Tracey G. Engelhardt - Jan 21, 2022 Form 4 Insider Report for DELUXE CORP (DLX)

Role: SVP, Division President
Signature: /s/ Jeffrey L. Cotter, Attorney-in-Fact
Stock symbol: DLX
Transactions as of: Jan 21, 2022
Transactions value $: -$51,504
Form type: 4
Date filed: 1/24/2022, 04:03 PM
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	+5.14K	+21.57%	$0.00	29K	Jan 21, 2022	Direct	F1
transaction	DLX	Common Stock	Tax liability	-$51.5K	-1.71K	-5.89%	$30.19	27.3K	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	-5.14K	-100%	$0.00^*	0	Jan 21, 2022	Common Stock	5.14K	$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.