4/A: Thryv Holdings Director Amer Akhtar Amends SEC Filing to Correct RSU Grant Price

Amer Akhtar, a director at Thryv Holdings, filed an amended SEC Form 4/A to correct the price of restricted stock units (RSUs) granted on June 13, 2024.

Summary

• Amer Akhtar, a director of Thryv Holdings, Inc., filed an amendment to a previously submitted SEC Form 4.
• The amendment corrects the price of 7,364 restricted stock units (RSUs) granted on June 13, 2024, under the company's 2020 Incentive Award Plan.
• The corrected price is $0 per RSU.
• The RSUs vest on the anniversary of the grant date, contingent upon continued service.
• Each RSU settles into one share of common stock three months after the reporting person separates from service, subject to the terms and conditions of the Plan.
• Following the transaction, Akhtar beneficially owns 19,335 common shares.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but the correction itself is a positive sign of diligence.

Positives

• The amendment ensures accurate reporting of the RSU grant.

Future Outlook

The vesting of the RSUs is contingent upon continued service, incentivizing the director to remain with the company.

Industry Context

Reporting of beneficial ownership and insider transactions is a standard practice for publicly traded companies, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Equity compensation in the form of RSUs is a common practice among publicly traded companies to align the interests of directors and executives with those of shareholders.
• The vesting schedule and terms of the Thryv Holdings, Inc. 2020 Incentive Award Plan are likely comparable to those of similar plans at peer companies.
• Companies like Intuit, H&R Block, and Automatic Data Processing (ADP) also utilize equity-based compensation to incentivize their leadership teams.

Stakeholder Impact

• Shareholders benefit from accurate reporting of insider transactions.
• The RSU grant incentivizes the director to contribute to the company's success.

Key Dates