McCarthy Barry C 4

What Happened

Barry C. McCarthy, President & CEO and a director of Deluxe Corporation (DLX), had restricted stock units (RSUs) vest and convert into 110,182 shares on Feb 14–16, 2026 (transaction code M). To satisfy tax withholding obligations (transaction code F), 54,211 of those shares were withheld/disposed at an effective value of $26.21 per share, totaling $1,420,870. After withholding, McCarthy received a net ~55,971 newly issued shares. The gross value of the vested RSUs at $26.21 is roughly $2.89 million.

Key Details

• Transaction dates: 2026-02-14, 2026-02-15, 2026-02-16.
• Vesting/conversion: 45,948; 46,889; and 17,345 RSUs converted into shares (total 110,182) at $0 exercise price (code M).
• Tax withholding (share-for-tax): 22,607; 23,070; and 8,534 shares withheld (total 54,211) at $26.21/share, totaling $1,420,870 (code F).
• Net shares received after withholding: ~55,971 shares; gross vested value ≈ $2.89M.
• Footnotes: Transactions reflect vesting/conversion of RSUs (F1) and withholding of shares to satisfy tax liabilities (F2). RSUs were granted under the Company’s Stock Incentive Plan with typical multi-year vesting schedules (see F3, F4).
• Filing timeliness: No late-filing flag reported in the provided data.

Context

• These transactions are vesting/conversion of RSUs, not open-market purchases or voluntary sales. The withheld shares represent a tax-satisfaction mechanism (common for equity compensation), sometimes described as a “net settlement” or cashless withholding.
• Such award vestings increase insider ownership but are typically routine compensation events rather than express market-timing buys or sells.