Deluxe Corp (DLX) executive reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DELUXE CORP executive reports RSU vesting and tax share withholding. President, Data Solutions Kristopher D. Lazzaretti exercised restricted stock units on February 14–16, 2026, converting 1,671, 3,410 and 1,542 units into common shares at $0.00 per share.
To cover tax liabilities on these vestings, he disposed of 854, 1,741 and 788 common shares at $26.21 per share through share withholding rather than open-market sales. After these transactions, he directly owned 27,934.35 shares of Deluxe Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,623 shares exercised/converted
Mixed
9 txns
Insider
Lazzaretti Kristopher D
Role
President, Data Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,542 | $0.00 | -- |
| Exercise | Common Stock | 1,542 | $0.00 | -- |
| Tax Withholding | Common Stock | 788 | $26.21 | $21K |
| Exercise | Restricted Stock Unit | 3,410 | $0.00 | -- |
| Exercise | Common Stock | 3,410 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,741 | $26.21 | $46K |
| Exercise | Restricted Stock Unit | 1,671 | $0.00 | -- |
| Exercise | Common Stock | 1,671 | $0.00 | -- |
| Tax Withholding | Common Stock | 854 | $26.21 | $22K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 28,722.35 shares (Direct)
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. 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. Restricted stock units granted under the Company's Stock Incentive Plan that vest in equal one-quarter increments on the first four 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 Corp (DLX) executive Kristopher Lazzaretti report in this Form 4?
Kristopher D. Lazzaretti reported vesting of restricted stock units and related tax share withholding. Several RSU awards converted into common stock, and some shares were withheld at $26.21 per share to satisfy tax obligations, changing his direct ownership position.
How many restricted stock units vested for DLX executive Kristopher Lazzaretti?
Across February 14–16, 2026, multiple RSU tranches vested, including 1,671, 3,410 and 1,542 units. Each restricted stock unit converted into one share of Deluxe Corp common stock upon vesting under the company’s stock incentive plan, as described in the footnotes.
How do Kristopher Lazzaretti’s Deluxe Corp RSUs vest over time?
Footnotes state some restricted stock units vest in equal one-third installments over three years, others in one-quarter installments over four years. Upon each vesting date, each unit converts into one share of common stock, generally contingent on continued employment with Deluxe Corp.
What do the M and F transaction codes mean in this DLX Form 4?
Code M reflects exercise or conversion of derivative securities, here the vesting and conversion of RSUs into common stock at zero exercise price. Code F reflects dispositions of shares to satisfy tax liabilities or exercise costs by delivering securities instead of paying cash.