4Filed Sep 2, 8:00 PM ET
Deluxe (DLX) President Kevin Grant Jones Receives RSU Award
$DLX · DELUXE CORPResearch Summary
AI-generated summary of this SEC filing
Deluxe (DLX) President Kevin Grant Jones Receives RSU Award
What Happened
- Kevin Grant Jones, President, Merchant Services at Deluxe Corp (DLX), received an award of 54,753 restricted stock units (RSUs) on September 1, 2026. The award is reported as a derivative grant (code A) with an acquisition price of $0.00; no cash was paid at grant.
- This is a grant of equity compensation (not a market purchase or sale) and does not represent the immediate transfer of common shares or proceeds.
Key Details
- Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (appears timely).
- Grant size: 54,753 RSUs; reported price: $0.00; transaction code: A (award/grant).
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote: RSUs convert to common shares upon vesting. Two‑thirds vest on the second anniversary of the grant date and the remaining one‑third on the third anniversary. Vesting is generally contingent on continued employment, subject to certain exceptions.
Context
- RSU grants are standard executive compensation and do not signal an immediate buy or sell of stock. Upon vesting the units convert to shares that the insider may hold or sell, at which point market activity would be more informative about insider sentiment.