Jeffrey L. Cotter - Jan 21, 2022 Form 4 Insider Report for DELUXE CORP (DLX)

Signature
/s/ Jeffrey L. Cotter
Stock symbol
DLX
Transactions as of
Jan 21, 2022
Transactions value $
-$80,456
Form type
4
Date filed
1/24/2022, 04:02 PM
Previous filing
Jun 15, 2021
Next filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLX Common Stock Options Exercise $0 +4.98K +89.82% $0.00 10.5K Jan 21, 2022 Direct F1
transaction DLX Common Stock Tax liability -$80.5K -2.67K -25.33% $30.19 7.86K Jan 21, 2022 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 -4.98K -100% $0.00* 0 Jan 21, 2022 Common Stock 4.98K $0.00 Direct 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 awarded under the Company's Long-Term Incentive Plan resulting from the holder's advance election to receive a portion of the holder's 2019 annual incentive compensation in restricted stock units in lieu of cash, which units vested and were converted into common stock on the second anniversary of the date of grant.