[Form 4] DELUXE CORP Insider Trading Activity

Rhea-AI Filing Summary

Yancy Telisa L, a director of Deluxe Corp (DLX), acquired 1,399 shares of Deluxe common stock on 09/15/2025 at a reported price of $19.65 per share under the Company’s Non-Employee Director Stock and Deferral Plan. After the transaction the reporting person beneficially owned 43,757 shares, held directly. The Form 4 indicates the shares were received in lieu of director fees and the filing was signed by an attorney-in-fact on 09/17/2025.

Insights

Financial Analyst

TL;DR Director received equity compensation of 1,399 shares at $19.65, a routine, non-cash director fee election with limited market impact.

The filing documents a customary equity-in-lieu payment under the Non-Employee Director Stock and Deferral Plan, converting director fees into 1,399 shares at a per-share price of $19.65. The post-transaction direct beneficial ownership is 43,757 shares. For investors, this is an internal compensation mechanism rather than an open-market purchase or sale and does not change outstanding share count or indicate a change in ownership control. The transaction appears administrative and routine.

Corporate Governance Expert

TL;DR Typical director compensation election documented; useful for transparency but not materially impactful.

The Form 4 shows compliance with Section 16 disclosure requirements for a director who elected to receive fees in stock form. The disclosure clarifies direct beneficial ownership at 43,757 shares after issuance and provides the grant price of $19.65. This is a standard governance practice to align director interests with shareholders; the disclosure fulfils reporting obligations and offers transparency on insider equity holdings.

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

OMB Number:			3235-0287
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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^*

Yancy Telisa L

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		A		1,399(1)	A	$19.65	43,757	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

Explanation of Responses:

1. Securities acquired consist of common stock received in lieu of director's fees pursuant to the Company's Non-Employee Director Stock and Deferral Plan.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	09/17/2025
	** 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 did DLX director Yancy Telisa L report on Form 4?

The director reported acquiring 1,399 shares of Deluxe Corp common stock on 09/15/2025 under the Non-Employee Director Stock and Deferral Plan.

At what price were the DLX shares recorded in the Form 4?

The shares were reported at a price of $19.65 per share.

How many DLX shares does the reporting person beneficially own after the transaction?

Following the reported transaction the reporting person beneficially owned 43,757 shares, held directly.

Why were the DLX shares issued to the director?

The Form 4 states the shares were received in lieu of director's fees pursuant to the Company's Non-Employee Director Stock and Deferral Plan.

When was the Form 4 signed and filed?

The signature block shows execution by an attorney-in-fact on 09/17/2025.