Deluxe (DLX) Director Michelle Collins RSUs Convert to 6,279 Shares

What Happened

Michelle T. Collins, a Director of Deluxe Corp (DLX), had 6,279 restricted stock units (RSUs) vest and convert into 6,279 common shares on August 20, 2026. The Form 4 shows an "exercise/conversion of derivative" (code M) for 6,279 shares acquired at $0.00 and a corresponding disposition entry for 6,279 shares at $0.00. The filing footnote states this reflects vesting and one-for-one conversion of previously awarded RSUs—no cash payment was required.

Key Details

• Transaction date: 2026-08-20
• Transaction codes and amounts: M (exercise/conversion) — 6,279 shares acquired @ $0.00; 6,279 shares disposed @ $0.00 (derivative)
• Footnote: F1 — Vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.
• Shares owned after transaction: Not disclosed in the provided Form 4 excerpt.
• Timeliness: Report shows the same report and transaction date (no late filing indicated in the provided data).

Context

This filing reflects a routine compensation event (RSU vesting and conversion to common shares), not an open‑market buy or sale. The matching acquire/dispose entries are typical when a derivative (the RSU) converts into common stock; the "disposed" derivative entry does not necessarily mean an immediate cash sale of shares. Such vesting is common executive compensation and should be interpreted as a non‑transactional remuneration event rather than a bullish or bearish trading signal.