Barry C. McCarthy - 27 Jan 2022 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: 27 Jan 2022
Net transactions value: -$342,194
Form type: 4
Filing time: 31 Jan 2022, 10:28:38 UTC
Previous filing: 24 Jan 2022
Next filing: 18 Feb 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	+24,166	+39%	$0.000000	86,061	27 Jan 2022	Direct	F1
transaction	DLX	Common Stock	Tax liability	$342,194	-11,890	-14%	$28.78	74,171	27 Jan 2022	Direct

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	Award	$0	+24,542		$0.000000	24,542	27 Jan 2022	Common Stock	24,542	$0.000000	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects shares issued in connection with the settlement of performance share units that were determined to vest based on the level of achievement of the specified performance targets.
F2	Restricted Stock Units awarded under the Company's Long-Term Incentive Plan resulting from an advance election by the holder to receive a portion of the holder's 2021 annual incentive compensation in restricted stock units in lieu of cash. The units will vest and be converted into common stock on the second anniversary of the date of grant if, subject to certain exceptions, the holder remains in the employ of the Company through such date.

Content

Reflects shares issued in connection with the settlement of performance share units that were determined to vest based on the level of achievement of the specified performance targets.

Restricted Stock Units awarded under the Company's Long-Term Incentive Plan resulting from an advance election by the holder to receive a portion of the holder's 2021 annual incentive compensation in restricted stock units in lieu of cash. The units will vest and be converted into common stock on the second anniversary of the date of grant if, subject to certain exceptions, the holder remains in the employ of the Company through such date.