Barry C. McCarthy - 14 Feb 2025 Form 4 Insider Report for DELUXE CORP (DLX)

Role: President & CEO, Director
Signature: /s/ Kortney Q. Nordrum, Attorney-in-Fact
Issuer symbol: DLX
Transactions as of: 14 Feb 2025
Net transactions value: -$1,019,097
Form type: 4
Filing time: 18 Feb 2025, 14:25:41 UTC
Previous filing: 04 Feb 2025
Next filing: 21 Feb 2025
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	+45,948	+22%	$0.000000	255,825	14 Feb 2025	Direct	F1
transaction	DLX	Common Stock	Tax liability	$421,168	-22,607	-8.8%	$18.63	233,218	14 Feb 2025	Direct	F2
transaction	DLX	Common Stock	Options Exercise	$0	+46,888	+20%	$0.000000	280,106	15 Feb 2025	Direct	F1
transaction	DLX	Common Stock	Tax liability	$436,465	-23,069	-8.2%	$18.92	257,037	15 Feb 2025	Direct	F2
transaction	DLX	Common Stock	Options Exercise	$0	+17,345	+6.7%	$0.000000	274,382	16 Feb 2025	Direct	F1
transaction	DLX	Common Stock	Tax liability	$161,463	-8,534	-3.1%	$18.92	265,848	16 Feb 2025	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	-45,948	-33%	$0.000000	91,897	14 Feb 2025	Common Stock	45,948	$0.000000	Direct	F3
transaction	DLX	Restricted Stock Unit	Options Exercise	$0	-46,888	-50%	$0.000000	46,889	15 Feb 2025	Common Stock	46,888	$0.000000	Direct	F3
transaction	DLX	Restricted Stock Unit	Options Exercise	$0	-17,345	-50%	$0.000000	17,345	16 Feb 2025	Common Stock	17,345	$0.000000	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 granted under the Company's Stock Incentive Plan that vest in equal one-third increments on the first three 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.
F4	Restricted stock units granted under the Company's Stock 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.