Form 4: Deluxe Corp Executive Tracey G. Engelhardt Reports Stock Transactions

Tracey G. Engelhardt, SVP, Division President at Deluxe Corp, reports the vesting and conversion of restricted stock units and subsequent withholding of shares for tax liabilities.

Summary

• Tracey G. Engelhardt, a Senior Vice President at Deluxe Corp, filed a Form 4 detailing changes in beneficial ownership of company stock.
• On February 14, 2025, 10,025 restricted stock units vested and were converted into common stock, followed by the withholding of 4,186 shares to cover tax obligations at a price of $18.63 per share.
• On February 15, 2025, 10,230 restricted stock units vested and were converted into common stock, followed by the withholding of 4,272 shares to cover tax obligations at a price of $18.92 per share.
• On February 16, 2025, 3,084 restricted stock units vested and were converted into common stock, followed by the withholding of 1,288 shares to cover tax obligations at a price of $18.92 per share.
• Following these transactions, Engelhardt directly owns 68,111.59 shares of Deluxe Corp common stock and 3,083 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of restricted stock units.
• The tax withholding represents a cash outflow from the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Deluxe Corp, DLX, Tracey G. Engelhardt, Restricted Stock Units, Vesting, Tax Withholding, SVP