Form 4: Deluxe Corp Executive Debra A. Bradford Reports Stock Transactions

Debra A. Bradford, President of Merchant Services at Deluxe Corp, reports the vesting and conversion of restricted stock units and subsequent withholding of shares to cover tax liabilities.

Summary

• On February 14, 2025, Debra A. Bradford vested and converted 1,671 restricted stock units into common stock.
• On the same day, 747 shares were withheld to cover tax liabilities at a price of $18.63 per share.
• On February 15, 2025, 2,217 restricted stock units vested and were converted into common stock.
• On the same day, 990 shares were withheld to cover tax liabilities at a price of $18.92 per share.
• On February 16, 2025, 925 restricted stock units vested and were converted into common stock.
• On the same day, 414 shares were withheld to cover tax liabilities at a price of $18.92 per share.
• Following these transactions, Bradford directly owns 48,985 shares of Deluxe Corp common stock.
• The restricted stock units vest in increments over three or four years from the grant date, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. They are closely watched by investors for signals about management's confidence in the company.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are common across publicly traded companies.
• The vesting schedules described (one-third increments over three years, or one-quarter increments over four years) are typical vesting arrangements.
• Tax withholding practices related to vesting are standard procedure.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of the restricted stock units.
• The tax withholding benefits the government through tax revenue.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Stock Incentive Plan, Deluxe Corp, DLX, Debra A. Bradford, Vesting, Tax Withholding, Common Stock