Christopher Lee Thomas - 28 Jan 2023 Form 4 Insider Report for DELUXE CORP (DLX)

Role: SVP, Chief Revenue Officer
Signature: /s/ Jeffrey L. Cotter, Attorney-in-Fact
Issuer symbol: DLX
Transactions as of: 28 Jan 2023
Net transactions value: -$31,944
Form type: 4
Filing time: 31 Jan 2023, 11:42:49 UTC
Previous filing: 25 Jul 2022
Next filing: 21 Feb 2023
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	+4,230	+20%	$0.000000	25,501	28 Jan 2023	Direct	F1
transaction	DLX	Common Stock	Tax liability	$31,944	-1,598	-6.3%	$19.99	23,903	28 Jan 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	-4,230	-100%	$0.000000^*	0	28 Jan 2023	Common Stock	4,230	$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 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.