Form 4: Thryv Holdings Director Amer Akhtar Receives Significant Equity Grant

Thryv Holdings, Inc. director Amer Akhtar was granted 11,035 restricted stock units (RSUs) under the company's 2020 Incentive Award Plan, increasing his total beneficial ownership to 31,570 common shares.

Summary

• Amer Akhtar, a Director at Thryv Holdings, Inc. (THRY), acquired 11,035 common shares through a grant of Restricted Stock Units (RSUs).
• The transaction date for this acquisition was June 12, 2025.
• The RSUs were granted at a price of $0 per share, indicating they are part of an incentive award.
• Following this transaction, Mr. Akhtar's total beneficial ownership of Thryv Holdings common shares increased to 31,570.
• These RSUs are granted under the Thryv Holdings, Inc. 2020 Incentive Award Plan.
• The RSUs vest on the anniversary of the grant, contingent upon Mr. Akhtar remaining in service on the vesting date.
• Each RSU will settle into one share of common stock three months after the reporting person separates from service, subject to the Plan's terms and conditions.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as the equity grant aligns the director's interests with shareholders, indicating commitment and a standard compensation practice, with no negative implications.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Amer Akhtar aligns his interests more closely with those of the shareholders, as his compensation is tied to the company's long-term performance.
• The increase in beneficial ownership demonstrates continued commitment from a key board member.

Future Outlook

The Restricted Stock Units (RSUs) are designed to vest on the anniversary of the grant, provided the director remains in service, and will settle into common stock three months after separation from service, indicating a long-term incentive structure.

Industry Context

This Form 4 filing represents a routine insider transaction, specifically an equity grant to a director, which is a common practice across industries to incentivize and retain key management and board members by aligning their financial interests with the company's performance.

Corporate Governance

Related Party Transactions

• The grant of 11,035 Restricted Stock Units (RSUs) to Amer Akhtar, a Director of Thryv Holdings, Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors under the 2020 Incentive Award Plan.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with shareholder value creation, potentially leading to more focused long-term decision-making.
• Employees: While specific to a director, such grants are part of broader incentive structures that can signal a commitment to performance-based compensation within the company.

Next Steps

• The Restricted Stock Units (RSUs) will vest on the anniversary of the grant date, provided Amer Akhtar remains in service.
• Each RSU will settle into one share of common stock three months after Amer Akhtar separates from service, subject to the terms of the 2020 Incentive Award Plan.

Key Dates

Keywords

Thryv Holdings, THRY, SEC Form 4, Insider Transaction, Director Equity Grant, Restricted Stock Units, RSU, Equity Compensation, Corporate Governance