Deluxe (DLX) CEO logs RSU vesting and tax share dispositions

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.

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

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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^*

McCarthy Barry C

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/14/2026

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	02/14/2026		M		45,948(1)	A	$0	422,428	D
Common Stock	02/14/2026		F		22,607(2)	D	$26.21	399,821	D
Common Stock	02/15/2026		M		46,889(1)	A	$0	446,710	D
Common Stock	02/15/2026		F		23,070(2)	D	$26.21	423,640	D
Common Stock	02/16/2026		M		17,345(1)	A	$0	440,985	D
Common Stock	02/16/2026		F		8,534(2)	D	$26.21	432,451	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	02/14/2026		M			45,948	(3)	02/14/2027	Common Stock	45,948	$0	45,949	D
Restricted Stock Unit	$0	02/15/2026		M			46,889	(3)	02/15/2026	Common Stock	46,889	$0	0	D
Restricted Stock Unit	$0	02/16/2026		M			17,345	(4)	02/16/2026	Common Stock	17,345	$0	0	D

Explanation of Responses:

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

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

3. 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.

4. 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.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 many Deluxe (DLX) shares did the CEO receive from RSU vesting?

The CEO received 110,182 Deluxe common shares through vesting and one-for-one conversion of restricted stock units. These units were granted under the company’s stock incentive plan and converted into shares as they vested on specified anniversary dates, subject to continued employment conditions.

How many Deluxe (DLX) shares were used to cover the CEO’s tax obligations?

A total of 54,211 Deluxe common shares were withheld and disposed of to cover tax liabilities on the RSU vesting. These are coded as F transactions, meaning payment of tax obligations by delivering shares instead of cash, not discretionary market sales.

What price per share was used for the Deluxe (DLX) tax-withholding dispositions?

The tax-withholding share dispositions were reported at a price of $26.21 per share. This per-share amount applies to the F-coded transactions, which represent shares delivered to satisfy tax liabilities arising from the restricted stock unit vesting events.

What is Barry McCarthy’s Deluxe (DLX) share ownership after these Form 4 transactions?

After the reported vesting and tax-withholding transactions, Barry McCarthy directly owns 432,451 shares of Deluxe common stock. This figure reflects his remaining holdings following RSU conversions into shares and the related share dispositions to cover tax obligations.

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.