Form 4: Thryv Holdings CEO Joe Walsh Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Thryv Holdings CEO Joe Walsh disposed of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Joe Walsh, the Chairman and CEO of Thryv Holdings, Inc., reported the disposal of common shares on January 3, 2025, and January 6, 2025, to cover tax withholding obligations.
- A total of 757 shares were disposed of on January 3, 2025, at a price of $14.94.
- On January 6, 2025, 449 shares were disposed of, followed by another 5,717 shares, both at a price of $14.96.
- Following these transactions, Walsh directly owns 489,121 common shares and indirectly owns 1,625,206 shares through a trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes, with no indication of a change in the executive's overall confidence in the company.
Industry Context
Executive stock transactions are common and often related to compensation and tax planning. These transactions are closely watched by investors for insights into management's view of the company's prospects.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Disposal of 757 common shares at $14.94 to cover tax obligations. |
| 01/06/2025 | Disposal of 449 and 5,717 common shares at $14.96 to cover tax obligations. |
| 01/07/2025 | Date of signature for the Form 4 filing. |
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