GARCIA PAUL R 4

What Happened

• Paul R. Garcia, a director of Deluxe Corp (DLX), reported vesting/conversion of 10,349 restricted stock units (RSUs) into common shares and the grant of 5,286 new RSUs on April 23, 2026. The reported transactions show $0.00 per share and $0 total value, consistent with internal conversion/award activity rather than an open-market purchase or sale.
• The Form 4 also lists a same-day disposition entry for 10,349 shares at $0.00; the filing’s footnote clarifies these entries reflect the vesting and one-for-one conversion of previously awarded RSUs.

Key Details

• Transaction date: April 23, 2026; Form 4 filed April 27, 2026.
• Reported codes: M = exercise/conversion of derivative (10,349 shares acquired and a matching 10,349 shares disposed at $0.00); A = award/grant of 5,286 RSUs (derivative).
• Price/value: all entries listed at $0.00, $0 total — indicative of RSU conversion/award treatment in the filing.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 — conversion/vesting into shares on a one-for-one basis of previously awarded RSUs; F2 — the 5,286 RSUs are scheduled to vest at the 2027 annual shareholder meeting (expected April 22, 2027).
• No 10b5-1 plan or tax-withholding specifics are disclosed in the filing.

Context

• These transactions reflect compensation-related RSU vesting and a new RSU grant rather than an open-market buy or sell. Such awards and conversions are common for directors and do not necessarily signal a personal buy/sell decision.
• For derivative codes: M indicates an exercise or conversion (here, RSUs converting to shares); A indicates an award/grant (future vesting per footnote).