Lazzaretti Kristopher D 4

What Happened
Kristopher D. Lazzaretti, President, Data Solutions at Deluxe Corp (DLX), had 1,866 restricted stock units vest and convert into 1,866 shares on February 19, 2026. To cover tax withholding, 953 of those shares were withheld at an effective per-share rate of $27.32, generating $26,036 in tax withholding. After withholding, he received a net of 913 shares. This was a vesting/award event (not an open-market buy or sale).

Key Details

• Transaction date: 2026-02-19; Form filed 2026-02-20 (timely filing).
• Vesting/conversion: 1,866 RSUs converted one-for-one into 1,866 common shares (transaction code M).
• Tax withholding: 953 shares withheld to satisfy tax liability at $27.32/share, amounting to $26,036 (transaction code F).
• Net shares received: 913 (1,866 vested minus 953 withheld).
• Footnotes: F1 = conversion of RSUs upon vesting; F2 = withholding to satisfy taxes; F3 = RSUs vest in equal one-third increments over the first three anniversaries of grant, generally contingent on continued employment.
• Shares owned after the transaction are not specified in the provided filing details.

Context
This was a routine vesting of RSUs and a non-cash tax withholding (common practice), not an open-market sale or purchase. Transaction codes: M indicates exercise/conversion of a derivative (here, RSU conversion), and F indicates shares withheld to cover tax liabilities. Such vesting events reflect compensation realization rather than an independent investment decision.