Form 4: Deluxe Corp Executive Garry L. Capers Reports Stock Transactions

Garry L. Capers, SVP, Chief of Operations at Deluxe Corp, reports the vesting and conversion of restricted stock units and subsequent tax withholding of shares.

Summary

• Garry L. Capers, a Senior Vice President and Chief of Operations at Deluxe Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• The reported transactions include the vesting and conversion of restricted stock units (RSUs) into common stock on February 14, 15 and 16, 2025.
• A total of 6,683, 6,820 and 3,084 RSUs vested on those respective dates, converting into an equal number of common stock shares.
• Shares were withheld to cover tax liabilities associated with the vesting of these RSUs, with 2,990 shares withheld at $18.63 on February 14, 2025, 3,052 shares withheld at $18.92 on February 15, 2025 and 1,380 shares withheld at $18.92 on February 16, 2025.
• Following these transactions, Capers directly owns 32,804 shares of Deluxe Corp common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU conversion.
• The withholding of shares for tax liabilities reduces the number of shares entering the market.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, stock vesting, DLX, Deluxe Corp, Garry L. Capers, insider trading