Zint William C 4
Research Summary
AI-generated summary
Deluxe (DLX) CFO William Zint Receives Stock Award
What Happened
- William C. Zint, Chief Financial Officer of Deluxe Corporation (DLX), received equity awards on Feb 9, 2026. He was granted 31,586 shares at $27.80 each (value $878,091) and 25,811 derivative restricted units at $27.12 each (value $699,994). To cover tax withholding, 14,322 shares were surrendered/disposed at $27.80 each (value $398,152).
- These transactions are award/grant-related (code A) with the withholding recorded as a disposition for tax payment (code F). Net new shares delivered to Zint equal 43,075 (31,586 + 25,811 − 14,322). The gross value of awards was about $1.58M; after withholding the net share value added is roughly $1.18M.
Key Details
- Transaction date: 2026-02-09; Form 4 filed 2026-02-11 (appears timely).
- Grants: 31,586 shares @ $27.80 = $878,091 (performance-share settlement per footnote F1); 25,811 derivative RSUs @ $27.12 = $699,994 (RSUs under the Stock Incentive Plan; vesting schedule per footnote F3).
- Tax withholding: 14,322 shares withheld/disposed @ $27.80 = $398,152 to satisfy tax liabilities associated with vesting/granting (footnote F2).
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Transaction codes: A = Award/Grant, F = Withholding to satisfy tax liabilities (disposition).
Context
- These are compensation-related equity awards (performance shares and restricted stock units). Such grants are standard executive compensation and do not necessarily indicate the insider’s view on near-term stock direction.
- Withholding shares to cover taxes is a routine administrative step and is often reported as a disposition even though it’s not an open-market sale.