Zint William C 4

What Happened

• William C. Zint, CFO of Deluxe Corp (DLX), had 11,198 restricted stock units (RSUs) vest and convert one-for-one into 11,198 shares on 2026-02-19. The conversion is reported as a derivative exercise (code M) with a $0.00 acquisition price because these were RSUs.
• To cover tax withholding on the vesting event (code F), 4,988 of those shares were withheld at $27.32 per share, generating proceeds of $136,272. Net shares added to his holdings from this vesting were 6,210 shares (11,198 vested − 4,988 withheld). The total market value of the vested shares at $27.32 was approximately $305,929.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-20 (filed next day).
• Entries: M (exercise/conversion of derivative) — 11,198 shares acquired at $0.00; F (tax withholding) — 4,988 shares disposed at $27.32 for $136,272.
• Net shares retained from vesting: 6,210 shares (noted above).
• Footnotes: F1/F3 — these shares represent RSUs that vest and convert one-for-one under the company’s Stock Incentive Plan, vesting in equal one-third increments on the first three anniversaries and generally contingent on continued employment. F2 — shares were withheld to satisfy tax liabilities.
• Shares owned after the transaction: not specified in the provided filing details.
• Timeliness: Filing appears timely (reported period 2026-02-19, filed 2026-02-20).

Context

• This was not a market purchase or open-market sale by the insider but a routine vesting/conversion of RSUs with a share-withholding tax settlement (commonly called a cashless withholding). Such transactions reflect compensation vesting rather than a directional bet on the stock.