Form 4: Deluxe Corp Executive Kristopher Lazzaretti Reports Stock Transactions
SEC Form 4 Filing
Kristopher Lazzaretti, President of Data Solutions at Deluxe Corp, reports multiple transactions involving common stock and restricted stock units.
Summary
- Kristopher Lazzaretti, President of Data Solutions at Deluxe Corp, filed a Form 4 detailing changes in beneficial ownership.
- The reported transactions include the vesting and conversion of restricted stock units into common stock on February 14, 2025, February 15, 2025, and February 16, 2025.
- Shares were also withheld to cover tax liabilities associated with the vesting of these units.
- The transactions resulted in an adjustment to the number of common stock shares and derivative securities beneficially owned by Lazzaretti.
- Following the reported transactions, Lazzaretti directly owns 22,978.35 shares of Deluxe Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
- Similar filings are routinely made by executives at comparable companies like R.R. Donnelley & Sons and Quad/Graphics, reflecting stock-based compensation and insider trading regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
- The vesting of restricted stock units is part of the executive compensation plan, which can affect employee morale and retention.
Key Dates
| Date | Description |
|---|---|
| January 27, 2025 | Date of Power of Attorney authorization for Jeffrey L. Cotter and Kortney Q. Nordrum to file forms on behalf of Kristopher Lazzaretti. |
| February 14, 2025 | Transaction date for vesting and conversion of 1,671 restricted stock units and withholding of 854 shares for tax liabilities. |
| February 15, 2025 | Transaction date for vesting and conversion of 413 and 3,410 restricted stock units and withholding of 211 and 1,741 shares for tax liabilities. |
| February 16, 2025 | Transaction date for vesting and conversion of 1,541 restricted stock units and withholding of 787 shares for tax liabilities. |
| February 18, 2025 | Date of Form 4 filing. |
| February 14, 2027 | Expiration date for some restricted stock units. |
| February 15, 2026 | Expiration date for some restricted stock units. |
| February 16, 2026 | Expiration date for some restricted stock units. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, Deluxe Corp, Lazzaretti, Insider Trading
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