Jeffrey Louis Cotter - 01 Apr 2023 Form 4 Insider Report for DELUXE CORP (DLX)

Role: SVP, CAO and General Counsel
Signature: /s/ Jeffrey L. Cotter
Issuer symbol: DLX
Transactions as of: 01 Apr 2023
Net transactions value: -$6,608
Form type: 4
Filing time: 03 Apr 2023, 15:00:29 UTC
Previous filing: 02 Mar 2023
Next filing: 30 Jan 2024
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	+839	+4.6%	$0.000000	19,056	01 Apr 2023	Direct	F1
transaction	DLX	Common Stock	Tax liability	$6,608	-413	-2.2%	$16.00	18,643	01 Apr 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	-839	-100%	$0.000000^*	0	01 Apr 2023	Common Stock	839	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Restricted stock units granted under the Company's Long-Term Incentive Plan that vest in equal one-quarter increments on the first four anniversaries of date of grant. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.
F2	Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.