Form 4: Thryv Holdings Director Amer Akhtar Acquires Shares and Reports RSU Grant

Director Amer Akhtar reports acquisition of Thryv Holdings shares and a grant of restricted stock units (RSUs).

Summary

• On June 13, 2024, Amer Akhtar, a director of Thryv Holdings, Inc., acquired 7,364 common shares at a price of $19.01 per share.
• Following this transaction, Akhtar directly owns 19,335 common shares.
• Akhtar was also granted restricted stock units (RSUs) under the Thryv Holdings, Inc. 2020 Incentive Award Plan.
• These RSUs vest on the anniversary of the grant date, contingent upon continued service.
• Each RSU will settle into one share of common stock three months after Akhtar separates from service, subject to the terms of the Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's share acquisition suggests confidence, but it's a routine filing.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The vesting of RSUs is contingent upon continued service, suggesting an incentive for the director to remain with the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates