Deluxe executive reports RSU vesting and tax shares

Deluxe Corp executive Brian Mahony reported equity award activity involving restricted stock units and common stock.

Rhea-AI Filing Summary

Deluxe Corp executive Brian Mahony reported equity award activity involving restricted stock units and common stock. On the reported date, 5,132 restricted stock units vested and were converted into 5,132 shares of common stock on a one-for-one basis under the company’s stock incentive plan.

To cover tax liabilities from this vesting, 2,508 shares of common stock were withheld at a price of $27.32 per share as a tax-withholding disposition, leaving Mahony with 2,624 common shares held directly after these transactions.

Insider Trade Summary

5,132 shares exercised/converted

Exercise 3 txns

Insider Mahony Brian

Role President, Merchant Services

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	5,132	$0.00	$0.00
Exercise	Common Stock	5,132	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,508	$27.32	$69K

Holdings After Transaction: Restricted Stock Unit — 10,266 contracts (Direct); Common Stock — 2,624 shares (Direct)

Footnotes (3)

1. F1. Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.
2. F2. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.
3. 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

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What insider transactions did Deluxe Corp (DLX) executive Brian Mahony report?

Brian Mahony reported vesting of 5,132 restricted stock units that converted into common shares, and a related tax-withholding disposition of 2,508 common shares. These actions arose from equity awards under Deluxe Corp’s stock incentive plan, not from open-market share purchases or sales.

How many Deluxe Corp (DLX) restricted stock units vested for Brian Mahony?

A total of 5,132 restricted stock units vested for Brian Mahony and converted into 5,132 common shares on a one-for-one basis. These units were previously granted under Deluxe Corp’s stock incentive plan and vest in scheduled installments, contingent on continued employment with the company.

Why were 2,508 Deluxe Corp (DLX) shares disposed of in Mahony’s Form 4 filing?

The 2,508 shares were withheld to satisfy tax liabilities triggered by the vesting of restricted stock units, at a price of $27.32 per share. This tax-withholding disposition is an administrative transaction, rather than an open-market share sale initiated for investment reasons.

What are the vesting terms of Brian Mahony’s Deluxe Corp (DLX) restricted stock units?

Mahony’s restricted stock units were granted under Deluxe Corp’s stock incentive plan and vest in equal one-third increments on the first three anniversaries of the grant date. Upon vesting, each unit converts into one common share, generally contingent on his continued employment with the company.

How many Deluxe Corp (DLX) common shares did Brian Mahony hold after these transactions?

After the reported transactions, Mahony directly held 2,624 common shares, following both the conversion of vested restricted stock units and the withholding of 2,508 shares for taxes. He also held 10,266 restricted stock units after the derivative transaction disclosed in the Form 4 filing.

What do the transaction codes M and F mean in the Deluxe Corp (DLX) Form 4?

Code M indicates an exercise or conversion of a derivative security, here the conversion of restricted stock units into common shares. Code F indicates a tax-withholding disposition, where shares are withheld or delivered to cover tax liabilities associated with equity award vesting.

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Accepted by SEC EDGAR 02/20/2026 - 04:50 PM EST Learn about SEC filing dates

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^*

Mahony Brian

(Last) (First) (Middle)

801 MARQUETTE AVE. 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)
	President, Merchant Services

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		5,132(1)	A	$0	5,132	D
Common Stock	02/19/2026		F		2,508(2)	D	$27.32	2,624	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			5,132	02/19/2026	02/19/2028(3)	Common Stock	5,132	$0	10,266	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.