Deluxe awards 54,753 RSUs to merchant chief
Deluxe Corp granted 54,753 restricted stock units to its Merchant Services president, vesting over three years.
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Form Type
4
Rhea-AI Filing Summary
DELUXE CORP (DLX) reported that Kevin Grant Jones, President, Merchant Services, received an award of 54,753 restricted stock units on September 1, 2026. The units were granted at no cash cost under the company’s Stock Incentive Plan and will convert into common shares upon vesting. Two-thirds of the award vests on August 31, 2028 and the remaining one-third on August 31, 2029, contingent on continued employment, subject to certain exceptions.
Insider Trade Summary
Grant/Award: 54,753 shares
Grant/Award
1 txn
Insider
Jones Kevin Grant
Role
President, Merchant Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 54,753 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 54,753 contracts (Direct)
Footnotes (1)
- F1. Restricted stock units granted under the Company's Stock Incentive Plan, two-thirds of which vest on the second anniversary of the grant date and the following one-third on the third anniversary of the grant date. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.
Key Figures
Restricted stock units granted: 54,753 units
Price per unit: $0.00 per unit
Vesting portion on second anniversary: Two-thirds of 54,753 units
+3 more
6 metrics
Restricted stock units granted
54,753 units
Award to Kevin Grant Jones on September 1, 2026
Price per unit
$0.00 per unit
Compensation grant under Stock Incentive Plan
Vesting portion on second anniversary
Two-thirds of 54,753 units
Vests on second anniversary of grant date
Vesting portion on third anniversary
One-third of 54,753 units
Vests on third anniversary of grant date
Expiration date
August 31, 2029
Expiration date reported for the RSU award entry
Shares following transaction
54,753 units
Total restricted stock units held from this award after grant
Key Terms
Restricted stock units, Stock Incentive Plan, vesting, continued employment
4 terms
Restricted stock units financial
"Restricted stock units granted under the Company's Stock Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Incentive Plan financial
"Restricted stock units granted under the Company's Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
vesting financial
"two-thirds of which vest on the second anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continued employment financial
"vesting is contingent upon continued employment"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DELUXE CORP (DLX) report for Kevin Grant Jones?
DELUXE CORP reported that Kevin Grant Jones received a grant of 54,753 restricted stock units on September 1, 2026. The award was made under the company’s Stock Incentive Plan at no cash cost and represents a compensation-related equity grant.
What is the vesting schedule for the 54,753 RSUs granted by DLX?
The filing states that two-thirds of the 54,753 restricted stock units vest on the second anniversary of the grant date and the remaining one-third vests on the third anniversary. Upon vesting, each unit converts into one share of Deluxe Corp common stock.
Are the RSUs granted to the DLX executive subject to employment conditions?
Yes. The filing notes that, subject to certain exceptions, vesting of the restricted stock units is contingent upon continued employment. If those conditions are not met, unvested units may not convert into shares of common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
