Form 4: Thryv CFO Reports RSU Grant and Tax Withholding

Thryv Holdings' CFO, Paul D. Rouse, reported the acquisition of 120,481 restricted stock units and the disposition of shares for tax withholding purposes.

Summary

• Paul D. Rouse, CFO, Executive VP & Treasurer of Thryv Holdings, Inc. (THRY), reported transactions on January 5 and 6, 2026.
• Rouse acquired 120,481 common shares through a restricted stock unit (RSU) grant on January 5, 2026, with a transaction price of $0.
• These RSUs were granted under the Issuer's 2020 Incentive Award Plan and are scheduled to vest in three equal annual installments beginning in January 2027.
• Rouse disposed of a total of 29,069 common shares (8,298, 9,730, and 11,041 shares) on January 5 and 6, 2026, to satisfy tax withholding obligations related to the vesting of previously granted restricted stock units.
• The disposition prices for tax withholding were $5.81 per share on January 5, 2026, and $5.98 per share on January 6, 2026.
• Following these transactions, Rouse beneficially owns 306,836 common shares directly.

Sentiment

Score: 5

Explanation: The filing reports routine insider compensation and tax-related share dispositions, which are neutral events in terms of company performance or outlook.

Positives

• The grant of 120,481 restricted stock units to the CFO aligns management's incentives with long-term shareholder value creation, demonstrating continued commitment to the company.

Negatives

• The disposition of 29,069 shares for tax withholding purposes, while a standard practice for RSU vesting, represents a reduction in the CFO's direct share ownership from previously vested units.

Future Outlook

The 120,481 restricted stock units granted to the CFO are scheduled to vest in three equal annual installments, commencing in January 2027, indicating a future incentive structure for management.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, specifically related to executive compensation through restricted stock units and the associated tax withholding. Such transactions are common across publicly traded companies as part of their executive incentive programs.

Stakeholder Impact

• Shareholders: The grant of restricted stock units to the CFO aligns management's interests with long-term shareholder value, while the tax-related dispositions are a standard part of executive compensation.

Next Steps

• The restricted stock units granted to Paul D. Rouse will begin vesting in three equal annual installments starting in January 2027.

Key Dates

Keywords

Thryv Holdings, THRY, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Tax Withholding, Paul D. Rouse, CFO, Executive Compensation