Company: DLX
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000027996-25-000107
Chunk: 20

Company: DELUXE CORP
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 20
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 the annual retainer for each of our Compensation and Governance Committee and Compensation and Talent Committee chairs by $5,000. The following table sets forth our 2024 fee structure for our directors, with the fees paid on a quarterly basis.

| Board and Committee Retainers                      |     | Annual Fee 
 ($)        |         |
| Board Retainer                                     |     |            |  85,000 |
| Retainers in Addition to Board Retainer:           |     |            |         |
| Independent Chair                                  |     |            | 110,000 |
| Audit and Finance Committee Chair                  |     |            |  30,000 |
| Compensation and Talent Committee Chair            |     |            |  25,000 |
| Corporate Governance Committee Chair               |     |            |  20,000 |
| Non-chair Audit and Finance Committee Member       |     |            |  15,000 |
| Non-chair Compensation and Talent Committee Member |     |            |  10,000 |
| Non-chair Corporate Governance Committee Member    |     |            |  10,000 |

Non-employee directors also receive $1,500 for each approved company site visit and director education program attended, up to an aggregate of five per year. Directors may receive additional compensation for the performance of duties assigned by the board or its committees that are considered beyond the scope of the ordinary responsibilities of directors or committee members. No such additional compensation was paid in 2024.

Our shareholder-approved 2022 Stock Incentive Plan (Stock Plan) allows our non-employee directors to increase their ownership of our common stock and thereby further align their interests with those of other shareholders by electing to receive, in lieu of cash fees, shares of our common stock having an equal value, based on the closing price of our stock on the NYSE as of the quarterly payment date. The shares of stock are issued as of the quarterly payment date or, at the option of the director, credited to the director in the form of deferred RSUs. Directors may also elect to defer receipt of equity grants made to them in connection with their annual compensation. Each RSU entitles the holder to receive dividend equivalent payments equal to the dividend payment on one share of common stock. RSUs issued pursuant to this plan also convert into shares of common stock and become immediately issuable in connection with certain defined changes of control.

Under the director deferral terms of the Stock Plan, non-employee directors also are eligible to receive other equity-based awards to further