Company: DLX
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000027996-25-000107
Chunk: 64

Company: DELUXE CORP
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 64
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 terms of the Stock Plan are included below. However, every aspect of the Stock Plan is not addressed in this summary, and shareholders are encouraged to read the full text of the Stock Plan, along with Amendment No. 1, which is attached to this proxy statement as Annex C. We have no current plans, proposals or arrangements, written or otherwise, to grant any specific awards under the Stock Plan that have not been granted as of February 20, 2025, except for grants of annual awards after our 2025 Annual Meeting of Shareholders to our board of directors, which are set at $160,000 per director.

#### Shares Available For Awards
Provided Amendment No. 2 is approved by our shareholders, the Stock Plan would provide for the issuance of up to 2,268,807 shares of common stock, which includes the shares currently remaining under the plan as amended by Amendment No. 1, and the additional 2,200,000 shares authorized under Amendment No. 2. All shares subject to awards, regardless of the type of award or whether the award is full value or appreciation only, counts against the Stock Plan’s reserve on a 1:1 basis for each share subject to the award. If awards issued under the Stock Plan expire or otherwise terminate without being exercised or settled, the shares of common stock not acquired pursuant to such awards again become available for issuance under the Stock Plan. However, under the share counting provisions of

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the Stock Plan, the following classifications of shares will not again be available for issuance: (i) shares unissued due to a “net exercise” of a stock option, (ii) any shares withheld or shares tendered to satisfy tax withholding obligations under any award, (iii) shares covered by a SAR that is not settled in shares upon exercise, and (iv) shares repurchased using stock option exercise proceeds.

Awards under the Stock Plan are also subject to annual limitations. No individual eligible participant who is an officer, employee or other service provider who is not a non-employee director may be granted awards under the Stock Plan for more than 500,000 shares of our common stock in any calendar year. In addition, the sum of the grant date fair value of equity-based awards (such value computed as of the date of grant in accordance with applicable financial accounting rules) and the amount of any cash-based compensation granted to a non-employee director during any calendar year shall not exceed $500,000.

The Committee