Amanda B. Parrilli - Jan 27, 2023 Form 4 Insider Report for DELUXE CORP (DLX)

Role
SVP, Chief of Strategy
Signature
/s/ Jeffrey L. Cotter, Attorney-in-Fact
Stock symbol
DLX
Transactions as of
Jan 27, 2023
Transactions value $
-$8,356
Form type
4
Date filed
1/31/2023, 11:41 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 +827 +25.6% $0.00 4.06K Jan 28, 2023 Direct F1
transaction DLX Common Stock Tax liability -$8.36K -418 -10.3% $19.99 3.64K 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 Award $0 +4.75K $0.00 4.75K Jan 27, 2023 Common Stock 4.75K $0.00 Direct F3
transaction DLX Restricted Stock Unit Options Exercise $0 -827 -100% $0.00* 0 Jan 28, 2023 Common Stock 827 $0.00 Direct F4
* 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 Stock Incentive Plan resulting from an advance election by executive to receive a portion of the executive's 2022 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.
F4 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, which units vested and were converted into common stock on the second anniversary of the date of grant.