Engelhardt Tracey G 4
4 · DELUXE CORP · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Deluxe Corp (DLX) SVP Tracey Engelhardt Receives Shares via RSU Vesting
What Happened Tracey G. Engelhardt, SVP and Division President of Deluxe Corp (DLX), had 13,298 restricted stock units (RSUs) vest and convert into 13,298 shares on February 19, 2026. To satisfy tax withholding obligations, 5,552 of those shares were withheld (disposed) at an effective per-share value of $27.32, totaling $151,681. The conversion is recorded as a derivative exercise/ conversion (code M) and the withholding as tax payment (code F).
Key Details
- Transaction date: 2026-02-19; filing date: 2026-02-20 (timely Form 4 filing).
- Converted/received: 13,298 shares (RSU conversion) at $0 exercise price (one-for-one conversion).
- Withheld for taxes: 5,552 shares at $27.32 each, total value $151,681.
- Net shares added to Engelhardt’s holding from this vesting: 13,298 − 5,552 = 7,746 shares.
- Shares owned after the transaction: not specified in the supplied filing.
- Footnotes: F1 = RSUs vested and converted one-for-one to shares; F2 = shares withheld to satisfy taxes; F3 = RSUs vest in equal one‑third increments over the first three anniversaries of grant and generally require continued employment.
Context This was a routine RSU vesting and tax-withholding event, not an open-market purchase or sale indicating a trading decision. Withholding shares to cover tax liabilities is common practice and reduces the net shares delivered to the executive.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-19+13,298→ 121,167.59 total - Tax Payment
Common Stock
[F2]2026-02-19$27.32/sh−5,552$151,681→ 115,615.59 total - Exercise/Conversion
Restricted Stock Unit
[F3]2026-02-19−13,298→ 26,596 totalExercise: $0.00From: 2026-02-19Exp: 2028-02-19→ Common Stock (13,298 underlying)
Footnotes (3)
- [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.