Deluxe Announces Inducement Grants for Newly Hired CTO
May 18 2022 - 4:35PM
Business Wire
Deluxe (NYSE: DLX), a Trusted Payments and Business Technology™
company, announced today that Yogaraj Jayaprakasam, newly hired
Chief Technology and Digital Officer, has been issued two
restricted stock unit (RSU) awards as part of his inducement to
join the company.
Jayaprakasam joined the company on May 2, 2022, and on May 13
was awarded 44,409 RSUs which vest in equal one-half increments on
each of the first and second anniversaries of the grant date. On
the same date, he was also awarded 16,653 RSUs, which vest in equal
one-quarter increments on the first four anniversaries of the grant
date. In each case, upon vesting, each RSU will convert into a
share of the company’s common stock. Subject to certain exceptions,
vesting is contingent upon continued employment. The shares were
awarded on the same date as other new hire stock awards, consistent
with business practice.
About Deluxe Corporation Deluxe, a Trusted Payments and
Business Technology™ company, champions business so communities
thrive. Our solutions help businesses pay and get paid, accelerate
growth and operate more efficiently. For more than 100 years,
Deluxe customers have relied on our solutions and platforms at all
stages of their lifecycle, from start-up to maturity. Our powerful
scale supports millions of small businesses, thousands of vital
financial institutions and hundreds of the world’s largest consumer
brands, while processing approximately $3 trillion in annual
payment volume. Our reach, scale and distribution channels position
Deluxe to be our customers’ most trusted business partner. To learn
how we can help your business, visit us at www.deluxe.com, www.facebook.com/deluxecorp, www.linkedin.com/company/deluxe, or www.twitter.com/deluxe.
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version on businesswire.com: https://www.businesswire.com/news/home/20220518006122/en/
Tom Morabito, VP, Investor Relations 470-607-5567
tom.morabito@deluxe.com
Cam Potts, VP, Communications 651-233-7735
cameron.potts@deluxe.com
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