[Form 4] DELUXE CORP Insider Trading Activity

Rhea-AI Filing Summary

Deluxe Corp executive Kristopher D. Lazzaretti, President of Data Solutions, reported equity award activity tied to restricted stock units. On 2026-02-19, 1,866 restricted stock units vested and were converted on a one-for-one basis into 1,866 shares of common stock at $0.00 per share. To cover tax liabilities from this vesting, 953 common shares were withheld at $27.32 per share as a tax-withholding disposition, rather than an open-market sale. After these transactions, Lazzaretti directly held 28,847.35 shares of common stock and 3,733 restricted stock units, which continue to vest in equal one-third increments on the first three anniversaries of the grant date, contingent on continued employment.

Insider Trade Summary

1,866 shares exercised/converted

Mixed 3 txns

Insider Lazzaretti Kristopher D

Role President, Data Solutions

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	1,866	$0.00	--
Exercise	Common Stock	1,866	$0.00	--
Tax Withholding	Common Stock	953	$27.32	$26K

Holdings After Transaction: Restricted Stock Unit — 3,733 shares (Direct); Common Stock — 29,800.35 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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

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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^*

Lazzaretti Kristopher D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Data Solutions

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		M		1,866(1)	A	$0	29,800.35	D
Common Stock	02/19/2026		F		953(2)	D	$27.32	28,847.35	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	02/19/2026		M			1,866	02/19/2026(3)	02/19/2028	Common Stock	1,866	$0	3,733	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.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	02/20/2026
	** 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.

FAQ

What insider transactions did Kristopher D. Lazzaretti report for DLX?

Kristopher D. Lazzaretti reported the vesting and conversion of restricted stock units into common shares, plus a share withholding for taxes. The activity reflects equity compensation settlement rather than open-market buying or selling of Deluxe Corp (DLX) stock.

How many Deluxe Corp shares did Lazzaretti receive from RSU vesting?

Lazzaretti received 1,866 shares of Deluxe Corp common stock through the vesting and one-for-one conversion of previously granted restricted stock units. This transaction represents equity compensation becoming fully vested and delivered as stock, not a purchase on the open market.

How many Deluxe Corp shares were withheld to cover Lazzaretti’s taxes?

To satisfy tax liabilities from the RSU vesting, 953 shares of Deluxe Corp common stock were withheld at a price of $27.32 per share. This tax-withholding disposition reduces shares delivered but does not represent an open-market sale initiated for investment purposes.

What are Kristopher Lazzaretti’s Deluxe Corp holdings after these transactions?

Following the reported transactions, Lazzaretti directly held 28,847.35 shares of Deluxe Corp common stock and 3,733 restricted stock units. These remaining restricted stock units are scheduled to vest over time, subject to continued employment and the company’s stock incentive plan terms.

How do Lazzaretti’s restricted stock units at Deluxe Corp vest over time?

Lazzaretti’s restricted stock units were granted under Deluxe Corp’s Stock Incentive Plan and vest in equal one-third increments on the first three anniversaries of the grant date. Upon each vesting, one unit converts into one share of common stock, contingent on continued employment.

Was Lazzaretti’s Deluxe Corp Form 4 transaction an open-market stock sale?

The Form 4 shows no open-market sale. Shares withheld under code “F” were used to pay taxes associated with restricted stock unit vesting. This tax-withholding disposition is part of equity award settlement, not a discretionary decision to sell shares in the market.