Jeffrey L. Cotter - Jan 28, 2023 Form 4 Insider Report for DELUXE CORP (DLX)

Role: SVP, CAO and General Counsel
Signature: /s/ Jeffrey L. Cotter
Stock symbol: DLX
Transactions as of: Jan 28, 2023
Transactions value $: -$36,962
Form type: 4
Date filed: 1/31/2023, 11:33 AM
Previous filing: Apr 4, 2022
Next filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DLX	Common Stock	Options Exercise	$0	+3.39K	+25.34%	$0.00	16.8K	Jan 28, 2023	Direct	F1
transaction	DLX	Common Stock	Tax liability	-$37K	-1.85K	-11.02%	$19.99	14.9K	Jan 28, 2023	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	-3.39K	-100%	$0.00^*	0	Jan 28, 2023	Common Stock	3.39K	$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 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 2020 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.