How were the Deluxe (DLX) performance share units settled for the insider?

Shares issued to Tracey G. Engelhardt reflect settlement of performance share units that vested based on achieving specified performance targets. This resulted in 44,593 Deluxe common shares being credited to her, before share withholding for related tax obligations.

Deluxe (NYSE: DLX) SVP granted shares and RSUs; stock withheld for taxes

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Deluxe Corp senior vice president Tracey G. Engelhardt reported equity compensation activity involving company stock. On 02/09/2026, she acquired 44,593 shares of common stock at $27.80 per share through the settlement of performance share units tied to achievement of performance targets, bringing her direct common stock holdings to 94,276.59 shares after related tax withholding. The same day, 18,868 shares were disposed of to satisfy tax liabilities on the vesting and grant. She also received 23,968 restricted stock units at a reference price of $27.12, scheduled to vest in three equal annual installments from 02/09/2027 to 02/09/2029, each unit converting into one share of common stock if employment continues.

Insider Trade Summary

Net Buyer: 25,725 shares

Net Buy 3 txns

Insider Engelhardt Tracey G

Role SVP, Division President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	23,968	$27.12	$650K
Grant/Award	Common Stock	44,593	$27.80	$1.24M
Exercise Price or Tax Liability	Common Stock	18,868	$27.80	$525K

Holdings After Transaction: Restricted Stock Unit — 23,968 shares (Direct); Common Stock — 94,276.59 shares (Direct)

Footnotes (3)

F1. Reflects shares issued in connection with the settlement of performance share units that were determined to vest based on the level of achievement of the specified performance targets.
F2. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting and granting of performance share 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.

FAQ

What insider transactions did Deluxe (DLX) SVP Tracey Engelhardt report?

Tracey G. Engelhardt reported equity awards and related tax withholding. She acquired 44,593 Deluxe common shares via performance share unit settlement and received 23,968 restricted stock units, while 18,868 shares were withheld to cover associated tax liabilities.

How many Deluxe (DLX) shares does the insider own after these transactions?

After the reported transactions, Tracey G. Engelhardt directly holds 94,276.59 shares of Deluxe common stock. She also beneficially owns 23,968 restricted stock units that can convert into common shares upon future vesting, subject to continued employment conditions.

What are the terms of the Deluxe (DLX) restricted stock units granted?

The 23,968 restricted stock units vest in three equal installments on the first, second, and third anniversaries of the 02/09/2026 grant date. Upon each vesting, one Deluxe common share is delivered per unit, contingent on continued employment, subject to specified exceptions.

Why were some Deluxe (DLX) shares disposed of in this Form 4?

The 18,868 Deluxe common shares reported as disposed of were withheld to pay tax liabilities tied to the vesting and granting of performance share units. This is a non-market transaction where shares are surrendered instead of paying cash for taxes.

At what prices were the Deluxe (DLX) equity awards reported in this Form 4?

The performance share unit settlement and related common stock entries reference a $27.80 per share price, while the restricted stock unit grant references $27.12 per unit. These prices reflect the values used for reporting the equity awards and tax-withholding transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/11/2026 - 03:26 PM

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
Estimated average burden
hours per response:			0.5

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^*

Engelhardt Tracey G

(Last)

(First)

(Middle)

801 MARQUETTE AVE. S.

(Street)

MINNEAPOLIS

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Division President

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/09/2026		A		44,593⁽¹⁾	A	$27.8	113,144.59	D
Common Stock	02/09/2026		F		18,868⁽²⁾	D	$27.8	94,276.59	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	$0	02/09/2026		A		23,968⁽³⁾		02/09/2027	02/09/2029	Common Stock	23,968	$27.12	23,968	D

Explanation of Responses:

1. Reflects shares issued in connection with the settlement of performance share units that were determined to vest based on the level of achievement of the specified performance targets.

2. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting and granting of performance share 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.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	02/11/2026
	** 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.

Source: View Original Filing on SEC EDGAR