Form 4: Deluxe Corp SVP, Chief Financial Officer William C Zint Reports Stock Transactions

William C Zint, SVP and Chief Financial Officer of Deluxe Corp, reports the vesting and conversion of restricted stock units and withholding of shares for tax liabilities on February 28, 2025.

Summary

• On February 28, 2025, William C Zint, the SVP and Chief Financial Officer of Deluxe Corp [DLX], reported transactions involving the company's common stock.
• Zint converted 636 restricted stock units into 636 shares of common stock at a price of $0 per share.
• Additionally, 285 shares were withheld to cover tax liabilities at a price of $16.46 per share.
• Following these transactions, Zint directly owns 21,727 shares of Deluxe Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, and carries a neutral sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock; it doesn't necessarily reflect broader industry trends but rather individual compensation and tax planning.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies.
• The vesting of restricted stock units is a common form of executive compensation, aligning with practices seen at companies like ADP, Fiserv, and Global Payments, which also operate in the business services and technology sectors.
• The tax withholding process is also standard practice, ensuring compliance with tax regulations related to equity compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments for an executive.

Key Dates