Brown Angela L 4

What Happened Angela L. Brown, a director of Deluxe Corp (DLX), reported the vesting/conversion of 10,349 restricted stock units (RSUs) into common shares on April 23, 2026 (reported as an "exercise/conversion" transaction, code M) at $0 per share. The filing also shows a contemporaneous disposition of 10,349 shares (reported at $0) and a separate grant/acquisition of 5,286 RSUs (code A) that remain as deferred units. No cash amounts or sale proceeds are reported for the $0 transactions.

Key Details

• Transaction date: April 23, 2026. Filing date: April 27, 2026 (filed within the standard two business-day window).
• Converted/vested: 10,349 RSUs -> 10,349 shares (reported at $0 per share).
• Disposed: 10,349 shares reported as disposed at $0 per share (filing does not specify the nature of the disposition or proceeds).
• New/awarded: 5,286 RSUs granted under the Non-Employee Director Stock and Deferral Plan; these are deferred and will convert to shares on director-specified deferred dates (see footnote).
• Shares owned after transaction: not specified in the filing.

Context

• The "exercise/conversion" at $0 reflects RSU vesting/conversion rather than a cash purchase. The separate RSU grant reflects an election to defer vesting under the Director Stock & Deferral Plan; those units will convert to shares later per the director's deferral schedule.
• This filing shows routine equity compensation activity (vesting/conversion and deferred awards) rather than an open-market buy or sale that directly signals insider sentiment.