Deluxe Corp (NYSE: DLX) director adds shares and new RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deluxe Corp director Hugh S. Cummins III increased his equity stake through routine equity awards. On April 23, 2026, 10,349 previously awarded restricted stock units vested and converted one-for-one into 10,349 shares of Common Stock, bringing his direct common share holdings to 11,385.
On the same date, he also received a new grant of 5,286 Restricted Stock Units under the company’s Non-Employee Director Stock and Deferral Plan. These RSUs are deferred and will convert into shares of Common Stock on future dates specified by the director. The filing shows no share sales or tax-withholding dispositions.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,349 shares exercised/converted
Mixed
3 txns
Insider
Cummins Hugh S. III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 5,286 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 10,349 | $0.00 | -- |
| Exercise | Common Stock | 10,349 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 5,286 shares (Direct, null);
Common Stock — 11,385 shares (Direct, null)
Footnotes (1)
- Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded. Consists of restricted stock units granted pursuant to the Company's Non-Employee Director Stock and Deferral Plan for which the Director elected to defer vesting pursuant to the Plan. The restricted stock units will convert to shares of Common Stock on deferred dates specified by the director.
Key Figures
Common shares from RSU vesting: 10,349 shares
Common shares held after transaction: 11,385 shares
New restricted stock units granted: 5,286 RSUs
+3 more
6 metrics
Common shares from RSU vesting
10,349 shares
Restricted stock units converted to Deluxe Corp common stock on April 23, 2026
Common shares held after transaction
11,385 shares
Direct Deluxe Corp common stock holdings following April 23, 2026 vesting
New restricted stock units granted
5,286 RSUs
Grant to non-employee director on April 23, 2026
RSUs converted
10,349 RSUs
Previously awarded RSUs that vested and converted one-for-one into common shares
Exercise/vesting transactions
1 event
Single derivative exercise/conversion event in transaction summary
Equity acquisitions this filing
3 transactions
All coded as acquire in transaction summary
Key Terms
Restricted Stock Unit, Non-Employee Director Stock and Deferral Plan, vesting, conversion, +1 more
5 terms
Restricted Stock Unit financial
"The filing lists "Restricted Stock Unit" as a derivative security title."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Non-Employee Director Stock and Deferral Plan financial
"Footnote describes RSUs granted pursuant to the Company's Non-Employee Director Stock and Deferral Plan."
vesting financial
"Transaction reflects vesting and conversion into shares on a one-for-one basis."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
conversion financial
"Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units."
Conversion is the exchange of one type of financial instrument for another, most commonly turning convertible bonds or preferred shares into common stock. It matters to investors because conversion changes the number of outstanding shares and ownership stakes—like trading a coupon for a slice of a company—potentially reducing each existing owner's portion, affecting per-share earnings, voting power and the market value of the stock.
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
FAQ
What did Deluxe Corp (DLX) director Hugh S. Cummins III report in this Form 4?
He reported routine equity compensation changes. 10,349 restricted stock units vested and converted into an equal number of Deluxe Corp common shares, and he received a new grant of 5,286 restricted stock units under the Non-Employee Director Stock and Deferral Plan.
What are the new restricted stock units granted to Hugh S. Cummins III at Deluxe Corp (DLX)?
He received 5,286 new restricted stock units on April 23, 2026. These were granted under Deluxe Corp’s Non-Employee Director Stock and Deferral Plan and will convert into shares of common stock on deferred dates specified in advance by the director.
How were the previously awarded Deluxe Corp (DLX) restricted stock units treated in this Form 4?
Previously awarded restricted stock units vested and converted into common stock on a one-for-one basis. Specifically, 10,349 restricted stock units became 10,349 shares of Deluxe Corp common stock, as explained in the footnote describing the vesting and conversion event.
Does the Deluxe Corp (DLX) Form 4 mention any deferral election by Hugh S. Cummins III?
Yes, a footnote explains that the 5,286 restricted stock units consist of awards granted under the Non-Employee Director Stock and Deferral Plan, for which the director elected to defer vesting and later conversion into Deluxe Corp common stock on specified future dates.