Deluxe executive vests RSUs, pays taxes in stock
Deluxe Corp Chief Technology & Digital Officer Yogaraj Jeyaprakasam exercised and vested 4,163 restricted stock units, converting them into common shares on a one-for-one basis.
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Form Type
4
Rhea-AI Filing Summary
Deluxe Corp Chief Technology & Digital Officer Yogaraj Jeyaprakasam exercised and vested 4,163 restricted stock units, converting them into common shares on a one-for-one basis. To cover related tax liabilities, 1,688 common shares were withheld at $25.31 per share, leaving him with 101,581 directly held shares.
Insider Trade Summary
4,163 shares exercised/converted
Exercise
3 txns
Insider
Jeyaprakasam Yogaraj
Role
Chief Tech. & Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,163 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,163 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,688 | $25.31 | $43K |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 101,581.06 shares (Direct)
Footnotes (3)
- F1. Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.
- F2. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.
- F3. Includes securities purchased under the Company's Employee Stock Purchase Plan.
Key Figures
RSUs vested and converted: 4,163 units/shares
Shares withheld for taxes: 1,688 shares
Tax withholding price: $25.31 per share
+3 more
6 metrics
RSUs vested and converted
4,163 units/shares
Restricted stock units converted one-for-one into common stock
Shares withheld for taxes
1,688 shares
Withholding to satisfy tax liabilities on RSU vesting
Tax withholding price
$25.31 per share
Price used for 1,688-share tax-withholding disposition
Shares held after transaction
101,581.06 shares
Direct common stock holdings following tax withholding
Exercised derivative shares
4,163 shares
Exercise/conversion of restricted stock units into common stock
Tax-withholding shares count
1,688 shares
TaxWithholdingCount 1, TaxWithholdingShares 1,688
Key Terms
Restricted Stock Unit, tax liabilities, Employee Stock Purchase Plan
3 terms
Restricted Stock Unit financial
"Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded."
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.
tax liabilities financial
"Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units."
Employee Stock Purchase Plan financial
"Includes securities purchased under the Company's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Deluxe (DLX) report for Yogaraj Jeyaprakasam?
Deluxe reported that Chief Technology & Digital Officer Yogaraj Jeyaprakasam vested and converted 4,163 restricted stock units into common shares. As part of this vesting event, some of the resulting shares were withheld to satisfy associated tax obligations.
How many restricted stock units did the Deluxe (DLX) executive vest?
The executive vested 4,163 restricted stock units, which converted into an equal number of Deluxe common shares. The filing notes a one-for-one conversion ratio, reflecting a standard RSU vesting event rather than an open-market purchase of additional stock.
What are Yogaraj Jeyaprakasam’s Deluxe (DLX) holdings after the transactions?
After the vesting and tax-withholding transactions, Yogaraj Jeyaprakasam directly holds 101,581.06 Deluxe common shares. This total includes shares obtained through equity awards and securities purchased under the company’s Employee Stock Purchase Plan, according to the filing footnotes.
Does the Deluxe (DLX) Form 4 reflect any open-market stock sales or purchases?
The Form 4 reflects an RSU vesting and related tax withholding, not open-market trades. Codes M and F indicate derivative exercise and tax-withholding disposition, meaning shares were issued from awards and a portion withheld for taxes rather than sold in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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