DLX CEO exercises RSUs and withholds shares for tax
Deluxe Corp President & CEO Barry C. McCarthy reported multiple equity award transactions.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 17,345 | $0.00 | $0.00 |
| Exercise | Common Stock | 17,345 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,534 | $26.21 | $224K |
| Exercise | Restricted Stock Unit | 46,889 | $0.00 | $0.00 |
| Exercise | Common Stock | 46,889 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 23,070 | $26.21 | $605K |
| Exercise | Restricted Stock Unit | 45,948 | $0.00 | $0.00 |
| Exercise | Common Stock | 45,948 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 22,607 | $26.21 | $593K |
Footnotes (4)
- F1. Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.
- F2. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.
- F3. 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.
- F4. 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
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What transactions did Deluxe (DLX) CEO Barry McCarthy report on this Form 4?
How do Deluxe (DLX) restricted stock units for the CEO vest over time?
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