Capers Garry L 4
4 · DELUXE CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Deluxe (DLX) SVP Garry Capers Receives RSUs; Shares Withheld
What Happened
Garry L. Capers, SVP and President, B2B Payments at Deluxe Corp (DLX), had restricted stock units (RSUs) vest and convert into 16,586 shares of common stock across Feb 14–16, 2026. To satisfy tax withholding obligations, 7,389 of those shares were withheld (disposed) at $26.21 per share for a withholding value of approximately $193,666. The conversion/vesting events are recorded as derivative exercises (code M) with the withholding recorded under code F.
Key Details
- Transaction dates and amounts:
- 2026-02-14: 6,683 RSUs vested → 6,683 shares issued; 2,977 shares withheld for taxes at $26.21 each ($78,027).
- 2026-02-15: 6,820 RSUs vested → 6,820 shares issued; 3,038 shares withheld at $26.21 each ($79,626).
- 2026-02-16: 3,083 RSUs vested → 3,083 shares issued; 1,374 shares withheld at $26.21 each ($36,013).
- Total: 16,586 shares issued on vesting; 7,389 shares withheld; withholding value ≈ $193,666.
- Price reporting: RSU conversion shown at $0.00 per share (vesting/conversion), withholding at $26.21 per share.
- Footnotes: F1/F3/F4 — these were RSUs that converted one-for-one into shares upon vesting under the company’s Stock Incentive Plan; vesting schedules and employment conditions apply. F2 — withholding of shares to satisfy tax liabilities.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing timeliness: Form filed Feb 18, 2026 for events Feb 14–16, 2026; filing appears timely under Form 4 reporting rules.
Context
This was not an open-market purchase or sale for investment; it was routine RSU vesting with a share-withholding method used to cover taxes (commonly called "sell-to-cover" or withholding). Such transactions reflect compensation vesting and tax obligations rather than an active buy/sell decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-14+6,683→ 56,138 total - Tax Payment
Common Stock
[F2]2026-02-14$26.21/sh−2,977$78,027→ 53,161 total - Exercise/Conversion
Common Stock
[F1]2026-02-15+6,820→ 59,981 total - Tax Payment
Common Stock
[F2]2026-02-15$26.21/sh−3,038$79,626→ 56,943 total - Exercise/Conversion
Common Stock
[F1]2026-02-16+3,083→ 60,026 total - Tax Payment
Common Stock
[F2]2026-02-16$26.21/sh−1,374$36,013→ 58,652 total - Exercise/Conversion
Restricted Stock Unit
[F3]2026-02-14−6,683→ 6,684 totalExercise: $0.00Exp: 2027-02-14→ Common Stock (6,683 underlying) - Exercise/Conversion
Restricted Stock Unit
[F3]2026-02-15−6,820→ 0 totalExercise: $0.00Exp: 2026-02-15→ Common Stock (6,820 underlying) - Exercise/Conversion
Restricted Stock Unit
[F4]2026-02-16−3,083→ 0 totalExercise: $0.00Exp: 2026-02-16→ Common Stock (3,083 underlying)
Footnotes (4)
- [F1]Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.
- [F2]Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.
- [F3]Restricted stock units granted under the Company's Stock Incentive Plan that vest in equal one-third increments on the first three anniversaries of date of grant. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.
- [F4]Restricted stock units granted under the Company's Stock Incentive Plan that vest in equal one-quarter increments on the first four anniversaries of date of grant. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.