha annunciato un conferimento di incentivazione per la sua recentemente nominata Vicepresidente Senior e Direttrice delle Risorse Umane, Kimberly D. Cross. L'azienda le ha concessa 34.468 unità azionarie con restrizioni del valore di 800.000 dollari. Le unità matureranno in modo equo nell'arco di due anni, con rate sui primi e secondi anniversari della data di concessione del 15 novembre 2024.

Deluxe (NYSE: DLX) ha anunciado una concesión de incentivos para su recientemente nombrada Vicepresidenta Senior y Directora de Recursos Humanos, Kimberly D. Cross. La compañía le otorgó 34,468 unidades de acciones restringidas valoradas en 800,000 dólares. Las unidades se adquirirán de forma equitativa a lo largo de dos años, con pagos en el primer y segundo aniversario de la fecha de concesión del 15 de noviembre de 2024.

Deluxe (NYSE: DLX)는 새로 임명된 수석 부사장 겸 인사 책임자인 Kimberly D. Cross에게 유인 보상을 발표했습니다. 회사는 그녀에게 34,468개의 제한 주식 단위800,000달러에 해당하는 가치를 부여했습니다. 이 주식은 두 해에 걸쳐 동일하게 분배되며, 2024년 11월 15일 부여일의 첫째 및 둘째 기념일에 분할됩니다.

Deluxe (NYSE: DLX) a annoncé une subvention d'incitation pour sa nouvelle vice-présidente senior et responsable des ressources humaines, Kimberly D. Cross. La société lui a accordé 34 468 unités d'actions restreintes d'une valeur de 800 000 dollars. Les unités seront acquises de manière égale sur deux ans, avec des versements lors du premier et du deuxième anniversaire de la date de subvention du 15 novembre 2024.

Deluxe (NYSE: DLX) hat eine Induktionszuwendung für seine neu ernannte Senior Vice President und Chief Human Resources Officer, Kimberly D. Cross, bekannt gegeben. Das Unternehmen hat ihr 34.468 eingeschränkte Aktienanteile im Wert von 800.000 Dollar gewährt. Die Anteile werden gleichmäßig über zwei Jahre zugeteilt, mit Raten am ersten und zweiten Jahrestag des Gewährungsdatums vom 15. November 2024.

Positive
  • Executive compensation aligned with long-term retention through 2-year vesting schedule
Negative
  • $800,000 in stock-based compensation expense to be recognized over two years

Insights

The inducement grant of $800,000 in restricted stock units to the new Chief HR Officer represents a standard executive compensation package. With 34,468 RSUs vesting over two years, this aligns with market practices for attracting senior talent. Given Deluxe's $1B market cap, this compensation package is proportional and structured to promote retention through the vesting schedule. This news, while important for disclosure purposes, has minimal impact on the company's financial outlook or stock performance.

MINNEAPOLIS--(BUSINESS WIRE)-- Deluxe (NYSE: DLX), a Trusted Payments and Data Company, has announced an inducement grant in connection with the recent hiring of Kimberly D. Cross as its Senior Vice President, Chief Human Resources Officer.

In connection with Ms. Cross’ hire, Deluxe agreed to grant to Ms. Cross restricted stock units in the aggregate amount of $800,000 as an inducement for her to join the company. The grant of 34,468 restricted stock units was made on November 15, 2024, and the units vest in two equal installments on the first and second anniversary of date of grant.

About Deluxe Corporation

Deluxe, a Trusted Payments and Data Company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world’s largest consumer brands, while processing more than $2 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers’ most trusted business partner. To learn how we can help your business, visit us at www.deluxe.com.

Brian Anderson, VP, Strategy & Investor Relations

651-447-4197

brian.anderson@deluxe.com



Keith Negrin, VP, Communications

612-669-1459

keith.negrin@deluxe.com

Source: Deluxe Corporation

FAQ

What is the value of Deluxe (DLX) inducement grant to Kimberly Cross?

Deluxe granted Kimberly Cross restricted stock units valued at $800,000 as an inducement for joining as SVP, Chief Human Resources Officer.

When will Deluxe (DLX) restricted stock units granted to Kimberly Cross vest?

The restricted stock units will vest in two equal installments on the first and second anniversary of the November 15, 2024 grant date.

How many restricted stock units did Deluxe (DLX) grant to Kimberly Cross?

Deluxe granted 34,468 restricted stock units to Kimberly Cross as an inducement award.

Deluxe Corporation

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