Jeyaprakasam Yogaraj 4

What Happened

• Jeyaprakasam Yogaraj, Deluxe Corp.’s Chief Technology & Digital Officer, had restricted stock units (RSUs) vest and convert into common shares on Feb 14–15, 2026. A total of 15,192 RSUs converted one-for-one into shares (7,519 on 2/14 and 7,673 on 2/15). To satisfy tax withholding, 3,049 shares were withheld on 2/14 and 3,111 shares were withheld on 2/15 — a combined withholding of 6,160 shares valued at about $161,453 (3,049 × $26.21 = $79,914; 3,111 × $26.21 = $81,539). The RSU conversion entries show $0 exercise price (typical for RSU vesting).

Key Details

• Transaction dates and prices:
  • 2026-02-14: 7,519 RSUs converted (M, $0.00); 3,049 shares withheld for taxes (F) at $26.21 = $79,914.
  • 2026-02-15: 7,673 RSUs converted (M, $0.00); 3,111 shares withheld for taxes (F) at $26.21 = $81,539.
• Net shares delivered to the insider after withholding: 15,192 converted − 6,160 withheld = 9,032 shares.
• Shares owned after the transaction: not stated in the supplied filing details.
• Footnotes:
  • F1: Vesting and one-for-one conversion of RSUs into shares.
  • F2: Withholding of shares to satisfy tax liabilities on vesting.
  • F3: RSUs granted under the Company’s Stock Incentive Plan vest in equal one‑third increments on the first three anniversaries of grant and are generally contingent on continued employment.
• Filing/timeliness: Report filed 2026-02-18 for period of report 2026-02-14. The supplied data does not indicate a late-filing flag.

Context

• This was not an open-market sale for cash; it was routine RSU vesting with shares withheld to cover tax obligations (a common, administrative disposition). Such withholding transactions are standard and do not necessarily indicate the insider’s view of the company’s stock.