Deluxe (NYSE: DLX) tech chief vests RSUs, with 1,688 shares withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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

Mixed 3 txns

Insider Jeyaprakasam Yogaraj

Role Chief Tech. & Digital Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	4,163	$0.00	--
Exercise	Common Stock	4,163	$0.00	--
Tax Withholding	Common Stock	1,688	$25.31	$43K

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 102,975.06 shares (Direct, null)

Footnotes (1)

Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units. 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.

Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 01:40 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jeyaprakasam Yogaraj

(Last)

(First)

(Middle)

801 MARQUETTE AVE S.

(Street)

MINNEAPOLIS

MINNESOTA

55402

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DELUXE CORP [ DLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Tech. & Digital Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/13/2026		M		4,163⁽¹⁾	A	$0	102,975.06	D
Common Stock	05/13/2026		F		1,688⁽²⁾	D	$25.31	101,581.06⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	$0	05/13/2026		M			4,163	05/13/2023⁽¹⁾	05/13/2026	Common Stock	4,163	$0	0	D

Explanation of Responses:

1. Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.

2. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.

3. Includes securities purchased under the Company's Employee Stock Purchase Plan.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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 Deluxe (DLX) shares were withheld for taxes in this Form 4?

A total of 1,688 Deluxe common shares were withheld to cover tax liabilities tied to the RSU vesting. The withholding price reported was $25.31 per share, reflecting a non-market tax-settlement disposition rather than an open-market sale.

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.