Deluxe (NYSE: DLX) director gets 1,036 stock units in lieu of fees

Rhea-AI Filing Summary

Deluxe Corp director Hugh S. Cummins III reported an equity compensation grant rather than a market trade. He acquired 1,036 restricted stock units tied to common stock at a reference price of $26.56 per unit, in lieu of cash director fees under the company’s Non-Employee Director Stock and Deferral Plan. These units will convert into shares of common stock on future deferred dates he has specified, and this filing shows 1,036 shares held directly after the award.

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^*

Cummins Hugh S. III

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		A		1,036	A	$26.56	1,036(1)	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

Explanation of Responses:

1. Consists of restricted stock units granded in lieu of director fees pursuant to an election by the director pursuant to the Company's Non-Employee Director Stock and Deferral Plan. The restricted stock units will convert to shares of Common Stock on deferred dates specified by the director.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	03/17/2026
	** 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 transaction did Deluxe (DLX) director Hugh S. Cummins III report?

Hugh S. Cummins III reported receiving 1,036 restricted stock units tied to Deluxe common stock. The award was a form of equity compensation, not an open-market purchase, and was granted under the company’s Non-Employee Director Stock and Deferral Plan in lieu of cash director fees.

Was the Deluxe (DLX) director’s Form 4 transaction a stock purchase or sale?

The transaction was not a stock purchase or sale on the open market. It reflects a grant of 1,036 restricted stock units as compensation, awarded in lieu of cash director fees under a company plan, with units converting into common shares at future deferred dates.

What is the size and price reference of the Deluxe (DLX) director’s equity grant?

The director received 1,036 restricted stock units, with the Form 4 showing a reference price of $26.56 per unit. This value helps indicate the dollar scale of the compensation award but does not represent a market trade executed by the director on that date.

How many Deluxe (DLX) shares does Hugh S. Cummins III hold after this grant?

After the reported award, the Form 4 lists 1,036 shares of Deluxe common stock as directly owned. These holdings stem from restricted stock units that will convert into shares on deferred dates, reflecting equity compensation rather than cash payments for board service.

Why did the Deluxe (DLX) director receive restricted stock units instead of cash fees?

The footnote explains the director elected to receive restricted stock units in lieu of cash director fees. This election occurred under Deluxe’s Non-Employee Director Stock and Deferral Plan, allowing fees to be converted into stock-based compensation that will later convert into common shares on specified deferred dates.