Form 4: Deluxe Corp Executive Michael Aaron Reed Reports Stock Transactions
SEC Form 4 Filing
Michael Aaron Reed, SVP and Division President at Deluxe Corp, reports the vesting of restricted stock units and subsequent transactions.
Summary
- On March 1, 2024, Michael Aaron Reed, an SVP and Division President at Deluxe Corp, reported transactions involving Deluxe Corp common stock.
- Reed vested 833 restricted stock units (RSUs) which converted into 833 shares of common stock.
- 374 shares were withheld to cover tax liabilities at a price of $19.41 per share.
- Following these transactions, Reed directly owns 18,476 shares of Deluxe Corp common stock and 833 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports routine stock transactions by an executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date exercisable for Restricted Stock Unit |
| 03/01/2024 | Date of stock transactions: vesting of RSUs and tax withholding. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
| 03/01/2025 | Expiration date for Restricted Stock Unit |
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