Company: DLX
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000027996-25-000107
Chunk: 46

Company: DELUXE CORP
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 46
---
 earned based on the restated financial results.

• The policy also allows the board to require reimbursement or forfeiture of incentive compensation, including all time-vesting equity awards, in the event an executive engages in detrimental conduct, including, but not limited to, willful violations of law, fraud, or gross misconduct.

While our recovery policy applies to incentive compensation earned by or awarded to executives on or after the date the policy was effective, our Stock Plan contains a similar provision requiring recoupment of excess incentive compensation earned under all awards if a restatement occurs within 12 months following the relevant performance period and the executive's misconduct contributed to the need for such restatement.

#### Consideration of Certain Tax Effects
Section 162(m) of the U.S. Internal Revenue Code (Section 162(m)) imposes a $1,000,000 annual deduction limit on compensation payable to certain current and former executive officers. The Committee believes that shareholder interests are best served if its discretion and flexibility in structuring and awarding compensation is not restricted by tax considerations. Therefore, the Committee seeks to maintain equity incentive compensation at levels needed to attract and retain named executive officers essential to our success, even though all or part of that compensation may not be deductible by reason of the Section 162(m) limitation.

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#### Compensation and Talent Committee Report
The Compensation and Talent Committee has reviewed and discussed with management the foregoing Compensation Discussion and Analysis. Based on our review and discussion with management, we have recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement and be incorporated by reference into Deluxe Corporation's Annual Report on Form 10-K for the year ended December 31, 2024.

| MEMBERS OF THE COMPENSATION AND TALENT COMMITTEE |     |                              |
| Paul R. Garcia, Chair                            |     | Cheryl E. Mayberry McKissack |
| Thomas J. Reddin                                 |     | John L. Stauch               |
| Telisa L. Yancy                                  |     |                              |

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### COMPENSATION TABLES
The following tables present compensation for our NEOs and should be read in conjunction with the CD&A.

### SUMMARY COMPENSATION TABLE
| Name and Principal Position                                                                  |     | Year |         |     | Salary 
 ($)    |         |     | Bonus 
 ($)   |           |     | Stock Awards1 
 ($)           |           |     | Option Awards 
 ($)           |