Cotter Jeffrey Louis 4

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.