Deluxe Corp (DLX) SVP exercises RSUs, withholds shares for tax

Rhea-AI Filing Summary

Deluxe Corp senior vice president and chief human resources officer Kimberly D. Cross reported equity compensation activity tied to restricted stock units. On February 19, 2026, 3,732 restricted stock units vested and converted on a one-for-one basis into 3,732 shares of common stock at no cost.

To cover associated tax liabilities from this vesting, 1,674 shares of common stock were withheld at $27.32 per share. After these transactions, Cross directly held 12,477 shares of Deluxe common stock and 7,466 restricted stock units that continue to vest in equal one-third increments over three years, contingent on continued employment.

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

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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^*

Cross Kimberly D

(Last) (First) (Middle)

801 MARQUETTE AVENUE S

(Street)

MINNEAPOLIS MN 55402

(City) (State) (Zip)

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)
	SVP, CHRO

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		M		3,732(1)	A	$0	14,151	D
Common Stock	02/19/2026		F		1,674(2)	D	$27.32	12,477	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$0	02/19/2026		M			3,732	02/19/2026(3)	02/19/2028	Common Stock	3,732	$0	7,466	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. Restricted stock units granted under the Company's Stock Incentive Plan that vest in equal one-third increments on the first three anniversaries of date of grant. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	02/20/2026
	** 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).
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FAQ

What insider activity did Deluxe (DLX) report for Kimberly D. Cross?

Deluxe reported that SVP and CHRO Kimberly D. Cross had 3,732 restricted stock units vest and convert into 3,732 common shares, with 1,674 shares withheld to cover taxes, reflecting routine equity compensation activity rather than an open-market stock purchase or sale.

How many Deluxe (DLX) shares did Kimberly D. Cross acquire and dispose of?

Kimberly D. Cross acquired 3,732 Deluxe common shares through the vesting and conversion of restricted stock units and disposed of 1,674 shares via tax-withholding at $27.32 per share, leaving her with a larger net direct holding after the non-cash tax settlement.

What are Kimberly D. Cross’s Deluxe (DLX) holdings after the Form 4 transactions?

Following the reported transactions, Kimberly D. Cross directly held 12,477 shares of Deluxe common stock and 7,466 restricted stock units, which represent additional potential shares that may be delivered in the future as the awards continue to vest over time.

How do Kimberly D. Cross’s restricted stock units in Deluxe (DLX) vest?

Her restricted stock units were granted under Deluxe’s Stock Incentive Plan and vest in equal one-third increments on each of the first three anniversaries of the grant date, with each vested unit converting into one common share, subject to continued employment and certain limited exceptions.

Was the Deluxe (DLX) Form 4 a market buy or sell by Kimberly D. Cross?

The Form 4 does not show an open-market buy or sell. It reports RSU vesting and conversion into 3,732 common shares, and a tax-withholding disposition of 1,674 shares at $27.32, typical of equity compensation rather than discretionary trading activity in the market.