Deluxe (NYSE: DLX) CTO reports share grants and tax withholding

Rhea-AI Filing Summary

Deluxe Corp Chief Tech. & Digital Officer Jeyaprakasam Yogaraj reported equity award activity on common stock and restricted stock units. On February 9, 2026, he acquired 33,445 shares of common stock in connection with vested performance share units, and 13,811 shares were withheld to cover related tax liabilities.

He also received a grant of 23,968 restricted stock units at a reference price of $27.12 per unit. These units vest in three equal annual installments from February 9, 2027 through February 9, 2029, subject to continued employment, and convert into common stock upon vesting. Following these transactions, he directly owned 83,677.06 shares of common stock and 23,968 restricted stock units.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Jeyaprakasam Yogaraj

Role Chief Tech. & Digital Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	23,968	$27.12	$650K
Grant/Award	Common Stock	33,445	$27.80	$930K
Tax Withholding	Common Stock	13,811	$27.80	$384K

Holdings After Transaction: Restricted Stock Unit — 23,968 shares (Direct); Common Stock — 97,488.06 shares (Direct)

Footnotes (1)

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

Jeyaprakasam Yogaraj

(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)
	Chief Tech. & Digital Officer

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2026		A		33,445(1)	A	$27.8	97,488.06	D
Common Stock	02/09/2026		F		13,811(2)	D	$27.8	83,677.06	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	02/09/2026		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.

FAQ

What insider transactions did DLX executive Jeyaprakasam Yogaraj report?

He reported equity award activity on February 9, 2026, including 33,445 Deluxe common shares issued from vested performance share units and 13,811 shares withheld to satisfy tax liabilities. He also received a grant of 23,968 restricted stock units under the company’s Stock Incentive Plan.

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

After the reported transactions, Jeyaprakasam Yogaraj directly owned 83,677.06 shares of Deluxe common stock and 23,968 restricted stock units. The restricted stock units represent a right to receive an equivalent number of common shares as they vest over time.

What are the terms of the 23,968 DLX restricted stock units granted?

The 23,968 restricted stock units vest in three equal one-third installments on the first, second, and third anniversaries of the February 9, 2026 grant date. Upon each vesting, one unit converts into one Deluxe common share, contingent on the executive’s continued employment.

Why were 13,811 Deluxe (DLX) shares withheld in the Form 4 filing?

The Form 4 states that 13,811 Deluxe common shares were withheld to satisfy tax liabilities associated with the vesting and granting of performance share units. This withholding is reported as a disposition for tax payment rather than an open-market sale of shares.

How were the 33,445 Deluxe (DLX) shares in the Form 4 generated?

The 33,445 Deluxe common shares were issued upon settlement of performance share units that vested based on achieving specified performance targets. Once those performance conditions were met, the vested units converted into an equivalent number of common shares for the executive.