Collins Michelle T 4

What Happened
Michelle T. Collins, a director of Deluxe Corp (DLX), was granted 5,286 restricted stock units (RSUs) on April 23, 2026. The Form 4 reports the grant as a derivative award at $0.00 per share (standard for RSU grants), so there was no cash purchase or sale recorded. These RSUs convert into shares only when they vest.

Key Details

• Transaction date: 2026-04-23; Form 4 filed: 2026-04-27.
• Grant: 5,286 RSUs; reported price: $0.00 (derivative award).
• Shares owned after transaction: not specified in this filing.
• Footnote: RSUs vest on the date of Deluxe’s 2027 annual shareholder meeting, expected April 22, 2027 (per filing).
• Filing timing: the Form 4 was filed four days after the transaction; Form 4s are generally due within two business days of the reportable change, so this filing appears delayed.

Context
RSUs are compensation awards that convert into common shares when they vest; they are not an open-market purchase or sale and therefore don’t directly signal buying or selling sentiment. For retail investors, director RSU grants are routine compensation and should be viewed as part of executive/director pay rather than an immediate trade.