Capers Garry L 4

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.