Deluxe Corp (DLX) SVP reports RSU vesting and tax share moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deluxe Corp senior vice president Garry L. Capers reported multiple equity award events over February 14–16, 2026. Restricted stock units vested and were converted on a one-for-one basis into common shares, increasing his direct holdings through several exercise or conversion transactions priced at $0.00 per share.
To cover tax liabilities tied to these vestings, Capers delivered portions of the newly issued common stock back to the company in tax-withholding dispositions at $26.21 per share. After these conversions and tax-related share withholdings, he directly owned 53,161 shares of Deluxe common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,586 shares exercised/converted
Mixed
9 txns
Insider
Capers Garry L
Role
SVP, President, B2B Payments
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,083 | $0.00 | -- |
| Exercise | Common Stock | 3,083 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,374 | $26.21 | $36K |
| Exercise | Restricted Stock Unit | 6,820 | $0.00 | -- |
| Exercise | Common Stock | 6,820 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,038 | $26.21 | $80K |
| Exercise | Restricted Stock Unit | 6,683 | $0.00 | -- |
| Exercise | Common Stock | 6,683 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,977 | $26.21 | $78K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 60,026 shares (Direct)
Footnotes (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. 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
What did Deluxe Corp (DLX) executive Garry Capers report in this Form 4?
Garry L. Capers reported vesting of restricted stock units that converted into Deluxe common stock, plus related tax-withholding share dispositions. These transactions reflect routine equity award activity rather than open-market buying or selling of DLX shares.
Were the Deluxe Corp (DLX) Form 4 transactions open-market purchases or sales?
The transactions were not open-market purchases or sales. They primarily involved exercise or conversion of restricted stock units into common stock and tax-withholding dispositions, where shares were delivered to satisfy associated tax liabilities on the vesting awards.
What do the restricted stock unit footnotes mean for Deluxe Corp (DLX) investors?
The footnotes explain that restricted stock units were granted under Deluxe’s Stock Incentive Plan, vest in scheduled annual increments, and convert one-for-one into common stock. Vesting generally depends on continued employment, aligning executive compensation with long-term shareholder interests.
On which dates did the Deluxe Corp (DLX) restricted stock units vest for Garry Capers?
The reported vesting and conversion of restricted stock units occurred on February 14, 15, and 16, 2026. On each date, units converted on a one-for-one basis into Deluxe common shares, followed by tax-withholding share deliveries to cover related tax obligations.