Form 4: Thryv Holdings CEO Joe Walsh Reports Changes in Beneficial Ownership

Joe Walsh, Chairman and CEO of Thryv Holdings, reports changes in beneficial ownership due to tax withholding and employee share purchase program activity.

Summary

• On July 3, 2024, Joe Walsh, Chairman and CEO of Thryv Holdings, reported changes in his beneficial ownership of the company's stock.
• 440 common shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $17.52.
• Walsh also acquired 1,228 shares through the Issuer's Employee Share Purchase Program on June 28, 2024.
• Following these transactions, Walsh directly owns 500,320 common shares and indirectly owns 1,625,206 shares through a trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are related to tax obligations and participation in an employee share purchase program, indicating neither strong positive nor negative sentiment.

Positives

• The CEO's participation in the Employee Share Purchase Program indicates confidence in the company's future.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis.
• Comparing the volume and frequency of insider buying and selling activity at Thryv Holdings to similar companies in the marketing and technology services sector can provide insights into relative valuation and management confidence.
• Companies like GoDaddy, Wix.com, and Yelp are comparable in terms of their business models and market capitalization.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and do not represent a significant change in ownership.

Key Dates