Form 4: Thryv CEO Joe Walsh Reports Tax-Related Stock Disposition

Thryv Holdings CEO Joe Walsh reported the disposition of common shares to cover tax obligations from restricted stock unit vesting.

Summary

• Joe Walsh, Chairman and CEO of Thryv Holdings, Inc. (THRY), reported changes in beneficial ownership.
• On October 6, 2025, a total of 1,750 common shares were disposed of (793 shares and 957 shares).
• These shares were withheld by the Issuer at a price of $11.83 per share to satisfy tax withholding obligations.
• The disposition was in connection with the vesting of previously granted restricted stock units.
• Following these transactions, Joe Walsh directly beneficially owns 586,982 common shares and indirectly owns 1,625,206 common shares through a trust.

Sentiment

Score: 5

Explanation: The filing reports a routine tax-related disposition of shares by a key executive following RSU vesting, which is a neutral event regarding the company's operational performance or strategic direction.

Positives

• The disposition stems from the vesting of restricted stock units, indicating the executive's continued compensation and tenure.

Negatives

• A total of 1,750 common shares were disposed of, reducing the direct beneficial ownership of the Chairman and CEO.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This insider transaction is a routine event for executives receiving equity compensation and does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, non-discretionary tax-related transaction for an executive's compensation.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related disposition of shares by a key executive following the vesting of restricted stock units. Such transactions are common and do not typically reflect a change in the company's fundamental performance or the executive's long-term commitment. Therefore, it does not provide new information warranting a change in investment recommendation.

Keywords

Thryv Holdings, THRY, Joe Walsh, Form 4, insider transaction, stock disposition, tax withholding, restricted stock units, CEO, Director