Form 4: Deluxe Corp Executive Settles Performance Share Units, Disposes of Shares
SEC Form 4 Filing
Jeffrey Louis Cotter, SVP, CAO and General Counsel of Deluxe Corp, reports the settlement of performance share units and subsequent disposal of shares to cover tax obligations.
Summary
- On January 31, 2025, Jeffrey Louis Cotter, SVP, CAO and General Counsel of Deluxe Corp, settled performance share units, acquiring 9,558 shares of common stock.
- Following the settlement, 4,988 shares were disposed of at a price of $23.42 to satisfy tax obligations.
- After these transactions, Cotter beneficially owns 31,854 shares of Deluxe Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine executive compensation and tax-related transactions. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Form 4 filings provide transparency into these transactions, allowing investors to track insider activity and potential sentiment towards the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine executive stock transaction.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of earliest transaction: Settlement of performance share units and disposal of shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Deluxe Corp, Jeffrey Louis Cotter, Form 4, Performance Share Units, Beneficial Ownership, DLX, Executive Compensation, Stock Disposal
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