Barry C. McCarthy - 26 Nov 2021 Form 4 Insider Report for DELUXE CORP (DLX)

Role: President & CEO, Director
Signature: /s/ Jeffrey L. Cotter, Attorney-in-Fact
Issuer symbol: DLX
Transactions as of: 26 Nov 2021
Net transactions value: -$570,140
Form type: 4
Filing time: 29 Nov 2021, 11:09:53 UTC
Next filing: 24 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DLX	Common Stock	Options Exercise		+32,706	+88%		70,069	26 Nov 2021	Direct	F1
transaction	DLX	Common Stock	Tax liability	$570,140	-16,092	-23%	$35.43	53,977	26 Nov 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DLX	Restricted Stock Unit	Options Exercise	$0	-32,706	-100%	$0.000000^*	0	26 Nov 2021	Common Stock	32,706	$0.000000	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.
F2	Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.
F3	Restricted Stock Units were granted on 11/26/2018 under the Company's Long Term Incentive Plan and vest pursuant to the following schedule: 20% on the first anniversary, 40% on the second anniversary, and 40% on the third anniversary of the date of grant. Subject to certain exceptions, vesting is contingent upon the holder remaining in the employ of the Company through such dates.