Schuessler Morgan M 4

What Happened

• Morgan Schuessler, a director of Deluxe Corporation (DLX), converted 10,349 restricted stock units (RSUs) into 10,349 common shares on April 23, 2026 (conversion reported at $0.00) and the filing shows a simultaneous disposal of 10,349 shares (also reported at $0.00). On the same date Schuessler was granted 5,286 RSUs (reported as an award at $0.00). No cash values were reported for these transactions.

Key Details

• Transaction date: April 23, 2026; Form 4 filed April 27, 2026 (4 days after the transaction).
• Conversion/Exercise entries: 10,349 shares acquired (derivative conversion) and 10,349 shares disposed — both at $0.00.
• Award entry: 5,286 RSUs granted (derivative) at $0.00.
• Shares owned after the transactions: not specified in the provided filing details.
• Footnotes: F1 — the conversion reflects vesting and one-for-one conversion of previously awarded RSUs; F2 — the 5,286 RSUs are scheduled to vest at the 2027 annual shareholder meeting (expected April 22, 2027).
• Filing timeliness: Form 4 was filed four days after the reported transaction date; Form 4s are typically due within two business days, so investors may want to check the filing for any late-reporting notation.

Context

• These entries involve RSU conversions (derivative-to-share conversion) and an immediate disposal of the converted shares. When RSUs convert and the same number of shares are simultaneously disposed, that often reflects a sale or transfer tied to vesting events (for example, tax withholding or immediate sale), but the Form 4 does not state the reason or any cash consideration.
• This activity is routine for equity compensation and does not by itself indicate the director’s view of the company’s prospects.