Jeyaprakasam Yogaraj 4
4 · DELUXE CORP · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Deluxe (DLX) CTO Jeyaprakasam Yogaraj Receives Stock Awards
What Happened Jeyaprakasam Yogaraj, Chief Technology & Digital Officer of Deluxe Corp (DLX), received equity awards on Feb 9, 2026. The filing shows 33,445 shares issued at $27.80 (value $929,771) in settlement of performance share units and a grant of 23,968 restricted stock units valued at $27.12 each (notional value $650,012). To satisfy tax liabilities related to the vesting/settlement, 13,811 shares were withheld at $27.80 (value $383,946). Net effect: approximately 57,413 shares awarded and ~13,811 withheld, for a net increase of about 43,602 shares attributable to the awards.
Key Details
- Transaction date(s): February 9, 2026; Form 4 filed Feb 11, 2026 (no late filing indicated in the report).
- Awards/values: 33,445 shares issued @ $27.80 = $929,771; 23,968 RSUs granted @ $27.12 = $650,012.
- Tax withholding: 13,811 shares withheld @ $27.80 = $383,946 (code F — tax withholding).
- Net change: ~+43,602 shares after withholding.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 = shares issued on settlement of performance share units (PSUs); F2 = withholding to satisfy tax liabilities; F3 = RSUs granted under the company plan that vest in three equal annual installments (convert to shares upon vesting, subject to continued employment).
Context These transactions are compensation-related awards (codes A and F) rather than open-market purchases or sales. The PSU settlement reflects achievement of performance targets; the RSU grant vests over time (one-third per year under footnote F3). Tax-withholding is routine and common when awards vest — it is not a market sale signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-09$27.80/sh+33,445$929,771→ 97,488.06 total - Tax Payment
Common Stock
[F2]2026-02-09$27.80/sh−13,811$383,946→ 83,677.06 total - Award
Restricted Stock Unit
[F3]2026-02-09$27.12/sh+23,968$650,012→ 23,968 totalExercise: $0.00From: 2027-02-09Exp: 2029-02-09→ Common Stock (23,968 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.