Barry C. McCarthy - Jan 27, 2022 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: Jan 27, 2022
Transactions value $: -$342,194
Form type: 4
Date filed: 1/31/2022, 10:28 AM
Previous filing: Jan 24, 2022
Next filing: Feb 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DLX	Common Stock	Options Exercise	$0	+24.2K	+39.04%	$0.00	86.1K	Jan 27, 2022	Direct	F1
transaction	DLX	Common Stock	Tax liability	-$342K	-11.9K	-13.82%	$28.78	74.2K	Jan 27, 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	+24.5K		$0.00	24.5K	Jan 27, 2022	Common Stock	24.5K	$0.00	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.