Deluxe (DLX) insider reports RSU vesting and tax share sale

Rhea-AI Filing Summary

Deluxe Corp (DLX) reported an insider equity transaction by its SVP and Chief Human Resources Officer. On 11/14/2025, 17,234 restricted stock units were vested and converted into an equal number of shares of common stock at an exercise price of $0. On the same date, 6,815 shares were withheld and disposed of at $20.21 per share to satisfy tax liabilities tied to the vesting. After these transactions, the reporting person directly owned 10,419 shares of Deluxe common stock.

Insider Trade Summary

Net Buyer: 10,419 shares

Net Buy 3 txns

Insider Cross Kimberly D

Role SVP, CHRO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	17,234	$20.21	$348K
Exercise	Common Stock	17,234	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	6,815	$20.21	$138K

Holdings After Transaction: Restricted Stock Unit — 17,234 shares (Direct); Common Stock — 10,419 shares (Direct)

Footnotes (2)

1. F1. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.
2. F2. Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.

FAQ

What insider transaction did Deluxe Corp (DLX) report on this Form 4?

The filing reports that the SVP and CHRO of Deluxe Corp had 17,234 restricted stock units vest and convert into common shares, with a portion of the resulting shares withheld to cover taxes.

How many Deluxe Corp (DLX) RSUs vested and converted into shares?

A total of 17,234 restricted stock units vested and were converted into 17,234 shares of Deluxe common stock on 11/14/2025 at an exercise price of $0.

Why were some Deluxe Corp (DLX) shares disposed of in this transaction?

The filing explains that 6,815 shares were disposed of to satisfy tax liabilities associated with the vesting of the restricted stock units, at a price of $20.21 per share.

How many Deluxe Corp (DLX) shares does the insider own after the Form 4 transaction?

Following the reported transactions, the insider directly owns 10,419 shares of Deluxe Corp common stock.

What is the role of the reporting person in Deluxe Corp (DLX)?

The reporting person is an officer of Deluxe Corp, serving as Senior Vice President and Chief Human Resources Officer (SVP, CHRO).

What do the transaction codes M and F mean in this Deluxe Corp (DLX) Form 4?

Code M indicates the exercise or conversion of derivative securities (RSUs) into common stock, while code F indicates shares withheld or sold to satisfy tax withholding obligations.

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Accepted by SEC EDGAR 11/18/2025 - 12:42 PM Learn about SEC filing dates

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^*

Cross Kimberly D

(Last) (First) (Middle)

801 MARQUETTE AVENUE 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, CHRO

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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	11/14/2025		M		17,234	A	$0	17,234	D
Common Stock	11/14/2025		F		6,815	D	$20.21(1)	10,419	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	11/14/2025		M			17,234	11/15/2025(2)	11/15/2026	Common Stock	17,234	$20.21	17,234	D

Explanation of Responses:

1. Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.

2. Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	11/18/2025
	** 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.