STOCK TITAN

Deluxe (NYSE: DLX) SVP logs RSU vesting and tax share withholding

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DELUXE CORP senior vice president Tracey G. Engelhardt reported routine equity compensation activity. On February 14–16, 2026, restricted stock units vested and converted one-for-one into common shares in several blocks of 10,231, 10,025 and 3,083 shares, consistent with the company’s stock incentive plan.

To cover tax liabilities tied to these vestings, Engelhardt disposed of 4,272, 4,186 and 1,288 common shares at $26.21 per share through share withholding, rather than open-market sales. After these transactions, direct ownership stood at 107,869.59 common shares.

Positive

  • None.

Negative

  • None.
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 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)
SVP, Division President
3. Date of Earliest Transaction (Month/Day/Year)
02/14/2026
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 02/14/2026 M 10,025(1) A $0 104,301.59 D
Common Stock 02/14/2026 F 4,186(2) D $26.21 100,115.59 D
Common Stock 02/15/2026 M 10,231(1) A $0 110,346.59 D
Common Stock 02/15/2026 F 4,272(2) D $26.21 106,074.59 D
Common Stock 02/16/2026 M 3,083(1) A $0 109,157.59 D
Common Stock 02/16/2026 F 1,288(2) D $26.21 107,869.59 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit $0 02/14/2026 M 10,025 (3) 02/14/2027 Common Stock 10,025 $0 10,025 D
Restricted Stock Unit $0 02/15/2026 M 10,231 (3) 02/15/2026 Common Stock 10,231 $0 0 D
Restricted Stock Unit $0 02/16/2026 M 3,083 (4) 02/16/2026 Common Stock 3,083 $0 0 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.
4. 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.
Remarks:
/s/ Kortney Q. Nordrum, Attorney in Fact 02/18/2026
** 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 DLX executive Tracey Engelhardt report?

Tracey Engelhardt reported vesting of restricted stock units that converted into common stock and related share-withholding dispositions for taxes. Multiple RSU blocks of 10,231, 10,025 and 3,083 units vested and became common shares under Deluxe Corp’s stock incentive plan.

Were the DLX insider transactions open-market stock sales?

No, the dispositions were for tax withholding, not open-market sales. Shares totaling 4,272, 4,186 and 1,288 were withheld at $26.21 per share to satisfy tax liabilities tied to vesting of restricted stock units.

How many Deluxe Corp shares does Tracey Engelhardt own after these Form 4 transactions?

After the reported transactions, Tracey Engelhardt directly owns 107,869.59 shares of Deluxe Corp common stock. This reflects RSU conversions into shares and share-withholding dispositions for taxes recorded over February 14–16, 2026.

What types of awards vested for the DLX executive in this Form 4?

The filing shows restricted stock units vesting and converting into common stock on a one-for-one basis. The RSUs were granted under Deluxe Corp’s Stock Incentive Plan, with vesting tied to continued employment over three- or four-year schedules.

At what price were Deluxe Corp shares used to cover the insider’s tax liabilities?

Shares used to satisfy tax liabilities were valued at $26.21 per share. The tax-withholding dispositions involved 4,272, 4,186 and 1,288 common shares, all recorded as payment of exercise price or tax liability by delivering securities.
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