Form 4: Thryv Holdings CEO Joe Walsh Sells Shares to Cover Tax Obligations

Thryv Holdings CEO Joe Walsh sold 440 common shares to cover tax obligations related to vesting restricted stock units.

Summary

• Joe Walsh, the Chairman and CEO of Thryv Holdings, sold 440 common shares on December 3, 2024.
• The sale was executed at a price of $16.53 per share.
• This transaction was to cover tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Mr. Walsh directly owns 496,640 common shares and indirectly owns 1,625,206 shares through a trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the CEO, which is typical for these types of transactions.
• Similar transactions are regularly reported by executives at companies like Oracle, Microsoft, and Apple.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Thryv Holdings, Joe Walsh, stock sale, insider trading, Form 4, restricted stock units, tax obligations