Cotter Jeffrey Louis 4
4 · DELUXE CORP · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Deluxe (DLX) SVP Jeffrey Cotter Receives Awarded Shares; Withholding
What Happened Jeffrey Louis Cotter, Senior VP, Chief Accounting Officer and General Counsel of Deluxe Corp (DLX), received equity awards that vested on Feb 9, 2026. He was issued 27,871 shares at $27.80 (value $774,814) and 22,124 shares at $27.12 (value $600,003), for total gross awards of about $1,374,817. To satisfy tax withholding associated with the vesting, 13,972 shares were withheld/disposed at $27.80 (value $388,422).
Key Details
- Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-11; appears timely).
- Awarded shares: 27,871 @ $27.80 (A) = $774,814; 22,124 @ $27.12 (A, derivative) = $600,003.
- Withholding: 13,972 shares @ $27.80 (F) = $388,422 to cover tax liabilities.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 indicates the 27,871 shares related to performance share units that vested based on performance; F2 indicates the 13,972-share withholding to satisfy tax obligations; F3 describes restricted stock units that vest in thirds and convert to shares on vesting.
- Transaction codes: A = award/grant; F = tax withholding (disposition) — this was not an open-market sale or purchase.
Context These transactions reflect routine vesting and settlement of performance share units and restricted stock units, with a standard share-withholding to cover taxes. Such award vestings are common compensation events and do not necessarily signal a buy/sell intent by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-09$27.80/sh+27,871$774,814→ 69,049 total - Tax Payment
Common Stock
[F2]2026-02-09$27.80/sh−13,972$388,422→ 55,077 total - Award
Restricted Stock Unit
[F3]2026-02-09$27.12/sh+22,124$600,003→ 22,124 totalExercise: $0.00From: 2027-02-09Exp: 2029-02-09→ Common Stock (22,124 underlying)
Footnotes (3)
- [F1]Reflects shares issued in connection with the settlement of performance share units that were determined to vest based on the level of achievement of the specified performance targets.
- [F2]Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting and granting of performance share 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.