Deluxe insider Form 4 details 2,154 RSU vesting, share withholding

Rhea-AI Filing Summary

Deluxe Corporation (DLX) insider filing shows routine equity compensation activity by the Chief Accounting Officer. On 11/14/2025, 2,154 restricted stock units vested and were converted into the same number of shares of common stock at an exercise price of $0. To cover tax liabilities from this vesting, 637 shares were withheld and disposed of at $20.21 per share, leaving the officer with 1,929 shares of common stock beneficially owned directly afterward. The filing also notes that 4,309 restricted stock units remain beneficially owned and that the reported holdings include securities purchased under the company’s Employee Stock Purchase Plan.

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

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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^*

Moyer Kelly

(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)
	Chief Accounting Officer, PAO

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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	11/14/2025		M		2,154	A	$0	2,154	D
Common Stock	11/14/2025		F		637	D	$20.21(1)	1,929(2)	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	11/14/2025		M			2,154	11/15/2025(3)	11/15/2027	Common Stock	2,154	$20.21	4,309	D

Explanation of Responses:

1. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.

2. Includes securities purchased under the Company's Employee Stock Purchase Plan.

3. Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	11/18/2025
	** 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.

FAQ

What insider transaction did Deluxe (DLX) report in this Form 4?

The Form 4 reports that Deluxe Corporation’s Chief Accounting Officer had 2,154 restricted stock units vest and convert into 2,154 shares of common stock on 11/14/2025, with related share withholding for taxes.

How many Deluxe (DLX) shares were withheld for taxes in this transaction?

The filing states that 637 shares of Deluxe common stock were withheld and disposed of at $20.21 per share to satisfy tax liabilities associated with the vesting of restricted stock units.

How many Deluxe (DLX) shares does the reporting person own after the transaction?

After the reported transactions on 11/14/2025, the reporting person beneficially owns 1,929 shares of Deluxe common stock directly.

What is the position of the insider involved at Deluxe (DLX)?

The reporting person is an officer of Deluxe Corporation, serving as Chief Accounting Officer and PAO.

How many restricted stock units in Deluxe (DLX) remain after this vesting?

The filing shows that 4,309 restricted stock units remain beneficially owned following the reported transaction, with the vested 2,154 units converting into common shares on a one-for-one basis.

Does the Deluxe (DLX) Form 4 mention an Employee Stock Purchase Plan?

Yes. The explanation of responses notes that the reported beneficial ownership includes securities purchased under the company’s Employee Stock Purchase Plan.

What were the key transaction codes used in this Deluxe (DLX) Form 4?

The filing uses code M to indicate the vesting and conversion of 2,154 restricted stock units into common stock, and code F to indicate the withholding of 637 shares to satisfy tax liabilities.