Michael S. Mathews - 21 Jan 2022 Form 4 Insider Report for DELUXE CORP (DLX)

Role: SVP, Chief Information Officer
Signature: /s/ Jeffrey L. Cotter, Attorney-in-Fact
Issuer symbol: DLX
Transactions as of: 21 Jan 2022
Net transactions value: -$85,166
Form type: 4
Filing time: 24 Jan 2022, 16:04:13 UTC
Previous filing: 13 May 2021
Next filing: 31 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	$0	+5,280	+47%	$0.000000	16,399	21 Jan 2022	Direct	F1
transaction	DLX	Common Stock	Tax liability	$85,166	-2,821	-17%	$30.19	13,578	21 Jan 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	-5,280	-100%	$0.000000^*	0	21 Jan 2022	Common Stock	5,280	$0.000000	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.