McCarthy Barry C 4

What Happened

• Barry C. McCarthy, President & CEO and a Director of Deluxe Corp (DLX), received stock awards on Feb 9, 2026. The filing shows two award transactions totaling 317,771 shares: 204,386 shares issued in settlement of performance share units (PSUs) at $27.80 ($5,681,931) and a grant of 113,385 restricted/derivative units at $27.12 ($3,075,001). In connection with the PSU settlement, 100,757 shares were withheld to satisfy tax liabilities at $27.80 (value $2,801,045). These were awards/grants, not open-market purchases or discretionary sales.

Key Details

• Transaction date: 2026-02-09; filing date: 2026-02-11 (filed within the usual Form 4 reporting window).
• Awards received: 204,386 shares @ $27.80 = $5,681,931 (PSU settlement) and 113,385 shares @ $27.12 = $3,075,001 (restricted/derivative award).
• Shares withheld for taxes: 100,757 shares @ $27.80 = $2,801,045 (tax withholding).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 = PSU settlement based on performance target achievement; F2 = shares withheld to satisfy tax liabilities; F3 = describes restricted stock units that generally vest in three equal annual installments and convert to shares upon vesting.
• Timeliness: Filing appears timely (transaction 2026-02-09, Form 4 filed 2026-02-11).

Context

• These transactions are award-related (PSU settlement and RSU-type grant), which are routine forms of executive compensation rather than open-market buying or selling. The withholding of shares to cover taxes is a common administrative step and not an independent sale signal. Award grants and settlements can dilute shareholders over time but do not directly indicate the insider’s view to buy or sell additional shares on the market.