Capers Garry L

Capers Garry L., SVP and Chief of Operations at Deluxe Corp. (DLX), has filed 36 Form 4 transactions across two companies, with a pronounced accumulation bias. His open-market activity consists of a single purchase—$26,138.80 of OneSpan Inc. (OSPN) shares on August 8, 2025—and zero sales. The remainder of his filings are mechanical or compensatory: option exercises (code M) valued at $0, shares withheld for taxes (code F), and restricted stock grants (code A). Across all filings, the total acquired value reached $1.38 million, driven almost entirely by DLX equity awards rather than discretionary buying. The recent DLX pattern is dominated by vesting and tax withholding events clustered around February 2026. On February 9, 2026, Capers received two grants valued at $549,993.60 and $826,438.40, with $375,161 simultaneously withheld to cover tax obligations. Subsequent filings on February 14, 15, and 16 show option exercises paired with F-code withholdings of $78,027.17, $79,625.98, and $36,012.54, respectively. A final February 19 transaction withheld $96,521.56 against another exercise. These are automatic processes tied to equity compensation, not directional bets. The absence of any open-market sales in the data is notable. Capers has not liquidated shares voluntarily, and his only discretionary purchase was the modest OSPN buy in August 2025. The overwhelming majority of his reported value stems from DLX compensation cycles—grants, exercises, and tax withholdings—rather than conviction trades. For investors tracking insider sentiment, the signal is neutral: no selling pressure, but also no meaningful fresh capital deployed beyond the single OSPN transaction.