Capers Garry L 4

What Happened

• Garry L. Capers, SVP and President, B2B Payments at Deluxe (DLX), was issued stock awards on 2026-02-09 totaling 50,008 shares (29,728 shares at $27.80 and 20,280 derivative shares at $27.12) worth about $1.38M. Simultaneously, 13,495 shares were withheld (disposed) at $27.80 to satisfy tax liabilities, generating proceeds of about $375K. The awards are reported as grants/settlements (code A) and the withholding as a tax withholding disposition (code F).

Key Details

• Transaction date: 2026-02-09; filing date: 2026-02-11 (filed two days after the transactions; appears timely).
• Award lots: 29,728 shares @ $27.80 (value $826,438) and 20,280 shares @ $27.12 (value $549,994) — total ~50,008 shares / ~$1.376M.
• Withholding: 13,495 shares @ $27.80 (value ~$375,161) to satisfy taxes.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — shares issued on settlement of performance share units (PSUs) that vested; F2 — withholding to satisfy tax liabilities; F3 — describes restricted stock unit vesting schedule (1/3 each year, subject to continued employment).

Context

• These were awards/settlements (not open-market purchases or voluntary sales). The withheld shares reflect routine tax withholding on vesting/settlement (a common, non-market-sale mechanism). The 20,280-share line was a derivative/PSU settlement — not an option exercise for immediate sale.