Company: DLX
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000027996-25-000107
Chunk: 21

Company: DELUXE CORP
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 21
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 align their interests with shareholders and assist them in achieving and maintaining their established share ownership targets. Non-employee directors also have the opportunity to defer any equity grant awarded to them under terms similar to those described above for deferral of cash fees. Any stock options granted to non-employee directors must have an exercise price equal to the fair market value of our common stock on the date of grant. Non-employee directors did not receive any option grants in 2024, but each non-employee director re-elected to the board at last year's annual meeting received a grant of RSUs on April 25, 2024, with a grant date fair value of $159,999, which vest on the date of our 2025 Annual Meeting of Shareholders, or April 24, 2025, so long as the director's service has not ended. Each RSU entitles the holder to accrue dividend equivalent payments, provided that the dividend equivalent payments are held by us until the RSU vests, at which point they are paid to the holder. The RSUs would vest immediately upon a change of control, or upon the director's termination of service due to death, disability, or retirement in accordance with our Corporate Governance Guidelines. Equity grants to directors are recommended by the Corporate Governance Committee, in consultation with the Compensation and Talent Committee, and are approved by the board.

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The following table summarizes the compensation earned by each non-employee director in 2024.

#### NON-EMPLOYEE DIRECTOR COMPENSATION 2024
| Name                         |     | Fees Earned or Paid in Cash1 
 ($)                          |         |     | Stock   
 Awards2 
 ($)     |         |     | Total 
 ($)   |         |
| Angela L. Brown              |     |                              |  55,000 |     |         | 119,990 |     |       | 174,990 |
| William C. Cobb              |     |                              | 110,000 |     |         | 159,999 |     |       | 269,999 |
| Paul R. Garcia               |     |                              | 125,000 |     |         | 159,999 |     |       | 284,999 |
| Cheryl E. Mayberry McKissack |     |                              | 215,000 |     |         | 159,999 |     |       | 374,999 |
| Don J. McGrath3              |     |                              |