Deluxe (NYSE: DLX) SVP vests RSUs and withholds shares for taxes

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Rhea-AI Filing Summary

Deluxe Corp senior vice president Tracey G. Engelhardt reported equity award activity involving restricted stock units and common shares. On February 19, 2026, 13,298 restricted stock units vested and converted into 13,298 shares of common stock on a one-for-one basis under the company’s stock incentive plan. In a related move, 5,552 common shares were withheld at a price of $27.32 per share to cover tax liabilities tied to the vesting, which is a tax-withholding disposition rather than an open-market sale. After these transactions, Engelhardt directly held 26,596 restricted stock units and 115,615.59 shares of Deluxe common stock, with remaining units scheduled to vest in equal one-third increments on the first three anniversaries of the grant date, contingent on continued employment.

Insider Trade Summary

Net Buyer: 7,746 shares

Net Buy 3 txns

Insider Engelhardt Tracey G

Role SVP, Division President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	13,298	$0.00	$0.00
Exercise	Common Stock	13,298	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	5,552	$27.32	$152K

Holdings After Transaction: Restricted Stock Unit — 26,596 shares (Direct); Common Stock — 115,615.59 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. 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.

FAQ

What did Deluxe (DLX) executive Tracey Engelhardt report on this Form 4?

Tracey Engelhardt reported vesting of restricted stock units and related common stock movements. 13,298 units vested into 13,298 common shares, with 5,552 shares withheld to cover tax liabilities from the vesting under Deluxe’s stock incentive plan.

How many Deluxe (DLX) restricted stock units vested for Tracey Engelhardt?

13,298 restricted stock units vested for Tracey Engelhardt. These units converted into 13,298 Deluxe common shares on a one-for-one basis, as previously awarded under the company’s stock incentive plan and disclosed in the Form 4 filing.

Why were 5,552 Deluxe (DLX) shares disposed of in this Form 4?

5,552 Deluxe common shares were withheld to satisfy tax liabilities from the restricted stock unit vesting. The Form 4 classifies this as a tax-withholding disposition, not an open-market sale, at a transaction price of $27.32 per share.

How many Deluxe (DLX) shares does Tracey Engelhardt hold after these transactions?

After these transactions, Tracey Engelhardt directly holds 115,615.59 Deluxe common shares. The Form 4 also shows continued ownership of 26,596 restricted stock units, which remain subject to the plan’s vesting schedule and employment conditions.

What is the vesting schedule for Tracey Engelhardt’s Deluxe (DLX) restricted stock units?

The restricted stock units vest in equal one-third increments on the first three anniversaries of the grant date. Upon each vesting, one unit converts into one Deluxe common share, with vesting generally contingent on Tracey Engelhardt’s continued employment.

Are the Deluxe (DLX) shares in this Form 4 open-market purchases or sales?

The transactions are not open-market buys or sells. The Form 4 describes an exercise or conversion of restricted stock units into common shares and a tax-withholding disposition, where 5,552 shares were withheld to cover tax obligations from the vesting.

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Accepted by SEC EDGAR 02/20/2026 - 04:49 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^*

Engelhardt Tracey G

(Last)

(First)

(Middle)

801 MARQUETTE AVE. S.

(Street)

MINNEAPOLIS

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, Division President

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)
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	02/19/2026		M		13,298⁽¹⁾	A	$0	121,167.59	D
Common Stock	02/19/2026		F		5,552⁽²⁾	D	$27.32	115,615.59	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	02/19/2026		M			13,298	02/19/2026⁽³⁾	02/19/2028	Common Stock	13,298	$0	26,596	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).
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.

Source: View Original Filing on SEC EDGAR