Director at Deluxe (NYSE: DLX) receives 1,205 stock units in fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deluxe Corp director Hugh S. Cummins III received a grant of 1,205 shares of Common Stock valued at $22.84 per share. The footnote explains these are restricted stock units granted in lieu of director fees under the company’s Non-Employee Director Stock and Deferral Plan and will convert into Common Stock on deferred dates chosen by the director. Following this compensation-related acquisition, he directly holds 12,590 shares of Deluxe common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cummins Hugh S. III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,205 | $22.84 | $28K |
Holdings After Transaction:
Common Stock — 12,590 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock units granted: 1,205 shares
Grant price per share: $22.84 per share
Shares held after grant: 12,590 shares
3 metrics
Stock units granted
1,205 shares
Restricted stock units in lieu of director fees
Grant price per share
$22.84 per share
Value reported for the common stock award
Shares held after grant
12,590 shares
Total direct Deluxe common stock holdings post-transaction
Key Terms
restricted stock units, Non-Employee Director Stock and Deferral Plan, deferred dates
3 terms
restricted stock units financial
"Consists of restricted stock units granded in lieu of director fees"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Employee Director Stock and Deferral Plan financial
"pursuant to the Company's Non-Employee Director Stock and Deferral Plan"
deferred dates financial
"will convert to shares of Common Stock on deferred dates specified"
FAQ
What did Deluxe (DLX) director Hugh S. Cummins III report on this Form 4?
He reported receiving 1,205 shares as a stock-based award. These were granted as restricted stock units in lieu of director fees and will convert into Deluxe common shares on deferred dates specified under the company’s Non-Employee Director Stock and Deferral Plan.
Is the Deluxe (DLX) Form 4 transaction an open-market stock purchase or sale?
No, it is not an open-market trade. The filing shows a code A transaction, meaning a grant or award. Restricted stock units were issued as compensation in lieu of cash director fees, rather than through buying or selling shares in the market.
How were the restricted stock units in the Deluxe (DLX) filing structured?
The restricted stock units were granted under a director plan. They were issued instead of cash director fees under Deluxe’s Non-Employee Director Stock and Deferral Plan and will convert into common shares on deferred dates chosen by the director.