DELUXE CORP·4

Feb 18, 12:12 PM ET

Zint William C 4

Research Summary

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Updated

Deluxe (DLX) CFO William Zint Receives RSUs; Withholds Shares

What Happened

  • William C. Zint, Chief Financial Officer of Deluxe Corp (DLX), had restricted stock units vest and convert into 18,010 shares across Feb 14–16, 2026 (conversion recorded as code M; exercise price $0.00).
  • To satisfy tax withholding obligations (code F), 8,022 of those shares were withheld/disposed at $26.21 per share, generating proceeds of $210,257.
  • Net shares retained by Zint from these vestings were 9,988 shares (18,010 vested − 8,022 withheld). This was vesting of awards, not an open-market purchase or an independent sale for investment purposes.

Key Details

  • Transaction dates: 2026-02-14 (9,607 RSUs vest / 4,279 shares withheld), 2026-02-15 (7,247 RSUs vest / 3,228 withheld), 2026-02-16 (1,156 RSUs vest / 515 withheld).
  • Withholding sale price: $26.21 per share; total withholding proceeds = $210,257.
  • Exercise/conversion reported with $0.00 exercise price (RSU conversion to shares).
  • Footnotes: Vesting reflects conversion of RSUs to shares (one-for-one). Withholding was to satisfy tax liabilities. RSUs were granted under the Company’s Stock Incentive Plan with standard multi-year vesting schedules (one-third or one-quarter vesting schedules as noted).
  • Ownership after the transactions is not specified in the provided filing.

Context

  • This was routine vesting of restricted stock units and tax-withholding via share retention — a common, administrative transaction rather than an investment purchase or directional sale signal.
  • For retail investors: purchases or open-market buys by insiders can be stronger signals; withholding to cover taxes is neutral and typically does not reflect a decision to sell for investment reasons.