Lazzaretti Kristopher D 4

What Happened
Kristopher D. Lazzaretti, President, Data Solutions at Deluxe (DLX), had restricted stock units (RSUs) vest and convert into 6,623 shares across Feb 14–16, 2026. To satisfy tax withholding obligations, 3,383 of those shares were withheld (disposed) at an indicated per-share value of $26.21, generating roughly $88,668 in tax withholding. The transactions are recorded as derivative conversions (code M) for the vesting/conversion and tax-withholding dispositions (code F).

Key Details

• Transaction dates and amounts:
  • Feb 14, 2026: 1,671 RSUs converted to 1,671 shares; 854 shares withheld for taxes (value $22,383).
  • Feb 15, 2026: 3,410 RSUs converted to 3,410 shares; 1,741 shares withheld for taxes (value $45,632).
  • Feb 16, 2026: 1,542 RSUs converted to 1,542 shares; 788 shares withheld for taxes (value $20,653).
• Total: 6,623 shares received via RSU conversion; 3,383 shares withheld; tax-withheld proceeds ≈ $88,668.
• Shares owned after the transactions: Not stated in the filing.
• Footnotes: F1 = vesting/conversion of RSUs; F2 = shares withheld to satisfy tax liabilities; F3/F4 = descriptions of the RSU vesting schedules (one-third or one-quarter annual vesting as applicable).
• Filing timeliness: Form 4 filed Feb 18, 2026. Given the Feb 14–16 vesting dates, the Feb 18 filing appears within the standard two-business-day reporting window.

Context
These were vesting/conversion events for RSUs (not open-market purchases). The withholding of shares to cover taxes is a routine, administrative disposition and does not necessarily signal a change in insiders' market view. Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = shares withheld/disposed to pay tax obligations.