Form 4: Thryv Holdings CFO Sells Shares to Cover Tax Obligations

Thryv Holdings CFO, Paul D. Rouse, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Paul D. Rouse, CFO, Executive VP & Treasurer of Thryv Holdings, Inc., sold a total of 20,346 common shares across three transactions.
• The sales occurred on January 3, 2025, and January 6, 2025.
• The shares were sold at prices of $14.94 and $14.96 per share.
• These transactions were to cover tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Mr. Rouse directly owns 136,993 common shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

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 and the price are within the typical range for such transactions.
• Similar transactions can be seen at companies like Oracle, Salesforce, and Adobe where executives regularly sell shares to cover taxes.

Stakeholder Impact

• The stock sales have a minor impact on the total number of shares outstanding.
• The transactions are not expected to significantly affect shareholder value.

Key Dates

Keywords

Thryv Holdings, Paul D. Rouse, CFO, stock sale, insider trading, tax obligations, restricted stock units