Deluxe (DLX) CFO gains shares and withholds stock to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deluxe Corp senior vice president and chief financial officer William C. Zint reported equity award activity tied to restricted stock units. On February 19, 2026, 11,198 restricted stock units vested and converted on a one-for-one basis into common shares at no cash exercise price.
To cover tax liabilities from this vesting, 4,988 common shares were withheld at a price of $27.32 per share. After these transactions, Zint directly owned 55,889 shares of Deluxe common stock. The restricted stock units were granted under the company’s stock incentive plan and vest in three equal annual installments, generally contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,198 shares exercised/converted
Mixed
3 txns
Insider
Zint William C
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 11,198 | $0.00 | -- |
| Exercise | Common Stock | 11,198 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,988 | $27.32 | $136K |
Holdings After Transaction:
Restricted Stock Unit — 22,397 shares (Direct);
Common Stock — 60,877 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.
FAQ
What insider transactions did Deluxe (DLX) report for William C. Zint?
Deluxe reported that CFO William C. Zint had 11,198 restricted stock units vest and convert into common shares. He also had 4,988 shares withheld to satisfy tax liabilities associated with that vesting, all recorded on February 19, 2026.
How do the Deluxe (DLX) restricted stock units for the CFO vest?
The restricted stock units were granted under Deluxe’s Stock Incentive Plan and vest in three equal one-third installments on each of the first three anniversaries of the grant date. Upon each vesting, one unit converts into one common share, generally requiring continued employment.
What type of Form 4 transactions did Deluxe (DLX) disclose for its CFO?
The filing shows an M-code transaction for exercise or conversion of derivative securities, reflecting RSU vesting, and an F-code transaction, representing shares withheld to pay tax liabilities related to that vesting, rather than discretionary share sales.