Deluxe Corp (NYSE: DLX) CTO reports RSU vesting and tax share withholding

Rhea-AI Filing Summary

Deluxe Corp's Chief Technology & Digital Officer, Jeyaprakasam Yogaraj, reported equity award activity. On February 19, 2026, 10,265 restricted stock units vested and were converted on a one-for-one basis into 10,265 shares of common stock under the company’s stock incentive plan.

To cover tax liabilities from this vesting, 4,162 common shares were withheld at $27.32 per share in a tax-withholding disposition. After these transactions, Yogaraj directly holds 98,812.06 common shares and 20,530 restricted stock units, which vest in equal one-third increments on the first three anniversaries of the grant date, contingent on continued employment.

Insider Trade Summary

10,265 shares exercised/converted

Mixed 3 txns

Insider Jeyaprakasam Yogaraj

Role Chief Tech. & Digital Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	10,265	$0.00	--
Exercise	Common Stock	10,265	$0.00	--
Tax Withholding	Common Stock	4,162	$27.32	$114K

Holdings After Transaction: Restricted Stock Unit — 20,530 shares (Direct); Common Stock — 102,974.06 shares (Direct)

Footnotes (1)

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.

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)
02/19/2026

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	02/19/2026		M		10,265(1)	A	$0	102,974.06	D
Common Stock	02/19/2026		F		4,162(2)	D	$27.32	98,812.06	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	02/19/2026		M			10,265	02/19/2026(3)	02/19/2028	Common Stock	10,265	$0	20,530	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.

Remarks:

	/s/ Kortney Q. Nordrum, Attorney in Fact	02/20/2026
	** 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?

Jeyaprakasam Yogaraj reported the vesting and conversion of 10,265 restricted stock units into common shares and a tax-withholding disposition of 4,162 shares. These actions reflect routine equity award settlement rather than open-market buying or selling activity.

Were the DLX insider transactions open-market buys or sells?

No, the reported DLX transactions were not open-market trades. They involved the exercise/conversion of restricted stock units and a tax-withholding disposition of shares to satisfy tax liabilities associated with the vesting event.

How many Deluxe Corp shares does Yogaraj hold after these transactions?

Following the reported transactions, Jeyaprakasam Yogaraj directly holds 98,812.06 shares of Deluxe Corp common stock. He also holds 20,530 restricted stock units that may convert into additional shares as they vest over their scheduled three-year period.

At what price were DLX shares withheld for taxes in the Form 4?

The tax-withholding disposition used 4,162 shares of DLX common stock valued at $27.32 per share. These shares were withheld to satisfy tax liabilities triggered by the vesting of previously granted restricted stock units, according to the Form 4 footnotes.

How do the DLX restricted stock units for Yogaraj vest over time?

The restricted stock units were granted under Deluxe Corp’s Stock Incentive Plan and vest in equal one-third increments on the first three anniversaries of the grant date. Upon each vesting, one unit converts into one common share, contingent on continued employment.