Capers Garry L 4

What Happened Garry L. Capers, SVP and President, B2B Payments at Deluxe Corp (DLX), had 7,932 restricted stock units (RSUs) vest and convert one-for-one into 7,932 shares on 2026-02-19. To satisfy tax withholding on the vesting event, 3,533 of those shares were withheld/disposed at an effective value of $27.32 per share, totaling $96,522. After withholding, Capers retained a net 4,399 shares. The RSU conversion is reported as a derivative exercise/ conversion (code M) and the withholding as tax payment (code F).

Key Details

• Transaction date: 2026-02-19; Form filed: 2026-02-20 (timely).
• Vesting/Conversion: 7,932 RSUs -> 7,932 shares (reported at $0.00 per share since RSUs convert without an exercise price).
• Tax withholding: 3,533 shares withheld at $27.32 = $96,522.
• Net shares retained from the vesting: 4,399 shares.
• Footnotes: F1/F3 — RSUs convert one-for-one on vesting and vest in equal one-third increments over the first three anniversaries of the grant, generally subject to continued employment. F2 — withholding reflects surrender of shares to satisfy tax obligations.
• Shares owned after the transaction: not specified in the excerpted details of the filing.

Context This was an RSU vesting event (an award converting into shares), not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is routine and does not necessarily indicate a change in insider sentiment. The filing shows conversion of a derivative award (RSUs) and share withholding for taxes, a common cashless mechanism to meet tax liabilities on vesting.