Deluxe (DLX) CEO logs RSU vesting and tax share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deluxe Corp President & CEO Barry C. McCarthy reported multiple equity award transactions. On February 14–16, restricted stock units vested and were converted on a one-for-one basis into a total of 110,182 shares of common stock at a stated price of $0.00 per share for the conversions.
To satisfy tax liabilities tied to this vesting, McCarthy had 54,211 shares of common stock withheld and disposed of at $26.21 per share, as indicated by code F for tax-withholding dispositions. After these transactions, his direct common stock holdings stood at 432,451 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
110,182 shares exercised/converted
Mixed
9 txns
Insider
McCarthy Barry C
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 17,345 | $0.00 | -- |
| Exercise | Common Stock | 17,345 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,534 | $26.21 | $224K |
| Exercise | Restricted Stock Unit | 46,889 | $0.00 | -- |
| Exercise | Common Stock | 46,889 | $0.00 | -- |
| Tax Withholding | Common Stock | 23,070 | $26.21 | $605K |
| Exercise | Restricted Stock Unit | 45,948 | $0.00 | -- |
| Exercise | Common Stock | 45,948 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,607 | $26.21 | $593K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 440,985 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. 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.
FAQ
What transactions did Deluxe (DLX) CEO Barry McCarthy report on this Form 4?
Barry McCarthy reported vesting of restricted stock units that converted into common shares, plus related tax-withholding share dispositions. The activity reflects equity compensation events rather than open-market purchases or sales, consistent with the company’s stock incentive plan terms.
How do Deluxe (DLX) restricted stock units for the CEO vest over time?
The filing describes RSU awards vesting in equal increments over three or four years. Some grants vest in one-third tranches on each of the first three anniversaries, others in one-quarter tranches over four years, with vesting generally contingent on continued employment.