Deluxe Corp (DLX) executive reports RSU vesting and tax share withholding

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.

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

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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^*

Lazzaretti Kristopher D

(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, Data Solutions

3. Date of Earliest Transaction (Month/Day/Year)
02/14/2026

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	02/14/2026		M		1,671(1)	A	$0	26,365.35	D
Common Stock	02/14/2026		F		854(2)	D	$26.21	25,511.35	D
Common Stock	02/15/2026		M		3,410(1)	A	$0	28,921.35	D
Common Stock	02/15/2026		F		1,741(2)	D	$26.21	27,180.35	D
Common Stock	02/16/2026		M		1,542(1)	A	$0	28,722.35	D
Common Stock	02/16/2026		F		788(2)	D	$26.21	27,934.35	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	02/14/2026		M			1,671	(3)	02/14/2027	Common Stock	1,671	$0	1,671	D
Restricted Stock Unit	$0	02/15/2026		M			3,410	(3)	02/15/2026	Common Stock	3,410	$0	0	D
Restricted Stock Unit	$0	02/16/2026		M			1,542	(4)	02/15/2025	Common Stock	1,542	$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. 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.

4. 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.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	02/18/2026
	** 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 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.

Were any of Kristopher Lazzaretti’s DLX share dispositions open-market sales?

The dispositions reported used transaction code F, indicating shares were withheld to pay tax liabilities. Footnotes explain these were tax-withholding dispositions associated with RSU vesting, not discretionary open-market sales, and were executed at a price of $26.21 per share.

What is Kristopher Lazzaretti’s DLX share ownership after these Form 4 transactions?

Following the RSU vesting and tax share withholding transactions on February 14–16, 2026, Kristopher D. Lazzaretti directly owned 27,934.35 shares of Deluxe Corp common stock, as reported in the post-transaction ownership fields for his non-derivative holdings.

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.