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

Role: President & CEO, Director
Signature: /s/ Jeffrey L. Cotter, Attorney-in-Fact
Stock symbol: DLX
Transactions as of: Nov 26, 2021
Transactions value $: -$570,140
Form type: 4
Date filed: 11/29/2021, 11:09 AM
Next filing: Jan 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DLX	Common Stock	Options Exercise		+32.7K	+87.54%		70.1K	Nov 26, 2021	Direct	F1
transaction	DLX	Common Stock	Tax liability	-$570K	-16.1K	-22.97%	$35.43	54K	Nov 26, 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	-32.7K	-100%	$0.00^*	0	Nov 26, 2021	Common Stock	32.7K	$0.00	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.